As we approach COP 26, Business Reporter is delighted to launch the Sustainability Talk series, in support of the United Nations SDGs and Decade of Action.
Insurance focuses on risk and resilience
Climate change is considered the number one risk to the world economy. Global property insurance premiums are predicted to increase by a fifth by 2040 due to the increasing frequency and severity of extreme weather.
For insurers, the risk is two-pronged – they more often face increased payouts to policy-holders as a result of floods, wildfires and droughts, while the vast investment portfolios they use to pay on claims also face increased risk. are in. The impact of climate change on all sectors of the economy.
Business Reporter is pleased to share the Insurance, Sustainability and Climate Roundtable with some of the UK’s industry experts to discuss how the insurance industry is developing resilience in its investments and for businesses and policyholders. Is.
Alix Bedford, Risk Proposal Manager, Zurich City
Ben Wilson, Director of Advocacy, Association of British Insurers
Dermot Kehoe, Director of Communications and Transitions, Flood Ray
Ekosuhi Iahen, Secretary General, Insurance Development Forum
Rebekah Clements, Sustainability Director, Lloyd’s
investing in our future
Explore our discussion on Sustainable Investing
Featuring: Fiona Reynolds, CEO PRI, Morten Nilsson, CEO of BT Pension Scheme, Eoin Murray, Head of Investment Federated Hermes
Fund managers are always looking for the best return on their investments. But what if those investments are fueling businesses that are deeply harming the planet by contributing to climate change – or are likely to be adversely affected by that climate change?
With COP26 drawing attention to the responsibility of the business to reach net zero, investments such as pensions have emerged as an unexpected opportunity to make a major impact on the carbon footprint. With a growing number of people concerned about their contribution to the climate crisis, investors can encourage businesses to tackle their carbon emissions tops by focusing on environmental, social and governance issues.
This will make companies more resilient and help protect investors’ ability to earn and pay pension and insurance claims.
So, what stands in the way of green investment and wholesale change to a healthier planet?
Explore our discussion on Partnering to Solve Wicked Problems
Specialties: Leo Horn Pthanothai, UK Head, WRI; Corley Pretorius, Deputy Director, UNEP WCMC; James Cole, External Relations, CISL
COVID-19 has been devastating to the United Nations’ 2030 Sustainable Development Goals for ending poverty, protecting the planet and allowing all people to enjoy peace and prosperity. The pandemic and the resulting global recession have pushed millions of people into extreme poverty in developing countries, facing deteriorating health, education, gender and equality issues.
This is just one example of how the sustainability challenges we face are so great that no government or company can tackle them alone. Participation is critical in identifying key challenges and solutions, creating the right rules and infrastructure to enable these solutions to be implemented, and directing capital to the right places at the right times. So why is it so difficult to form effective coalitions?
SustainabilityTalk is Business Reporter’s thought leadership interview series that includes conversations with some of the world’s most inspiring organizations, subject matter experts, scientists and thought-provoking business leaders. It will explore their work in tackling global sustainability challenges and achieving a just transition to a low carbon economy.
Business Reporter is a United Nations SDG Media Compact member, and as such, it is committed to delivering content to its business communities that will provide insight into how business leaders and industry can move the needle in our transition to a low-carbon economy. are going.
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Credit: www.independent.co.uk /