The IFoA Sustainability Board seeks to create meaningful engagement by all actuaries, their clients, and wider stakeholders in understanding, and then in addressing, the uncertainties for economic and financial systems arising from climate change and other sustainability issues. The Board seeks to be a centre of expertise and leadership for the IFoA in climate change and other sustainability issues and aims to help identify, educate and raise awareness of the need for such issues to be addressed.
Board objectivesThe Sustainability Board will work to meet the above through the pursuit of the following key objectives:
- Equip current and future actuaries with the knowledge, skills and tools to embed climate and sustainability risks into all actuarial practice;
- Articulate the potentially cataclysmic systemic risks; engaging with stakeholders, policymakers and regulators to influence them to take the urgently needed financial market and real economy actions;
- Support actuaries working in specialist sustainability fields in their practice and, in turn, seek to encourage such actuaries to contribute to the ongoing development and understanding of environmental issues within the IFoA;
- Engage with the IFoA Council, Executive, and Management Board to ensure that issues identified by the Board are appropriately recognised and actions are sufficiently prioritised and that the broader strategy of the IFoA is encapsulated within the work of the Board.
Until July 2020, the Sustainability Board was known as the Resource and Environment Board.
Find guidance on climate change
The Sustainability Board curates a climate change resource library with relevant and current information for actuaries.