Climate Contract Playbook Edition 3
152
1.3 The Policyholder shall provide to the Insurer no later than six months after the expiry of the Policy Period: a. its audited Annual Accounts which show compliance with the Disclosures; b. the Declaration made by the Policyholder evidencing compliance with the Disclosures and the absence of a Claim (in the form set out at Appendix 1); and c. any other documentation as agreed between the Policyholder and Insurer.
Appendix 1
Declaration of the Policyholder regarding Scope of Disclosure for the purposes of premium adjustment. The Policyholder confirms that the Annual Accounts for this policy year evidence the following agreed targets have been met: Governance • Board oversight of climate-related risks and opportunities. • Management involvement in assessing and managing climate-related risks and opportunities. Strategy • Identification of climate-related risks and opportunities for the Policyholder over the short, medium, and long term. • Disclosure of the impacts of climate-related risks and opportunities on the Policyholder’s businesses, strategy, and financial planning. • Disclosure of the resilience of the Policyholder’s business strategy taking into consideration different climate-related scenarios, including a transition to a lower-carbon economy consistent with a 2°C or lower scenario and where relevant, scenarios consistent with increased physical climate- related risks. Risk Management • Processes for identifying and assessing climate-related risks have been implemented. • Processes for managing climate-related risks have been implemented. • Processes for identifying, assessing, and managing climate-related risks are integrated into the Policyholder’s overall risk management. Metrics and Targets • Disclosure of the metrics used by the Policyholder to assess climate-related risks and opportunities in line with its strategy and risk management process. • Disclosure of greenhouse gas (GHG) emissions for which the Policyholder is responsible, and the related risks. • By signing this document, the Policyholder confirms that it, and/or its Directors and Officers have not been involved in any Claim in respect of any breach or alleged breach relating to the Disclosures and have no actual knowledge of any facts or circumstances that may lead to any such Claim.
I declare the truthfulness of the above. …………………………………………………..
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Signed Name Position
Date
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