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Cambridge Institute for Sustainability Leadership

23 January 2023 – The ClimateWise Principles Independent Review for 2022 sees scores continue to increase across the membership.

Download the ClimateWise Principles Independent Review

 The ClimateWise Principles Independent Review for 2022 download

About

The ClimateWise Principles have provided a framework for the insurance industry to disclose climate-related risk and opportunity since 2007. All ClimateWise members report annually against this framework. Reports are independently reviewed, scored and anonymised in a combined report to form the ClimateWise Principles Independent Review.

Findings

In the face of profound environmental and geopolitical challenges, 2022 saw the highest ever number of members submitting a report against the ClimateWise Principles with a small improvement in the average score. 

ClimateWise members recognise the importance of setting net-zero targets and introducing meaningful strategies to deliver the critical action needed on climate change. While progress has accelerated, the complex, systemic and immediate demands of the climate crisis require consistent improvement at pace from all stakeholders in the insurance industry, working individually and collectively to support a rapid and just transition to net zero.

To support this change, the ClimateWise membership and broader insurance industry must accelerate and expand not only the actions they are taking, but also their role as long-term partners to the wider economy in its journey to a net-zero and climate-resilient future. Doing so includes developing the details behind the insurance industry’s own transition plans and ensuring products, services and tools meet the needs of society.

Citing this review

Please refer to this review as University of Cambridge Institute for Sustainability Leadership and Deloitte (CISL). (2023). The ClimateWise Principles Independent Review 2022. Cambridge, UK: Cambridge Institute for Sustainability Leadership.


Find out more about ClimateWise here.

Published: January 2023

Author and acknowledgements

The independent reviewers and lead authors of this report were Katherine Lampen, Greg Lowe, Will Rees, Joey Galloway, Rosie Woodall, Linda Hedqvist, Rebecca Lewis, Fiona Roberts, Ed Boyd, Rebecca Kendrick, Diane Mouradian and Sam Menon of Deloitte. The study design and editorial process was led by Natalie Thompson, Stephane Rad, Laura Deltenre and Tom Yorke with input from Catherine Foot, Eliot Whittington, Nina Seega, Rob Barker and Adele Williams

Copyright

Copyright © 2023 University of Cambridge Institute for Sustainability Leadership (CISL).

Some rights reserved. The material featured in this publication is licensed under the Creative Commons Attribution-NonCommercial-Share-Alike License. (Attribution-NonCommercial 4.0 International (CC BY-NC 4.0).

Disclaimer

The opinions expressed here are those of the authors and do not represent an official position of CISL, the University of Cambridge, or any of its individual business partners or clients.