Andy Briggs, group CEO of Phoenix Group and former chair of the ABI, is to chair a new climate change committee for the trade body.
He will co-ordinate and drive “collective focus” on climate change and sustainability across the industry.
The Association of British Insurers says the insurance and long-term savings sector has a significant role to play in tackling climate change through investment in green infrastructure, helping society to be more resilient to climate change or supporting the ambition for the UK to reach net zero carbon emissions by 2050.
As COP26 approaches, the ABI has established the committee to drive the industry’s strategy and progress and provide oversight at a senior level, it says.
The committee will be formed by 10 members of the ABI’s board and will meet for the first time in April.
The group will be focussing on delivering a sector-wide approach to