2. Inform public policy making

  • Work with policy makers nationally and internationally to help them develop and maintain an economy that is resilient to climate risk.
  • Promote and actively engage in public debate on climate change and the need for action.
  • Support work to set and achieve national and global emissions reduction targets.
  • Support Government action, including regulation, which will enhance the resilience and reduce the environmental impact of infrastructure and communities.
  • Work effectively with emergency services and others in the event of a major climate-related disaster.


How is Lloyd’s taking action and informing public policy making?

  1. We are relying on global leaders and policymakers to take the necessary brave steps to avoid dangerous climate change.  Lloyd’s has and will continue to support them.  Our Chairman Lord Levene has taken the debate around the world in conversations with leaders such as Arnold Schwarzenegger governor of California and Charlie Crist governor of Florida.  We have joined with other ClimateWise members by issuing a Copenhagen statement which calls for deep cuts in carbon emissions.  

  2. We have continued to support the London Climate Change Partnership a multi-stakeholder group with a secretariat at the GLA.  This year, by chairing the finance group, we assisted the creation of an event on the implications of climate change on property design, valuation and potential legal liabilities that may arise if state of the art science is not taken into account.  It highlighted the power of collaboration.

  3. Lloyd’s staff have spoken on the insurance implications of climate change at the European Commission and at the request of the British Embassy in Portugal.  We collaborated with US policymakers to draft the “resilient coasts blueprint” which was launched in April 2009.  The blueprint calls for risk based land use planning, use of strengthened ecosystems such as mangrove swamps to absorb storm surges and incorporation of climate risks into lending criteria.

  4. Our CEO, Richard Ward was one of 50 insurance leaders who signed the Geneva Association Kyoto statement on climate change.  This specifically addressed policymakers and highlighted the key skills insurers can bring to manage risks worldwide.  It also lobbied for freedom of risk data where publically collected which aligns with Lloyd’s own actions to free up data from the Met Office in the UK.