How taking ESG responsibilities seriously could help you build the resilience you need
No denying it. It’s a major challenge to scrutinise your own sustainability practices and those of your clients and suppliers. But this is what is being demanded
Climate activists outside the Lloyd’s insurance market have been busy so far in 2022, using a variety of attention-grabbing direct-action techniques.
Most recently this included building a giant fake oil pipeline outside One Lime Street to protest Lloyd’s role in the expansion of the Trans Mountain Pipeline in Canada and the East Africa Crude Oil Pipeline.
An issue that is becoming increasingly high profile in the insurance sector has implications everywhere. It is one reason risk managers are so concerned about the reputational consequences of failing to act on ESG, according to this year’s Airmic survey.
As UK corporate risk and insurance managers meet in Liverpool for the Airmic Conference in June, one thing is certain, there is plenty to discuss and ESG is more than just a buzzword.
Ultimately, taking ESG responsibilities seriously could help you build the resilience needed to survive this perfect storm we’re all navigating.
“A perfect storm is typically understood to mean a disaster produced by a combination of chance factors,” says Airmic CEO Julia Graham.
“However, the perfect storm created by climate change has nothing to do with chance – we understand many of the issues and we know what can be done.”
Airmic 2022: Brace for turbulence ahead
- Currently reading
StrategicRISK Airmic 2022: Sink or swim