Insuring a Sustainable Future

With a unique view of the climate crisis, through its many decades providing support to communities, businesses and economies in the face of increasingly severe and frequent weather events, Lloyd’s and the global insurance industry have a critical role to play in building a more sustainable, greener future. Alongside mitigating and managing the impact of these disasters, the industry continues to provide financial support across multiple industries to build greater climate resilience and support the increased scale and speed of the transition.

As risk managers, risk carriers and investors, insurance is a powerful enabler, providing innovative products and services to finance, manage and accelerate the decarbonisation of industries and economies, as well as the growth of greener industry, greener transport and greener energy. This includes using its expertise to help increase levels of safety in managing new fuels and new construction techniques, facilitating increased collaboration between the public and private sector to support vulnerable developing nations, and directing its own capital reserves away from carbon-intensive sectors towards green solutions.

This report sets out the sustainability and decarbonisation ambitions of the sectors that are critical to a successful global transition to a low carbon economy, together with a climate action roadmap that highlights the ways in which the global insurance industry will support and accelerate this transition and the delivery mechanisms which will be deployed.