ESG reporting in 2023: practical applications for managing and measuring carbon emissions
To fully reflect the importance of the insurance market, consider it one the largest global industries with more than USD 6 trillion in world premium volume and 36 trillion in global assets under management. As risk managers, risk carriers and investors, the insurance industry plays a key role in supporting the transition to a resilient net-zero emissions economy. In order to support and engage with the challenge- insurers need to adapt a consistent approach, by addressing the need to set global benchmarks, standardised methodologies for measuring and disclosing greenhouse gases (GHG) emissions associated with Re/Insurance portfolios. To achieve this, a cohesive approach will be needed to manage climate risks and opportunities. This event, suppod by S&P Global, continues our exploration of how insurers are measuring and managing climate-related risk, including transitioning to new areas of insurance. We will be joined by companies that are offering tools and data and the insurers that use them. We anticipate another lively and engaged discussion on stage and amongst attendees. With the urgent need to address climate related risks, the event provided subject matter expertise with panellists from firms such as: Swiss RE, Fidelis, Convex , The World Benchmarking Alliance, Lloyds of London, Cactus, Gamma Location Intelligence and Ecologi. Here are some the key takeaways from the event.