Lloyd’s has launched a consultation on its proposed strategy for the next three years in relation to its plans on all aspects of sustainability including underwriting, investments, exposure management and capital and reserving. The move is aimed at assisting market participants in developing and aligning their own strategies.

John Neal (pictured), CEO at Lloyd’s, said: “We hope that in setting out this consultation, the market will have greater clarity on the approach the Corporation is planning to implement, to support our customers in facing the challenges of transitioning to lower carbon business models.

“Our aim is to give our market participants greater confidence in setting, embedding, and operationalising their own individual climate strategies, through the transition and beyond.”

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