With rapid changes from technological advancement, demographic shifts, and a resource-demanding standard of living in the developed world, we face a number of unprecedented global risks with the potential of severely affecting billions of people. Actuaries can draw upon their risk-management expertise to identify the potential range of environmental risks, both short and long-term, and the subsequent means for mitigating or adapting to them.
Climate related risk may be the defining risk of our times. Actuaries have an important role in assisting others to mitigate the worst effects of climate change. These include not only the long-term catastrophic risk to the world, but also the costs and risks to companies of transitioning to a low carbon environment which, even now, are impacting company results and are becoming subject to disclosure requirements.
Louise Pryor - IFoA President Elect
Sustainability Policy Papers
Climate Change Consultations
-
Consultation Response - Environmental Audit Committee inquiry into Aligning the UK's Economic Goals with Environmental Sustainability
7 January 2022 -
Consultation Response - FCA consultation on Sustainability Disclosure Requirements (SDR) and investment labels Discussion Paper
7 January 2022 -
IFoA response to BEIS consultation on mandatory climate-related financial disclosures
15 July 2021 -
IFoA and ICSWG response to Law Commission 14th Programme of Review
10 August 2021 -
IFoA response to the EAC’s inquiry into biodiversity and ecosystems
15 April 2021 -
Taking action on climate risk: improving governance and reporting by occupational schemes – response and consultation on regulations
16 March 2021 -
Taking action on climate risk: improving governance and reporting by occupational pension schemes
7 October 2020 -
CP20/3: Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations
1 October 2020 -
Aligning your pension scheme with the TCFD recommendations
24 August 2020 -
IFoA response to the Evironmental Audit Committee
22 April 2020 -
The 2021 biennial exploratory scenario on the financial risks from climate change
19 March 2020 -
Consultation on draft Issues Paper on the Implementation of the TCFD Recommendations
28 February 2020 -
Decarbonisation of the UK Economy and Green Finance inquiry
26 July 2019 -
IFoA response to underwriting environmental, social and governance risks in non-life insurance business
25 July 2019 -
IFoA response to Environment Agency Flood and Coastal Erosion Risk Management Strategy
5 July 2019 -
Sustainability risks in Solvency II - Consultation Response
11 March 2019 -
DP18/8: Climate change and green finance
31 January 2019 -
Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change
15 January 2019 -
IFoA response to EU Commission- Public consultation on institutional investors and asset managers' duties regarding sustainability
22 January 2018
Filter or search events
Events calendar
-
The Gender Pension Gap
16 May 2022We’ve all heard about the gender pay gap. Sadly, the gap doesn’t just exist with base pay.
Research carried out by Legal & General in 2021 across the four million members in our Defined Contribution (DC) pensions, found that there’s a gender pension gap too, continuing the divide between men and women.
-
As current global events continue to demonstrate, geopolitical tensions present significant risks to corporates of all sizes. However, these types of risk are often not given the discussion time it needs at the board level or executive committee levels, nor the resources required to anticipate, analyse and mitigate them effectively.
-
Sessional Meeting: Pension Decumulation Pathways
17 May 2022At retirement, it has become very popular for those with Defined Contribution (DC) pensions to choose drawdown rather than an annuity, but drawing a sustainable lifetime income in this way is an impossible challenge for most people. We consider a Decumulation Pathway for the typical consumer, where a small part of the DC fund is set aside for any flexible access and legacy requirements. The bulk is then used to provide a lifetime income, utilising the pooling or insuring of longevity risk.
-
CILA 2022
23 May 2022 - 24 May 2022We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
-
Annual General Meeting 2022
15 June 2022In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
-
IFoA Presidential Address 2022
16 June 2022Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
-
The IFoA Conference 2022
133 Liverpool St, London EC3A 7BX and Online22 June 2022 - 23 June 2022We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.