Summary
This document is a roadmap consultation from Lloyd's, outlining their strategy for supporting the transition to a low carbon economy. It aims to provide clarity to stakeholders regarding Lloyd's ambition to be the insurer of the transition, detailing how they will align with global policies and develop an oversight framework that addresses the complex needs of a global transition. The roadmap emphasizes the importance of understanding the risks associated with not transitioning and the need for a strategy that includes assessing transition plans and engaging with clients. It also highlights the necessity of providing key transition-focused toolkits to help the market build capabilities. The document sets forth a three-year plan that includes short-term actionable goals and emphasizes the importance of stakeholder feedback to ensure that Lloyd's meets market expectations. The roadmap will evolve in response to changing global policies and regulatory requirements, aiming to support managing agents in their progress towards sustainable practices.
