How can ESG data help reduce climate risk?

Climate change is one of the greatest, long-term risks facing the insurance sector.

Fortunately, organizations can play a pivotal role in the transition to a greener economy.

They can help to facilitate change by focusing on sustainability throughout their operations and via responsible investment and asset allocation. Companies like Insurers are also uniquely placed to support efforts to reduce climate risk beyond their own operations.

As a sector that contributes £32bn to the UK economy each year and has multiple interactions and touchpoints with households and businesses across the UK, the insurance sector can incentivize and support change, facilitating sustainable decision making through education and innovative client offerings.

The industry recognizes it has a key role in providing the scaled investment capacity that will be needed to phase out carbon-intensive activities and replace them with sustainable and renewable innovations.