Meeting description: The panel event was organised to discuss the progress made in climate and sustainability one year on from the COP27 conference in Glasgow. We reflected on what has been delivered so far from the Glasgow Climate Pact and the implications for actuaries. We also considered the challenges for COP27 which took place in Sharm El-Sheikh in November 2022. We also assessed the impact of key political challenges such as the pandemic response and the cost-of-living crisis on progress being made in Scotland. We also discussed how Scotland can transition into a global leader for green and sustainable financial services. We also explored how the actuarial profession can lead change in the financial system to serve the public interest in the management of climate-related risk and capitalise on the economic opportunities that such a transition presents. We informed the Minister about the work the IFoA and actuaries undertake on sustainability issues particularly a new report authored by the IFoA and the Climate Crisis Advisory Group titled 'Climate Emergency tipping the odds in our favour: A climate change policy briefing for COP27'.
Topic label: Climate