Scor Se · EURONEXT:SCR
Scor — ESG Presentation (November 2020)
29 slides from Scor's sustainability presentation, Nov 4, 2020
Slide 1: Biodiversity and the Re/Insurance Industry: from Uncertainty to Risk
Biodiversity and the Re/Insurance Industry: from Uncertainty to Risk SCOR SE CSR Committee - Presentation Jules Chandellier – November 4th, 2020
Slide 2: Executive Summary
Executive Summary • This study will be leveraging on the Museum’s scientific expertise and on SCOR’s experience of the re/insurance industry to create space for discussion on addressing biodiversity erosion topics in the re/insurance industry. • The scope of the study includes the indirect interacti
Slide 3: Agenda
Agenda 1. Museum & team presentation 3. The Study: A public-private partnership to explore 2. Context: Does biodiversity matter to business ? the interactions between re/insurance and biodiversity 1. A partnership between a research centre and a 1. Biodiversity & ecosystem services underpin human re
Slide 4: Museum & team
1 Museum & team SCOR FOUNDATION - MUSEUM NATIONAL D'HISTOIRE NATURELLE 4 NOVEMBER 2020
Slide 5: The Muséum National d'Histoire Naturelle
The Muséum National d’Histoire Naturelle The Muséum is a research centre with a clear objective: to make knowledge about the natural world accessible to everyone and to make as many people as possible aware of the importance of protecting our planet. 13 sites in France Jardins des Plantes Parc Zoolo
Slide 6: MNHN – Team presentation
MNHN – Team presentation Project Team Scientific Council Nirmala Seon-Massin – Director of the Expertise Department Nirmala.seon-massin@mnhn.fr After a PhD in Evolutionary ecology obtained in 2006, Nirmala has dedicated her career to the Sciences and environmental Sara Aguiton scientific support of
Slide 7: Context: Does biodiversity matter to business?
2 Context: Does biodiversity matter to business ? SCOR FOUNDATION - MUSEUM NATIONAL D'HISTOIRE NATURELLE 7 NOVEMBER 2020
Slide 8: Biodiversity & Nature's contribution to people underpin human existence
Biodiversity & Nature’s contribution to people underpin human existence Nature supports quality of life by providing basic life support for humanity, as well as material goods and spiritual inspiration Definitions Simplified model of interactions between nature & humans Nature = the natural world, w
Slide 9: Biodiversity is severely declining, and with it, all vital contributions to people
Biodiversity is severely declining, and with it, all vital contributions to people The global rate of species extinction is already at least tens to hundreds of times higher than the average rate over the past 10 million years and is accelerating All biodiversity indicators are red … … causing an in
Slide 10: Our values and behaviours are at the root of direct and indirect drivers of change on nature
Our values and behaviours are at the root of direct and indirect drivers of change on nature Values and behaviors underpin changes in societies, which lead to the way human activities are undertaken defining the drivers of change on nature VALUES / BEHAVIOURS Comments • Economic incentives have gene
Slide 11: Our social and economic model, as we know it today, is at risk
Our social and economic model, as we know it today, is at risk Recently, a series of catastrophic events have shown that biodiversity conservation is a non-negotiable and strategic investment to preserve our health, wealth and security Our economies are embedded within nature… Examples of ecosystem
Slide 12: Companies are facing hidden risks
Companies are facing hidden risks Companies from all sectors will increasingly be facing different types of nature-related risks Global Risks Landscape 2020 3 manners how biodiversity loss creates risks for businesses 1. Dependency of business on biodiversity When businesses depend directly on natur
Slide 13: What about the re/insurance industry?
