Tag: ClimateWise

ClimateWise welcomes accountancy firm Crowe as its new strategic partner

Stuart Mitchell

ClimateWise has appointed accountancy firm, Crowe, to undertake a review of its climate disclosure framework. The ClimateWise Principles express expectations of best practice in the insurance industry including incorporating climate considerations into strategy, informing clients and supporting better public policy on climate change.  ClimateWise members have to report against these Principles annually, allowing them to benchmark progress against their peers. Following the completion of the 2023 reporting cycle, Crowe will take over from Deloitte as independent reviewer, leading the annual member reporting process against the newly revised Principles and supporting members via…

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ClimateWise Principles Review 2022 indicates steady progress and highlights need for insurers, reinsurers and brokers to become long-term partners to the real economy

Stuart Mitchell

The ClimateWise Principles Independent Review 2022 shows member insurance industry firms have made progress in disclosing their preparedness and response to climate change.    ClimateWise, convened by the University of Cambridge Institute for Sustainability Leadership (CISL) is in its fourteenth year of reporting against the ClimateWise Principles, which has been aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations since 2019. The report indicates ClimateWise has built momentum across financial services by increasing its membership and securing a year-on-year rise in average member scores.   Nina Seega, Director of Sustainable Finance, CISL said:…

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New ClimateWise report calls for greater collaboration across insurance industry and with government to accelerate delivery of net zero

Stuart Mitchell

Global insurance industry group ClimateWise, convened by the University of Cambridge Institute for Sustainability Leadership, has released a white paper exploring the potential contribution of innovative insurance products in the transition to a net zero economy. The report draws on the expertise of more than 10 ClimateWise members including Aon, Allianz, Aviva, AXA XL, Lloyd’s, Zurich, and makes recommendations to support the insurance industry’s meaningful part in the decarbonisation of the global economy. In addition, ‘Climate product innovation within the insurance sector’ highlights the need for collaboration both within and…

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