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Willis Towers Watson launches climate certification system

Global intermediaries and consulting firms work with Volans behind the Bankers for Net Zero Initiative and independent third-party groups, including the Climate Bonds Initiative (CBI), a global investment organization working on climate resilience, for CTP governance. Create. Committee.

The two climate change organizations will be responsible for creating industry-specific solutions that will be rolled out over the coming months. They use the Low Carbon Transition Assessment (ACT) methodology to develop a certification model, a business commitment to principles in line with the Paris Agreement, and a world to help companies move to a net-zero carbon environment. Review science-based goals that are consistent with effective emission reductions. ..

According to Willis Towers Watson, qualified and accredited organizations will have easy access to insurance capacity and capital to help them move to a low-carbon business model.

Rowan Douglas, Head of Climate and Resilience at Willis Towers Watson, said: Hub. “By incubating Climate Transition Pathways (CTP), these organizations can be supported through an orderly transition, continue to have access to insurance, and benefit from a higher level of certainty regarding future availability of risk capacity. We are helping to lead the industry. We will realize a more sustainable future. “

Mark Carney, Special Envoy for the United Nations Framework Convention on Climate Change and COP26 Financial Advisor to the Prime Minister of the United Kingdom, said that the economy as a whole, that is, all companies, banks and insurers, has a business model to achieve net zero carbon emissions. He said it needed to be adjusted.

“As insurers take steps to align their underwriting operations with the transition, companies need to show that they have the right plans, or they risk losing access to insurance.” Said Kearney. “Willis Towers Watson’s work in developing tools to evaluate a company’s migration plans is valuable to this process to ensure that all professional financial decisions take climate change into account. Contribution. ”

Willis Towers Watson launches climate certification system

Source link Willis Towers Watson launches climate certification system

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