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UK Insurance Group Tells Members to Act on Biodiversity Loss

  • Insurers’ net zero targets should include bearing on nature
  • Biodiversity impacts are location specific and hard to measure
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A British insurance group is pushing its members, which include Allianz SE, Aviva Plc and Chubb Ltd., to step up their efforts to fight biodiversity loss as part of their broader climate-related goals.

In a guide published Tuesday, the Association of British Insurers said members should incorporate biodiversity impacts in their climate transition plans and net zero targets. They also should consider offering new policies, such as those covering damage to natural infrastructure.