LIIBA is Keen To Transition Clients to Net Zero

Responding to yesterday’s announcement by Chancellor Rishi Sunak at the COP26 climate summit that the UK will become the ‘first ever net zero aligned financial centre’, Christopher Croft, CEO of broker body LIIBA said:

“LIIBA members share the UK government’s sense of urgency in this matter. London market brokers are at the forefront of the drive to achieve net zero by 2050, both in terms of their clients and their own organisations.”

Commenting on the Chancellor’s specific proposal that UK financial institutions and listed companies will have to publish clear, deliverable plans setting out how they will decarbonise and transition to net zero, Croft said:

“The insurance industry and brokers, in particular, have a key role to play in helping businesses transition to net zero because of their unique position in the economy. Brokers understand balance sheet risk, are involved in huge infrastructure projects, international transportation networks and they’ve developed a detailed world-leading understanding of climate risk. Their role in achieving this change will be critical.”

In June, LIIBA published its policy paper Our Role in Net Zero, which made the case that London’s specialist brokers, working closely with insurers, possess a unique combination of skills and expertise that will enable businesses to make the changes necessary to achieve the net reduction in carbon emissions.

About alastair walker 8713 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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