Target two degrees
Due to its form of business, the insurance sector is especially sensitive to the risks posed by climate change and is a major player in the fight against it. The industry has long identified climate change as an emerging risk and an increase in temperature of more than 2°C could lead to a lack of affordable insurance.
Insurers are not only changing their practices in order to reduce their emission of greenhouse gases, they also contribute to mitigate the effects of climate change in many other ways. For example, by developing products that incentivise policyholders to also reduce their carbon footprint or by investing in renewable energies.