Environmental and Climate Change Risk

Our Environmental Risks team provides expert advisory and insurance services to help companies proactively manage all forms of environmental liability, from contaminated land to climate change. The team focuses on the following client scenarios:

Transactions – liabilities associated with the clean up of historical pollution can be material issues in M&A and Real Estate transactions.

Contracting works – remediation, development and other contracting activities can give rise to environmental liabilities.

Ongoing Operations – the environmental impacts of potentially polluting industries (e.g. manufacturing, engineering, chemicals) can be a material business risk (e.g. Bartoline).

Known and contingent contamination liability – dealing and managing known pollution and remediation using insurance can have favourable accounting benefits obligations including decommissioning / restoration / aftercare.

Climate Change – including carbon liabilities and adaptation risk (e.g. weather).

We are involved in shaping the global insurance industry’s response to the challenges posed by sustainability issues, including climate change, through our involvement with other global insurers in leading forums such as the UN Environment Programme Finance Initiative Insurance Working Group (www.unepfi.org).