As sustainability becomes a central focus in corporate strategy, businesses are eager to showcase their environmental credentials to appeal to investors, consumers and regulators. But not all that glitters is green. The rise of greenwashing – the exaggeration or fabrication of eco-friendly practices – has become a significant challenge, eroding trust and distorting critical data […] The post Unmasking Greenwashing with AI appeared first on Actuaries Digital ..read more

Last August, the Climate and Sustainability Practice Committee provided an update that Australian Sustainability Reporting Standards were in the process of being finalised, and ran the profession through the content of the key standard: AASB S2 Climate-related Disclosures. In this article, we’ll take you through the voluntary standard AASB S1 General Requirements for Disclosure of […] The post Australian Sustainability Reporting Standards: Foundations and Future appeared first on Actuaries Digital ..read more

The Australian Actuaries Climate Index (AACI) for spring 2024 shows extreme high sea levels and unusually warm minimum temperatures. The AACI shows that sea levels were unusually high in the spring of 2024. This was especially notable in the Monsoonal North region, which covers most of the northern part of Australia, where the highest ever […] The post Spring Brings High Sea Levels and Warm Nights appeared first on Actuaries Digital ..read more

The actuarial profession has been building its capacity and profile in climate and sustainability. Rade Musulin represented the Institute at COP29 as the International Actuarial Association’s delegate, identifying new opportunities for the profession.  I was once again honoured to represent the global actuarial profession at the 29th Conference of Parties (COP) climate summit, held this […] The post COP29 Update – Actuaries Ramping Up Climate and Sustainability appeared first on Actuaries Digital ..read more

With the first Global Nature Positive Summit to be held in Sydney in October 2024, now it’s the perfect time to assess Australia’s biodiversity challenges. The Department of Climate Change, Energy, Environment and Water (DCCEEW) administers the Environmental Protection and Biodiversity Conservation Act (EPBC Act)[1].  The Act refers to living things, habitats and places that […] The post Preserving Biodiversity in Australia: How Actuaries Can Help appeared first on Actuaries Digital ..read more

The global economy is fundamentally reliant on a healthy and functioning natural world. From the raw materials that fuel industries to the ecological processes that regulate climate and water resources, nature provides a vast array of services, often termed ecosystem services. These services underpin trillions of dollars in economic activity yet are frequently overlooked in […] The post Taskforce for Nature-Related Financial Disclosures: What Actuaries Need to Know appeared first on Actuaries Digital ..read more

Climate finance refers to financing that supports mitigation and adaptation actions to address climate change[1]. The Paris Agreement calls for financial assistance from parties with more financial resources than those that are less endowed and more vulnerable, recognising that countries vary enormously in their capacity to mitigate climate change and their ability to cope with […] The post Climate Finance: Tracking the Funding of our Future appeared first on Actuaries Digital ..read more

In his testimony before the U.S. Senate Committee on the Budget, Rade Musulin discussed the U.S. insurance system’s challenges, the impact of climate change and lessons from Florida’s approach. I recently had the distinct honour of testifying before the U.S. Senate Committee on the Budget in Washington D.C. This opportunity allowed me to share insights […] The post My U.S. Senate Testimony on Insurance and Climate Change appeared first on Actuaries Digital ..read more

A call to action for economic sustainability, poverty eradication, and inclusive growth amid global challenges. This is the final instalment of our series discussing the United Nations (UN) Sustainable Development Goals (SDGs), and explores SDGs under the heading of economy.[1] You can catch up on the previous articles in the series here: An overview of […] The post Global Challenges, Local Solutions: Advancing Economic Sustainability and Equality appeared first on Actuaries Digital ..read more

The Australian Actuaries Climate Index (AACI) results for the summer of 2023/24 show that both low and high temperatures were warmer than usual. In addition, high levels of extreme rainfall and wind were observed in the north east.  The AACI shows that the latest season brought extreme weather in the form of warm temperatures and […] The post A Summer of Warm Temperatures and Wild Weather in the East appeared first on Actuaries Digital ..read more