ESG risks and reporting requirements for Insurers

ESG risks and reporting requirements for Insurers


The introduction of mandatory sustainability and climate disclosure requirements accompanied by independent assurance reports represents a significant shift in reporting in Australia.  Additionally, APRA and ASIC’s expectations as well as investors and policyholders continue to evolve.

On 12 January 2024, Treasury released its exposure draft on Climate-related financial disclosure which builds on the proposals contained in Treasury’s July 2023: consultation paper. With reporting obligations beginning as early as 1 July 2024, starting the reporting journey early is critical to future success and to ensure all requirements are addressed and can be assured as required.  

In light of these developments, we are delighted to invite you to our webinar, which will address: 

  • Anticipated Australian reporting and regulatory requirements including:
    • The latest on the Treasury consultation and AASB 
    • Timeline for compliance
    • Focus areas of ASIC and APRA 
  • ESG risks and opportunities for Insurers
    • Key challenges for General and Life Insurers
    • Climate Vulnerability Assessment (CVA) requirements 
    • Learnings from UK and NZ markets
  • What leading insurers are doing to prepare and how risk frameworks and operating models are changing

We will hear from

Lara Gaede - EY Lead Partner for Financial Services Climate Change and Sustainability Services Practice Oceania

Brendan Counsell – EY Actuarial partner specialising in Life insurance

Steve Girvan – EY Director in our Financial Services Risk Consulting team specialising in General Insurance

 


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