In April 2022, the National Association of Insurance Commissioners (NAIC) revised its Climate Risk Disclosure Survey to make it consistent with the Task Force on Climate-related Financial Disclosures (TCFD) framework.
Consequently, insurers across 15 states and territories are required to enhance disclosure across the following categories - governance, strategy, risk management, metrics, and targets - in their Climate Risk Disclosure Survey submission due in November 2022.
The revised survey requires increased transparency surrounding how insurance companies manage climate risks and incorporate internationally recognized best practices into climate mitigation strategies and targets.
Join S&P Global Sustainable1 and industry practitioners as we explore:
What are the notable differences in the revised Climate Risk Disclosure Survey and why are they important?
How can insurance companies develop TCFD aligned reports to meet the new survey requirements?
What are the most persistent challenges for insurance companies when reporting sustainability data?
What ESG and climate disclosure trends do we observe in the U.S. insurance industry?
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