Responding to today’s “Independent Assessment of UK Climate Risk” report from the Climate Change Committee (CCC), IFoA President-elect Louise Pryor, said:

“This report highlights the work the UK needs to do to meet its climate goals across government, regulation, business and through its citizens. The IFoA is committed, through the work of its members and policy engagement with government in the public interest, to play its full part in meeting the challenges faced by the existential threat of climate change.

“As a professional body we believe that we have a duty to ensure our profession, individually and collectively, is aware of the challenge and increasingly equipped and skilled to contribute to solutions that will benefit society. This report is a welcome reminder of this imperative.

“Last year the IFoA put in place a climate strategy to guide our work in the coming years. This will co-ordinate and drive actuaries’ professional approach to the risks - financial and non-financial - that our clients and the world face. We are a founder signatory of the Green Finance Education Charter. For some years we have been supporting our members with resources to develop their climate skills, and this work will continue to accelerate. We are deeply committed to collaboration with other organisations, as only through working together can we hope to meet the goals of the Paris Agreement.”

~ENDS~

Contact
Sonia Sequeira, Media Relations Manager, IFoA
Tel: 07525 592 198
Email: sonia.sequeira@actuaries.org.uk

About the Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body.

Research undertaken by the IFoA is not commercial.  As a learned society, research helps us to fulfil our royal charter requirements to further actuarial science and serve the public interest. 

Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.

Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s of London.

Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.

The IFoA is available to provide independent expert comment to the media on a range of actuarial-related issues, including COVID-19 and its long term consequences, mortality, pensions, life and general insurance, health and care, finance and investment, climate change and sustainability, systems thinking, uncertainty and judgement, and risk management.

Contact Details

For all media queries please contact Sonia Sequeira, Media Relations Manager

sonia.sequeira@actuaries.org.uk

+44 (0) 20 7632 2126

For out of hours, the Press Office can be contacted at: press.office@actuaries.org.uk. We aim to respond to all enquiries as quickly as possible.