Against a background of wildfires, windstorms and historic flooding around the world, the scientific consensus sees global warming passing the Paris Agreement’s 2°C target despite 130 countries and close to 8,000 companies making commitments to achieve net zero GHG emissions by 2050*.
The ramifications for re/insurers are huge, from an uptick in climate-related claims to an array of new reporting requirements and standards. In our upcoming webinar, on September 26th at 3.30pm BST, hosted by S&P Global Market Intelligence, Future directions in the race to net zero, our panel of industry experts will discuss the future of the insurance industry’s own net zero initiatives and the regulatory and standard-setting challenges that lie ahead.
• Five years after its launch by the Financial Stability Board (FSB), what has the Task Force on Climate-related Financial Disclosures (TCFD) achieved and what’s left to do?
• The ESG backlash in the US – what do withdrawals from the NZIA mean for voluntary commitment initiatives in the industry?
• What does the European Union’s CSRD/ESRS new reporting regime mean for insurers in the bloc?
• What is the direction of travel for the Bank of England, which recently said it is tightening its focus on improving insurers’ identification, measurement and management of climate risks?
• It’s been observed that the race to net zero will be won or lost in Asia: what steps are underway in influential markets like Japan, China, Malaysia and Singapore?
*TCFD 2022 Status Report
Nigel Brook, Partner - Clyde & Co.
Miqdaad Versi, Partner - Oxbow Partners
Ryan Bond, Head of Climate and Sustainability Insurance Innovation - Marsh
Rachel Delhaise, Group Head of Sustainability - Convex Insurance
Raymond Barrett, News Desk Manager, Global Insurance, S&P Global Market Intelligence