Climate Risk and Resilience

Climate risk is business risk

De-risking the climate response

Climate change will shape the future of your business.

For some, technological revolution will prove a bankable opportunity. For others, climate risk is an existential threat. Every organisation needs a plan.

Our Climate Risk & Resilience team combines business strategy, risk management, financial markets and climate science expertise to help you understand your climate risks, build resilience, and use insurance solutions to de-risk your future.

With our climate risk solutions, we will help you thrive in the next new normal.

We can help you to:

Assess threats and risk management options
Spot opportunities to adapt and prosper
Unlock funding and lower your cost of capital
Keep up with climate regulation
Make a robust plan, de-risked with insurance.

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World-class problem solvers

The Climate Risk and Resilience team sits at the very heart of Howden, as part of our concerted effort to ensure all of our clients are properly protected and prepared.

We’re a team of over 70 world-class experts, based in the UK, Europe, Asia, North and South America.

We bring you specialist advisors in climate science, insurance and the financial markets, with a blend of backgrounds including the private and public sectors, academia and humanitarian organisations.

This depth and breadth of expertise is a strong driver of innovation, allowing us to design and deliver effective solutions.

We'll help you understand your climate risks, build resilience, and use insurance solutions to de-risk your future.

We have a track record of delivering world-first solutions. We’ve created risk transfer products that didn’t exist before, using out-of-the-box thinking for our clients

What we're doing

Just a few examples of how we're using insurance to support the climate response.

Accelerating the transition to net zero with risk transfer solutions

Our combined insurance, financial markets and climate expertise means we’re uniquely positioned to develop innovative risk transfer solutions.

Our insurance and capital solutions de-risk projects, lowering the cost of capital and helping projects achieve debt and equity financing, to accelerate the transition to a net zero future.

Our risk solutions focus on four key core areas:

Financing the Energy Transition
Adapting to increasingly volatile weather
Securing the Carbon Markets
Protecting food systems and biodiversity

As well as bespoke solutions for individual clients, we have developed groundbreaking, market-making climate risk insurance products.

To date, these include insurance solutions for carbon capture and storage facilities (CCS), including leakage of carbon dioxide (CO2), as well as groundbreaking products for the Voluntary Carbon Market (VCM).

Supporting urban resilience planning

Focused on embedding insurance expertise at the heart of city resilience, the Global Risk and Resilience Fellowship (GRRF) is a joint initiative with the Sustainable Markets Initiative (SMI) and Resilient Cities Network (R-Cities).

It brings together city leaders with a deep understanding of urban resilience challenges and those with the expertise and resources to overcome those challenges. The objective being to collaboratively develop solutions that empower cities to build a safe, equitable and sustainable future for all.

As part of the Fellowship, Howden created the first-of-its-kind top talent secondment programme. placing five insurance professionals into five cities’ leadership teams for three to six months each.

Read the GRRF's 2024 report

Harnessing data and technology in climate risk management and resilience solutions

The Resilience Laboratory combines Howden’s deep sector expertise with Microsoft’s cutting-edge solutions to create advanced climate risk solutions for our clients to optimise the big decisions ahead.

Empowering businesses and the public sector, the Howden Resilience Laboratory is a collaborative space for our clients to understand the climate risks they face and make informed strategic decisions to de-risk climate and nature action.

Read about the Howden Resilience Laboratory.

Supporting conservation efforts and sustainable finance through insurance

Ahead of COP16 in Cali we launched "Through the Wilderness: The Role of Insurance in Unlocking Nature Finance" in collaboration with Pollination. The report highlights the potential of insurance to mitigate climate related risks, attract investments and address the biodiversity crisis.

Financing for nature needs to triple by 2030. The insurance sector has a key role to play in unlocking the capital needed to deliver on nature positive and net-zero ambitions. Nature also plays an integral role in building resilience to natural catastrophes but is underleveraged. Therefore nature finance must be unlocked at pace and at scale.

Read the report here.