The greatest challenge of our time
Climate change is the greatest challenge of our time. In 2017, we issued our first risk alert. Since then, governments, businesses, and regulators have increasingly recognised that climate change and sustainability-related issues represent a material financial risk to future economic and market conditions.
It鈥檚 even more crucial now that actuaries are aware of these issues and that they appropriately take them into account. Members need to appropriately consider, and communicate clearly, the impact of climate change and sustainability issues or risks within their actuarial work.
Read what climate change means for the actuarial profession, including the risks and opportunities, in
In this video Louise Pryor, Past President of the IFoA, discusses the role of the actuarial profession in sustainability and fighting climate change.
News
New Longevity Bulletin explores impact of climate change on longevity and mortality
IFoA research included in key climate-risk reports for global finance ministers
IFoA and University of Exeter launch Planetary Solvency dashboard
New thematic review on climate
Explore the IFoA鈥檚 latest thematic review on climate change and sustainability 鈥� uncovering how actuaries are integrating sustainability considerations into practice and decision-making.
Reports and research
January 2025
Our fourth report with climate scientists proposes a novel Planetary Solvency risk dashboard, to provide decision-useful risk information to support policymakers to drive human activity within Earth鈥檚 finite bounds.
March 2024
鈥楥limate Scorpion 鈥� the sting is in the tail鈥� is the IFoA鈥檚 third report in collaboration with climate scientists. It shows that climate risks are complex, interconnected, and could threaten the basis of our society and economy.
July 2023
We partnered with the University of Exeter to produce this paper demonstrating how a deeper understanding of climate change, including tipping points can improve financial services climate- scenario modelling.
November 2022
Our joint report with the Climate Crisis Advisory Group (CCAG) looks at how actuarial risk-management techniques can be applied to the climate change problem.
June 2022
We contributed to this report from the Joint Forum on Actuarial Regulation. It explores the science behind climate change and its relation to actuarial work.
Sustainability consultation responses
2025
- IFoA response to TNFD discussion paper on nature transition plans (PDF, 110 KB), 24 January
- IFoA response to Treasury consultation on a UK Green Taxonomy (PDF, 110 KB), 6 February
- IFoA response to FRC Stewardship Code consultation (PDF, 100 KB), 19 February
- IFoA response to PRA consultation CP10/25 on enhancing banks鈥� and insurers鈥� approaches to managing climate-related risks (PDF, 300 KB), 30 July
- IFoA response to DESNZ consultation on climate-related transition plan requirements (PDF, 300 KB), 17 September
- IFoA response to DBT consultation on UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2 (PDF, 200 KB), 17 September
2024
There were no sustainability consultation responses in 2024.
2023
- IFoA response to DESNZ call for evidence on scope 3 emissions in the UK reporting landscape (PDF, 60 KB), 14 December
- IFoA response to FCA Discussion Paper on Finance for Positive Sustainable Change: governance, incentives and competence in regulated firms (PDF, 171 KB), 10 May
- IFoA response to FCA consultation on SDR and investment labels (162 KB PDF), 25 January
2022
- IFoA response to BEIS Net Zero Review call for evidence, 27 October
- IFoA response to ISSB consultation on Exposure Draft IFRS S2 Climate-related Disclosures, 29 July
- Consultation Response - Environmental Audit Committee inquiry into Aligning the UK's Economic Goals with Environmental Sustainability, 7 January
- Consultation Response - FCA consultation on Sustainability Disclosure Requirements (SDR) and investment labels Discussion Paper, 7 January
- IFoA response to Department of Work and Pensions Consultation on Climate and Investment Reporting: Setting Expectations and Empowering Savers, 6 January
鈥淧olicy and thought leadership on this subject has never been more important. I鈥檓 proud that the actuarial profession is able to step forward with a range of policy initiatives and incisive thought leadership to support a transition to a sustainable future.鈥� 鈥� Louise Pryor, IFoA Past President
Thought leadership
Sustainability on the IFoA blog
Thought leadership webinar series