The Association of British Insurers (ABI), has announced that Andy Briggs is to chair a new board climate change committee to “help coordinate and drive collective focus on climate change and sustainability”.
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 an ambitious sector-wide approach to reaching Net Zero, identifying how the industry’s investments and underwriting can enable the ‘Green Industrial Revolution’ and identifying how insurance and long-term savings customers can be supported to make more sustainable choices”.
According to ABI, the insurance and long-term savings industry “has a significant role to play in tackling climate change”. Adding whether it be through “investment of long-term assets in green infrastructure, helping society to be more resilient to the impact of climate change or supporting the ambition for the UK to reach net zero carbon emissions by 2050”.
Briggs is currently group CEO of insurance company, Phoenix Group and was the former chair of the ABI between 2016-2018.
He said: “I’m delighted to be taking on the role as chair of this vital new committee at the ABI.
“The impact of climate change is one of the biggest global issues of today and in the run up to COP-26, it is essential that as an insurance industry, investing trillions on behalf of our customers, we work together with the government and wider stakeholders to drive positive change.”