“Value chain emissions” – or Scope 3 emissions – can often constitute more than half of a company’s total carbon footprint. Yet the immense complexity of today’s supply chains makes decarbonization a major headache.

This Airmic's podcast will be featuring prominent thought leaders on the topic of ESG within the risk and insurance community. In our first episode, Richard is joined by Sean McGovern, CEO for the UK and Lloyd’s at AXA XL. Sean has shown himself to be particularly passionate about the ESG topic and the role insurers will have to play in supporting the transition of clients. Sean goes on to discuss how AXA XL are integrating ESG thinking into its own operational and underwriting strategies.

Released in the lead-up to the COP26 climate summit in Glasgow, this report analyses a wide range of topics from the science of climate change, increased loss frequency and severity, the power of insurance in incentivising ‘better’ behaviours through an ESG lens – alongside the opportunities presented by the transition to net-zero and the innovative use of insurance capital in the disaster relief space.

The arguments for advancing diversity and inclusion are now well-established. The question now is how companies can implement new guidelines on diversity, so that they go beyond the superficial requirements and achieve meaningful culture change.