Climate Change
100 results found
Unleashing the power of N-BEATS on the S&P Green Bond Index
With the ongoing focus on ESG and data science, the IFoA’s Data Science, Sustainability and Climate Change Working Party continues its theme of marrying these fields
Introducing climate inequality and justice to actuaries
In the week that the Taskforce on Inequality and Social-related Financial Disclosures was launched, the IFoA Inequality of Climate Change Working Party introduces the concept of climate inequality and explains why this should be an important consideration for all actuaries, with both material financial and real-world impacts.
Reversing the trend: Managing biodiversity loss in the UK
The Environmental Audit Committee (EAC) published its report, 'Biodiversity in the UK: bloom or bust?' on 30 June 2021. The report calls on the Government to greater account for nature in economic decision-making in order to address biodiversity loss. Comments within the report reflect and refer directly to evidence submitted by the Institute and Faculty of Actuaries (IFoA) to the EAC’s enquiry.
How can the actuarial profession leverage the growing regulatory interest in climate reporting?
Over the past couple of years, many authorities around the world have declared a climate emergency. It is now widely accepted that climate change presents a material systemic financial risk. As life actuaries, our work includes analysing long-term financial risks and opportunities, so this would include considering the issues and scenarios that may arise in the coming decades from climate change.
COP26: Actual climate change success or a lot of hot air?
David Thomson, Head of Policy and Research at the IFoA, rounds up some of the key takeaways from the COP26 UN Climate Change Conference and what it might mean for the work of the IFoA and the actuarial profession.
Recommended Papers: Embedding Climate Change risks into Life Insurer Risk Frameworks
The Risk Management workstream of the IFOA’s Life Board Climate Risk Working Party is tasked with looking to support life insurers with embedding climate change risks into their risk frameworks. As this is a very broad topic, the scope was limited to key pillars of the risk management framework, such as risk governance, risk appetite and stress and scenario testing. The finer details of modelling the impact of climate change risks on assets and/or liabilities are covered by other workstreams of this working party.
The Road to Glasgow
In the lead-up to COP26, IFoA President Louise Pryor is chairing IFoA’s thought leadership series on sustainability sponsored by Milliman and Star Actuarial Futures.
What is the goal as we build back better from the aftermath of COVID-19?
Josephine Robertson, MA FIA CERA MPH, with inputs from the workstream, discusses the importance of revisiting the definition of goals we strive to achieve while we rebuild our post-pandemic societies.