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Sustainable Markets Initiative (SMI) Insurance Task Force

A significant global insurance industry commitment to drive climate positive action at pace

The Insurance Task Force was launched from the historic Lloyd’s underwriting room in 2021, and today continues its effort to support the creation of a sustainable future for nature, people and planet. It has represented the insurance industry at global climate conferences like COP 26, 27, 28, New York Climate Week and remains a catalyst for driving cross sector collaboration on issues of risk.

Chaired by Lloyd’s CEO John Neal, the Task Force is supporting the global transition to a sustainable future through the creation of innovative and new insurance products and services, and critical financial and risk management support, which span several industries and geographies to drive positive change.

Insuring a Sustainable Future

Protecting nature, people, and planet 

Insuring a Sustainable Future, published ahead of the Insurance Task Force’s participation at COP28 in Dubai, explores the critical role the insurance industry is playing in the growth of clean and emerging technologies, de-risking investment and enabling recovery post climate disaster.

Insurance Task Force case studies

Disaster Resilience Framework

A Disaster Resilience Framework for Climate-Vulnerable Countries, aiming to demonstrate the opportunity that exists to blend public and private investment with insurance.

Products and services showcase

A showcase presenting the wide-ranging innovative insurance solutions currently available to customers to develop, invest in and scale their sustainability initiatives.

Sustainable supply chains pledge and best practice guidelines

A consistent methodology for insurers around the world to encourage their suppliers to adopt sustainable practices and develop climate change targets.

Global risk and resilience fellowship

Supporting city leaders to harness the power of insurance to de-risk and accelerate resilience-building activities.

UNCDF partnership

A partnership to scale insurance access for climate-vulnerable countries, and deliver financial resilience against climate shocks in Small Island Developing States and Least Developed Countries.

Terra Carta

Lloyd’s is proud to support the Terra Carta from the Sustainable Markets Initiative – a charter that puts sustainability at the heart of the private sector.

The Terra Carta outlines ten areas for action and comprises of nearly 100 actions for business.

Astra Carta

As part of our COP28 activity and SMI engagement, we were delighted to support the launch of the Astra Carta, bringing the role of the private sector in supporting space sustainability to the forefront. As part of this commitment, we were proud to sign the Memorandum of Principles for the Earth and Space Sustainability Initiative, where we will work with industry, academia, governments, international organisations and finance to establish a set of Space Sustainability principles to guide outer space activities and responsible behaviour. 

Watch the launch of the SMI Insurance Taskforce