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On 22 November 2023, Kennedys proudly hosted an ESG Breakfast Briefing at our London Fenchurch Street office in partnership with The Insurance Industry Charitable Foundation (IICF).
The event brought together industry leaders, clients, colleagues, and representatives from the third sector to discuss the important issue of climate change impacts on vulnerable communities. During an engaging panel discussion, experts shared their thoughts on how the insurance sector can address these challenges and foster positive change.
Exploring action-oriented solutions to climate change
Denise Eastlake, Legal Director at Kennedys, facilitated the session, with Rachel Durant, Associate and our Affiliate Board representative at the IICF, opening the session. Rachel provided an overview of our partnership with the IICF and its mission for ‘the insurance industry to be a force for good’. With a turnout of 20 clients, numerous colleagues, and representatives from non-profit organisations, the discussion focused on what meaningful actions industry professionals can take to address the interconnected environmental and social dimensions of climate change.
Insights from industry leaders
The panel featured expert speakers, including:
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Jake White, Head of Legal and Advocacy at WWF: Jake underscored the importance of a “Just Transition,” which ensures climate action is inclusive, collaborative, and supports communities and ecosystems. Highlighting WWF's partnership with Aviva, he discussed their joint initiatives to build climate-resilient communities, restore nature, engage with locals, and drive finance sector transformation. “It's not easy. It's not quick. But we must get started,” he emphasised.
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Roger Jackson, Global Insurance ESG Lead, KPMG: Roger questioned whether businesses are driven by compliance or a genuine commitment to long-term change. Reflecting on the landmark Stern Review, he stressed that the costs of stabilising the climate are manageable now, but delay would amplify the expense and risk. “What does this require of me? Speak to the action and speak to the solution,” he urged.
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Sangeeta Laudus, Senior Strategic Communications Advisor, Bright Tide: Sangeeta introduced the work of Bright Tide in supporting businesses to make climate change and biodiversity strategic priorities. She highlighted Bright Tide's accelerator programmes, including the upcoming Regenerative Farming Accelerator, where Kennedys is a founding partner. “When we work together, amazing things can happen,” she noted.
The rising importance of the 'S' in ESG
While ESG has become a central focus for C-Suite and Board agendas, much of the attention remains on environmental concerns. However, the session emphasised that social challenges are intrinsically linked to environmental impacts. Addressing climate change as a multi-dimensional issue allows organisations to develop holistic strategies, acknowledging that social and environmental issues are interconnected and require a collective response.
Looking forward
The event shed light on individual and industry-wide actions to support climate resilience and social equity. Many attendees found inspiration in the discussions, particularly around the idea of giving voice to activists who advocate for a Just Transition. As the impacts of climate change continue to unfold, the insurance sector has a unique role to play in safeguarding both people and the planet.