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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. 

 

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 Li

Meng-Lian (Lily) Li

Project Manager

 

Thom Marx

Thom Marx

Project Co-ordinator


 

 

 

 

 

 

 

 

 

 

 

 

 

Latest


Insurers continue to make steady progress in responding to climate change

23 November 2015 – The insurance industry is continuing to take steps to incorporate the risks of climate change across their business activities, an annual independent review of the insurance industry’s network ClimateWise reveals today. The 2015 review of the six ClimateWise Principles concludes that positive progress continues to be made in response to climate change, with average scores rising against 2014.

Insurers continue to make steady progress in responding to climate change - Read More…

A climate of change: ClimateWise Principles Independent Review 2015

November 2015 – The 2015 independent annual review of the six ClimateWise Principles shows improved scores for members of the insurance industry leadership group. Progressive insurance companies are considering their exposure to climate risks while also developing their role as societies' risk managers.

A climate of change: ClimateWise Principles Independent Review 2015 - Read More…

AXA Futures panel debate on climate change: ‘Can Business Save the Planet?'

10 November 2015, Imperial College, London – The recent announcement that 1°C of global warming has already occurred, and sooner than predicted, is stark evidence that not enough is being done to tackle the issue of climate change. The AXA Futures panel debate sought to hear the expert opinions of leaders from business, government and NGOs to discuss whether business ‘Can Save the Planet’ – or perhaps not; not alone, in any case.

AXA Futures panel debate on climate change: ‘Can Business Save the Planet?' - Read More…

ClimateWise CEOs call for more climate action with open letter

1 October 2015 – ClimateWise members write open letter to the UK’s Prudential Regulation Authority.

ClimateWise CEOs call for more climate action with open letter - Read More…