Climate Change and Investments: Making the Process Transparent

Authors

Brian Kaul
Ed Toy
Kathy Huong, FSA, MAAA
Patricia Matson, FSA, MAAA

Description

This report will explore metrics and assessment tools used by insurance companies and asset management firms in the U.S. to measure the climate risk exposures in their investment portfolios and see how they disclose the results. In addition, it will explore how companies may be able to use similar climate risk assessment tools in Asset-Liability Management and Risk Management.

Materials

Climate Change and Investments Making the Process Transparent

Acknowledgments

The researchers’ deepest gratitude goes to those without whose efforts this project could not have come to fruition: the Project Oversight Group and others for their diligent work overseeing questionnaire development, analyzing and discussing respondent answers, and reviewing and editing this report for accuracy and relevance.

Project Oversight Group Members:

Laura Bass, FSA, MAAA
Timothy Cheng, ASA, CERA
Bronwyn Claire, PhD
Bob Collie, FIA
Sophie Feng, FSA, CERA
Bryan Liu, FSA, FCIA
Qian (Sen) Zhou, FSA, FCIA

At The Society of Actuaries Research Institute:

Rob Montgomery, ASA, MAAA, FLMI

The Society of Actuaries Research Institute would like to acknowledge the generous contribution of the SOA Investment Section and The Committee on Finance Research to the funding of this research project.

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