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Cambridge Institute for Sustainability Leadership

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

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

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.

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

 

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

Angel Gurria, OECD Secretary-General speaks on 'Climate: What’s changed, what hasn’t and what we can do about it'

7 July 2015

3 July 2015 – Angel Gurria, the OECD’s Secretary-General delivered an important speech at an event hosted by Aviva Investors, in association with ClimateWise.

AXA’s divestment announcement: a game changer?

5 June 2015

AXA’s divestment announcement: a game changer? Tom Herbstein, Senior Programme Manager, ClimateWise 5 June 2015 AXA, one of the world’s largest insurance companies, has made a bold commitment to divest €500 million from coal and increase its investments in clean energy by €3 billion by 2020. Given...

Has enough attention been paid to collective financial exposure to climate risk?

19 March 2015

20 March 2015 – The University of Cambridge Institute for Sustainability Leadership and ClimateWise are facilitating a series of roundtables during 2015, bringing together key insurance leaders, experts and academics with the Bank of England Prudential Regulatory Authority.

Setting a benchmark for the insurance industry’s contribution to a resilient low carbon economy

16 December 2014

15 December 2014 – Following the UN Climate Change negotiations in Lima last week, the contribution of all economic stakeholders, to addressing climate risk and encouraging strong national targets for action has never been more important. As Maurice Tulloch, the Chair of ClimateWise says, “Put the world on course for a strong climate change agreement in Paris 2015, or risk undermining our economies and making industry uninsurable.”

Maurice Tulloch appointed as new Chair of ClimateWise

24 November 2014

20 November 2014 – ClimateWise is delighted to announce that Maurice Tulloch (Chairman, Aviva Global General Insurance and Chief Executive Officer, Aviva UK & Ireland General Insurance) has become its new Chair.

Insuring the Future – How to align future markets with 2°C

24 November 2014

9 September 2014 – ClimateWise Launches Low Carbon Energy Transition Inquiry.

How do we protect growth in a world of ‘new normals’?

23 October 2014

November 2011 – Last Friday the Nobel Prize-winning Intergovernmental Panel on Climate Change (IPCC) approved a new report on ‘Managing the Risks of Extreme Events and Disasters for Climate Change Adaptation’. This is compelling reading both for those interested in climate change science, and for those working everyday to protect future economic and social activity.

Moving beyond the uncertainty of climate change risk

23 October 2014

April 2012 – Inherent uncertainty means that every statement made in relation to climate change risk must be caveated, but that is not an excuse for inaction.

ClimateWise Thought Leadership: The value of ecosystem resilience to insurers

23 October 2014

June 2012 – In 1992 in Rio de Janeiro, Climate Change, Biodiversity and Environmental Degradation were put on the international agenda at the first Earth Summit. Twenty years later nobody can ignore that human development and economic growth rely on healthy and resilient ecosystems but all too often we do, perhaps because it is easier to compartmentalise issues and believe that someone else will deal with the complexity.

ClimateWise Thought Leadership: The role of insurers in strengthening business resilience to climate risk

23 October 2014

February 2013 – Tokio Marine & Nichido Fire Insurance is Japan's leading general insurance company, established in 1879. In this ClimateWise Thought Leadership article Kunio Ishihara, Chairman of the Board, discusses the role of insurers in supply chain resilience, and where climate change poses particular threats to these supply chains across Asian markets.