The ClimateWise Principles have provided a framework for the insurance industry to disclose climate-related risk and opportunity since 2007. All ClimateWise members report annually against this framework. Reports are independently reviewed, scored and anonymised in a combined report to form the ClimateWise Principles Independent Review.
In 2018, in response to the release of the TCFD Recommendations, the framework was fully aligned to the Recommendations whilst retaining the closely held values of the ClimateWise membership to inform policy and raise public awareness of climate change. The updated ClimateWise Principles reflect the ambition of members to be accountable on their climate response and support the wider insurance industry to follow suit.