Fidelis joins ClimateWise

Fidelis Insurance Holdings has become a member of ClimateWise, which represents a global network of insurers, reinsurers, brokers and industry service providers, with a commitment to lead the industry in responding to the risks and opportunities of climate change. It is a voluntary initiative, driven by its members and facilitated by the University of Cambridge Institute for Sustainability Leadership.

The ClimateWise Principles require members to disclose their responses to the risks and opportunities of climate change and are aligned with the Task Force on Climate-related Financial Disclosure requirements. As a member of ClimateWise, Fidelis will report annually on actions taken in support of these principles.

Olivia Brindle, head of sustainability at Fidelis, said: “Fidelis is committed to transparency around its sustainability initiatives, and to following a recognised industry disclosure standard. Membership of ClimateWise will provide valuable feedback on our actions relative to peers, as well as enabling us to take part in research collaborations which support the insurance industry on its path towards net zero.”

In May, Fidelis announced that it had joined the Net-Zero Insurance Alliance, convened by the UN Environment Programme’s Principles for Sustainable Insurance Initiative. Fidelis said the move highlights its commitment to supporting the insurance industry’s transition to net-zero underwriting by 2050.

Fidelis is a privately-owned, Bermuda-based holding company that, through its subsidiaries, is a global provider of property, bespoke and specialty insurance and reinsurance products.