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ESG Integration and Stewardship

Overview

ESG integration and stewardship are increasingly relevant to the work of the actuaries.

There is a growing body of evidence that shows incorporating ESG factors into the investment process does not detract from performance and may even enhance performance.

Promoting sustainable finance and reducing financial risks from ESG issues like climate change are increasingly within the remit of regulators across the world.

Key stakeholders of the actuarial profession are concerned for people and the planet - including clients, customers, pension scheme members and employees.

Firms that employ actuaries are participating in sustainable finance initiatives and / or making individual commitments relating to ESG integration and stewardship.

The investment and financing activities of pension schemes, insurers, asset managers and banks are heavily scrutinised by the media and activists alike.

Purpose

The Environmental, Social, and Governance (ESG) Integration & Stewardship Working Party was formed in 2020 with a number of volunteers across the actuarial profession from a range of practice areas. The working party was formed under the sponsorship of the Finance and Investment Board with support from the Resource and Environment Board.

The purpose of the working party is to act as an ongoing source of knowledge within the Institute and Faculty of Actuaries (IFoA) on ESG integration and stewardship with the specific focus on delivering the objectives outlined below.

Objectives

The objectives of the Working Party are to:

·         Help actuaries navigate a complex and evolving ESG and stewardship regulatory environment (including soft regulation and voluntary initiatives) and understand its relevance to their work;

·         Share examples of how actuaries across different practice areas are responding to ESG and stewardship regulation, voluntary initiatives and trends; and

·         Highlight useful tools, research, and materials on ESG and stewardship to support actuaries on their work in this area.

 

Outputs

TBC

 

Chair: Gerard Anderson
Membership: 11
Established: 2020

Related documents

Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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Start date
E.g., 26/09/2021
End date
E.g., 26/09/2021

Events calendar

  • Spaces available

    A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.

    This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.

  • Spaces available

    Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.

  • Spaces available

    How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Spaces available

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.