As a speciality insurer, we underwrite in areas that are vulnerable to the impact of climate change. With property risks particularly exposed. Our response to climate change needs to reflect both effective management of the risk and our responsibility to play our part in mitigation. You can read more about how we look at climate change by reading our Task Force on Climate-related Financial Disclosures TCFD report.
Climate responsibility encompasses all our actions to reduce our impact on the environment and includes efforts across the business to reduce our carbon emissions and environmental impact as well as charity and community efforts, to protect against and reduce climate impacts.
Climate risk is the financial risk arising from climate change, with a focus on how we understand the impact of both the physical and transitional aspects of climate change within our underwriting and investment portfolios.
