LCP have been researching the environmental, social and governance approaches of bulk annuity providers since 2019. Each time they update their research, they find that insurers’ approaches have improved. In 2023, they emphasised the necessity of viewing climate change as a systemic risk, which could threaten the entire insurance industry, highlighting the need for collective action and systemic stewardship from insurers, trustees, and policymakers to mitigate these risks and ensure financial stability.
Date of publication: January 2024
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