What about the re/insurance industry ? As biodiversity is a global trend with global consequences, the financial sector and the insurance industry could be impacted, thus the growing concern of these actors. From the specificities of the re/insurance industry… … to the problematics on biodiversity e
Slide 14: The Study: A public-private partnership
3 The Study: A public-private partnership to explore biodiversity and re/insurance interactions SCOR FOUNDATION - MUSEUM NATIONAL D'HISTOIRE NATURELLE 14 NOVEMBER 2020
Slide 15: A partnership between a research centre and a reinsurer
A partnership between a research centre and a reinsurer Creating a dialogue between the scientific community and the re/insurance industry to build a crucial expertise on an emerging risk Three actors One study Global reinsurance company, with LIFE and P&C underwriting, and Joint study between SCOR
Slide 16: A global approach to frame and structure the topic for companies
A global approach to frame and structure the topic for companies 2 key questions leading to a 2-step approach to support re/insurance players to understand and address biodiversity Biodiversity and the Re/Insurance Industry: from uncertainty to risk What does the scientific community know about Does
Slide 17: Part 1. Raising Awareness
Part 1. Raising Awareness A scientific review of biodiversity knowledge and human activities interdependencies Introduction to biodiversity & nature’s contribution to people concepts and dynamics a. Definitions of biodiversity & ecosystem services b. State of biodiversity loss c. Indirect and direct
Slide 18: Status and Trends - Nature's Contributions to People (NCP)
Status and Trends - Nature’s Contributions to People (NCP) Illustration Differentiation of Potential NCP, Realized NCP, Output, and Impact on Good Quality of Life The figure illustrates the relationship between potential NCP, realized NCP, output, and impact on good quality of life. Ecosystems, as a
Slide 19: Status and Trends - Nature's Contributions to People (NCP)
Status and Trends - Nature’s Contributions to People (NCP) Illustration Illustration: Food production Natural Impact on Good Potential NCP Realized NCP Risks for systems / Quality of Life the Biodiversity • Increasing global production of food • Decrease in hunger since 1970, though coporate Increas
Slide 20: Further scientific research are required to continue filling the knowledge gap
Further scientific research are required to continue filling the knowledge gap Illustration From genes to policy making, research perspectives are emerging to always better understand our link to biodiversity and how to live in harmony Biodiversity Human activities – biodiversity interactions Modell
Slide 21: A growing interest and concern of the insurance industry
A growing interest and concern of the insurance industry Illustration Reports on biodiversity from the insurance industry Other examples of rising initiatives Call for action • Insuring a sustainable future : protecting UNESCO World Heritage Sites proactively through insurance Task force on biodiver
Slide 22: Part 2. Building bridges
Part 2. Building bridges Understanding if re/insured activities impact biodiversity and if they face biodiversity loss related risks and/or opportunities Mapping biodiversity & re/insurance interactions a. P&C c.f. slide 23 b. LIFE c. Investment Impacts of re/insured activities on biodiversity c.f.
Slide 23: Biodiversity and re/insurance interactions: illustration
Biodiversity and re/insurance interactions: illustration Illustration Mapping interactions - illustration Adapted from: Beyond 'Business as Usual': Biodiversity Targets and Finance Managing biodiversity risks across business sectors, UNEP SCOR FOUNDATION - MUSEUM NATIONAL D'HISTOIRE NATURELLE 23 NOV
Slide 24: Biodiversity footprint of economic sectors
Biodiversity footprint of economic sectors Illustration Ranking the dependencies & impacts to prioritize action Different methodologies to assess business sectors’ exposition to biodiversity-related dependencies and impacts Allianz UNEP – Natural Capital Finance Alliance WWF, ENCORE data Where busin
Slide 25: Example: Assessing biodiversity-loss related risk exposure of financial institutions
Example : Assessing biodiversity-loss Illustration related risk exposure of financial institutions De Nederlandsche Bank and PBL Netherlands Environmental Assessment Agency explore in this report how and to what extent financial institutions are exposed to risks from loss of biodiversity Physical ri
Slide 26: Project Charter: biodiversity & re/insurance
Project Charter : biodiversity & re/insurance 10 months to present an overview of the incentives and challenges the re/insurance industry will face to address biodiversity in their business practices Biodiversity & Re/insurance : from uncertainty to risk • Pushing back the limits of insurability SCO
Slide 27: Next Steps
4 Next Steps SCOR FOUNDATION - MUSEUM NATIONAL D'HISTOIRE NATURELLE 27 NOVEMBER 2020
Slide 28: What's next?
What’s next ? Scoping and prioritizing the issues from the business perspective • With SCOR P&C businesses to review the risks of biodiversity erosion and to discuss Environmental Insurance Lines, SCOR LIFE to understand the impact of biodiversity erosion on human health and life insurance, SCOR IP
Slide 29: MERCI
MERCI Presentation of the conclusions of the study: CRSE - 22.02.2021 Symposium: 09.03.2021