As a (re)insurer with exposure to extreme weather and other catastrophic events, we're well positioned to understand and measure the impacts of climate change and other environmental risks. We are committed to playing our part in building awareness and resilience towards the environmenal challenges facing society today, and we are well placed to support and influence clients as we collectively transition towards a net zero future.
We have:
- Set a net zero 2050 target for our Scope 1, 2 and 3 emissions, which is consistent with the Paris Agreement (2015) i.e. a maximum temperature rise of <2°C above pre-industrial levels by 2100, helping mitigate the impacts of climate change
- Aligned our approach to managing climate risk with existing risk appetite and exposure management frameworks; and analysed how climate related risks would impact MS AUL’s balance sheet and Risk Register
- Selected Climate Action as a priority UN Sustainable Development Goal to focus on, where we believe that we are uniquely positioned to make a positive impact.
We monitor, measure and consider how we can reduce our operational environmental footprint – electricity consumption, water consumption, waste – and have started to promote the further use of climate transition measurement within our Underwriting and Investment portfolios.
We also invest in research, catastrophe modelling and new technologies, as well as collaborating with industry and non-industry partners to further develop our understanding of and ability to mitigate the implications of climate risk.
