MS Amlin Underwriting Limited (MS AUL) has committed to achieve net zero carbon emissions by 2050.
According to the Lloyd’s global reinsurer, it will become carbon-neutral across all investments and underwriting operations, including Scope 1, 2 and 3 emissions.
The company has adopted the United Nations Sustainable Development Goals (SDGs) as a framework for its sustainability agenda. It will focus on three goals – gender equality; industry, innovation and infrastructure; and climate action. These goals were selected by MS AUL’s leadership collaboratively with the entire company.
MS AUL’s board also enhanced its sustainability governance by forming a multi-disciplinary sustainability committee. This committee oversees the development and delivery of a broad sustainability strategy. It has full support and delegated authority to ensure compliance with strategic sustainability targets and goals as they are developed. This adjustment to governance coincides with the appointment of Amir Sethu, MS AUL’s head of sustainability and ESG, to the managing committee of ClimateWise, an insurance sustainability network. Sethu joins Martyn Rodden, MS AUL’s director of strategy and transformation and a member of the ClimateWise advisory council.
“I’m proud to announce these developments and our clear commitment to helping tackling climate change, social inequity and enhance sustainability for communities today and tomorrow,” said Johan Slabbert, chief executive of MS AUL. “Our governance structure helps to deliver a sound framework for success, as well as support myself, our board and the executive, to have more visibility of the actions we take to achieve our target. This commitment is further enhanced, through our selection of our chosen SDGs, to give us a precise focus to our plans and initiatives.”