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ClimateWise

Representing a growing global network of leading insurance industry organisations, ClimateWise helps to align its members’ expertise to directly support society as it responds to the risks and opportunities of climate change.

ClimateWise, as part of the Centre for Sustainable Finance, is uniquely placed to bring together the insurance industry and related organisations with world class academic expertise and global sustainability leaders to collectively and innovatively tackle climate change. 

Decisions and positions of the group do not represent the policies or positions of CISL or of the wider University of Cambridge.

Areas of focus


Disclosure

Disclosure

ClimateWise members are required to annually disclose their firm’s response to climate change through the ClimateWise Principles framework (link). Member reports are independently assessed, scored and benchmarked as a means to track and incentivise progress year on year. A collective public review (link) is published each year which serves to inform regulators and broader financial markets on the insurance industry’s response to climate change.

Research

Research

ClimateWise undertakes impact-orientated, collaborative research to help insurers and the wider financial sector proactively respond to the risks and opportunities posed by climate change. Three core themes focus on the industry’s leadership, regulation and climate-risk.

Climatewise members

Convening

ClimateWise membership is open to all (re)insurers, brokers and other insurance industry service providers globally who are leaders, or aspire to play a leadership role, in supporting the insurance industry respond to the risks and opportunities of climate change.

The Insurance Advisory Council is comprised of C-suite executives from across ClimateWise’s membership base. 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

"ClimateWise is an important initiative, assisting the insurance industry in its important role to build societal resilience. Insurers have unique insights into the risks that the world is facing and the ClimateWise Principles provide guidance to share this knowledge more broadly; so informing public policy and supporting the identification, understanding and management of climate risk. Through decisive action, insurance companies can facilitate the transition a low-carbon economy that is resilient to a changing climate, while reducing the climate risk protection gap."

Anna Sweeney, Chair of the Sustainable Insurance Forum and Executive Director, Insurance, Bank of England

 

"Through our dual role as institutional investors and risk managers, the Insurance and Long-term Savings industry is uniquely placed to shape society’s response to climate change, which is why the ABI remains proud of our longstanding membership of ClimateWise."

"A 10% year-on-year increase in the sector’s performance against the ClimateWise principles will make a significant impact across the economy, especially as these principles align to the TCFD requirements. However, it is also clear from these findings that further progress is needed – and this will require a sustained effort across the sector. The ABI is committed to continuing to work with ClimateWise to drive collective action to both reduce the level of carbon emissions and make society more resilient to the threat of a changing climate."

Huw Evans, Director General, Association of British Insurers (ABI)

 

Meet the team


Dr Bronwyn Claire

Dr Bronwyn Claire

Senior Programme Manager

 

Rachel Austin

Rachel Austin

Project Manager

      

Meng Lian LiMeng-Lian (Lily) Li

Project Manager

Thom Marx

Thom Marx

Project Co-ordinator


 

 

 

 

 

 

 

 

 

 

 

 

 

Latest


Insurable Cities: The ClimateWise Principles Independent Review 2017

November 2017 – The ClimateWise Principles Independent Review 2017 of the six ClimateWise Principles finds a third year of improved scores for members of the insurance industry leadership group. On its 10th anniversary the report finds the industry has improved its investment activities but members should look to further integrate climate change related initiatives into their core business strategies and look to increase board-level oversight on climate change and sustainability.

Insurable Cities: The ClimateWise Principles Independent Review 2017 - Read More…

The City Innovation Platform: A guide to multi-sector collaboration on resilience

May 2017 – This guide looks at the City Innovation Platform (CIP), a two-day workshop in Dar es Salaam, Tanzania in 2016. The CIP explored how the public and private sectors can collaborate more effectively to deliver sustainable, financeable and insurable infrastructure projects. The workshop involved the active participation from a city network of senior Dar city officials, the insurance industry, asset managers and the private sector.

The City Innovation Platform: A guide to multi-sector collaboration on resilience - Read More…

ClimateWise welcomes the TCFD’s draft disclosure recommendations

28 February 2017 – ClimateWise also calls for closer alignment across both sides of insurers’ balance sheets.

ClimateWise welcomes the TCFD’s draft disclosure recommendations - Read More…