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Sustainability Series: Biodiversity loss and financial risk: Bloom or Bust?

Milliman: Platinum Sponsor
Monday 1 November 2021 13:00 - 14:30

The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute. This expert panel will explore the implications of biodiversity loss for our financial systems and wider society, as well as how the profession  can help mitigate the risks it poses.

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Louise Pryor, President of the IFoA

In the course of a varied career as an actuary, software engineer and academic, Louise was Director, Actuarial Standards at the Financial Reporting Council, where she led the development of the Technical Actuarial Standards. She has practised as an independent consultant in the areas of software risk and sustainability and has worked on financial modelling for social security and pensions reform in a number of emerging economies.

Louise is Chair of the London Climate Change Partnership and a non-executive director at the Ecology Building Society.

She became a Fellow of the Institute of Actuaries in 1987 and a Fellow of IEMA in 2019. She has a degree in Mathematics from the University of Cambridge, and a PhD in Artificial Intelligence from Northwestern University.


Penny Endersby

Penny became Chief Executive of the Met Office in December 2018.  For most of her career she has delivered science and technology on behalf of the Ministry of Defence. As Chief Executive, Penny leads the strategic direction of the Met Office and is the UK’s Principle Representative to the World Meteorological Organisation (WMO).

In 2020, Penny was elected Vice President of the European Centre for Medium-Range Weather Forecasts (ECMWF). She is a Fellow of the Institute of Physics and a visiting professor in Electronics and Computer Science at the University of Southampton.


Professor Aled Jones

Professor Aled Jones is the inaugural Director of the Global Sustainability Institute (GSI) at Anglia Ruskin University. His work in climate finance has been recognised by the State of California and he has received a key to the city of North Little Rock, Arkansas. In 2018 he was made an Honorary Fellow of the Institute & Faculty of Actuaries. Aled’s research particularly focuses on the finance sector and government and how they will respond to the impacts of global resource trends and climate change. He was lead author on the report on resource constraints to the Actuarial Profession in 2013. He was chair of a working group under the Capital Markets Climate Initiative (CMCI) on behalf of the UK Minister for Climate Change in the Department for Energy and Climate Change and a member of the UK-US Taskforce on Extreme Weather and Global Food Resilience for the UK Foreign & Commonwealth Office. He is a member of the Expert Panel for the HRH Prince of Wales’ Accounting for Sustainability (A4S) and a the Science Advisory Group for the UK Global Food Security programme. He was an invited author on Chapter 7 (international dimensions of risk) for the UK Government’s 3rd Climate Change Risk Assessment (CCRA3) which was published in 2021.


Medha Bhasin

Medha is a Senior Clerk on the Environmental Audit Committee at the House of Commons. The Select Committee scrutinises the Government’s environment and sustainable development policies. Medha is the secretariat lead on the Committee’s Biodiversity & Ecosystem inquiry. The inquiry examined how the Government could practically implement recommendations within the Dasgupta Review into the Economics of Biodiversity.

Medha first joined the House of Commons in 2018 on the Civil Service Fast Stream. Before this Medha was a trainee for the Development Committee at the European Parliament. Medha has a BA in Geography from the University of Cambridge and a Master’s in Public Policy from the Blavatnik School of Government, University of Oxford.