Climate and sustainability

About actuaries working in climate and sustainability

Climate change is already having major environmental, economic and social impacts and these impacts are expected to increase over time. Climate change, and inadequate responses to it, poses serious risks to communities, economies and to the sectors that actuaries advise, including government, insurance, superannuation, investments, banking and data science and AI.

Actuaries have considerable expertise in managing risk, opportunities and uncertainty. Working with other stakeholders and often in multidisciplinary teams, actuaries are well placed to assist in:

• identifying and understanding the risks and the range of consequences of climate change in the short term, medium term and long term including the degree of confidence in future outcomes;
• developing policy options, strategies and opporunities to respond to these risks; and
• developing and implementing frameworks and plans to manage the risks over time.