Letter to the Society of Lloyd’s on ESG guidance and transparency in climate change policy
.PDF | 428kb
.PDF | 428kb
Letter to the Society of Lloyd’s regarding transparency in climate change policy
In October 2021, the Society of Lloyd’s (the “Society”) announced a new commitment for the Lloyd’s market to achieve net-zero emission by 2050. However, the Society has not published the detail of the action it is asking market participants to take to meet that commitment. That detail was included in ESG guidance issued to Lloyd’s managing agents, but the Society has (to date) not made that guidance public.
This letter from ClientEarth to the Society:
Sets out some minimum standards that any net-zero commitment by the Society should fulfil, based on its legal duties.