11 November 2020
At its September meeting, the Institute and Faculty of Actuaries (IFoA) Council endorsed a ground-breaking report on climate-related risk at the IFoA. It was agreed that a core goal for the IFoA should be that climate related risk is understood and considered by its members in the same way as other major risks such as interest rate risk and mortality risk.
The report sets out an action plan with 38 recommendations covering immediate priorities and longer-term goals. The more immediate priorities include education, regulation and thought leadership.