Updates

Lloyd’s of London’s climate roadmap falls short

July 29, 2021

Lloyd’s of London released its climate action roadmap. While it includes some welcome steps, Lloyd’s falls short of tackling its role in the climate crisis.

Lindsay Keenan, European Coordinator for Insure Our Future, commented: “Acknowledging the scale of the climate crisis while continuing to profit from insuring coal, oil and gas projects is unethical, at best. But that’s exactly what Lloyd’s is doing. Lloyd’s -along with AIG and Tokio Marine – remains an insurer of last resort for coal mines and power plants that are destroying the planet and killing people. This cannot be ignored or greenwashed over. While we welcome Lloyd’s commitment to develop new risk transfer solutions for green innovation, addressing the climate crisis at scale requires the global insurance industry to immediately stop insuring all thermal coal and all new oil and gas development, and divest its $30 trillion capital from fossil fuels and direct those towards sustainable investment opportunities.”

Get the latest campaign updates on coal, climate and insurance.

  • UnfriendCoal will use the information you provide on this form to provide campaign updates. By submitting this form, you are accepting to receive emails from us. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at peter@sunriseproject.org.au. We will treat your information with respect. For more information about our privacy practices please visit our Privacy page. By clicking below, you agree that we may process your information in accordance with these terms.

    We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.