Anonymous Lloyd's staff survey

Thank you for taking the time to fill out this survey. Its purpose is to understand staff views regarding Lloyd's contribution to global warming via the underwriting of expansionary coal, oil and gas projects in its marketplace, including the Adani Carmichael coal project in Queensland, Australia, and the impacts climate change is having and will have on the company.

It is anonymous and takes three minutes to complete.

This survey is organised by Market Forces, an independent environment group that advocates for finance and investment to be directed away from activities that harm the environment and towards activities that protect and enhance it.

1. Were you aware that Lloyd's marketplace allows the underwriting of coal, oil and gas expansion projects?*

Yes
No

Munich Re and Swiss Re warned at the end of 2017 that climate change threatens the entire business model of the insurance industry, due to actuaries being unable to model future risk based on past risk. In 2018 Insurance Australia Group and the NZ Reserve Bank both warned that large swathes of the globe are becoming uninsurable due to climate change.

2. Do you believe that it is in the insurance industry’s and therefore Lloyd's best interest to limit climate change as much as possible?*

Yes
No
Unsure

3. In October 2019, Lloyd's CEO John Neal said that Lloyd's would direct the market to not write certain kinds of business in "exceptional circumstances". Would you consider the climate crisis that humanity is facing as an exceptional circumstance?*

Yes
No
Unsure

4. Do you agree that Lloyd's should ban underwriting of activities that expand the coal, oil and gas industries, which are the main drivers of climate change, in its marketplace?*

Yes
No
Unsure

5. Since December 2018, 25 major insurance companies have publicly ruled out underwriting the Adani Carmichael coal project in Queensland. Do you agree that Lloyd's should join these companies by ruling out insurance for the Adani Carmichael coal mine/rail/port project in its marketplace? This project could open up a massive new thermal coal basin to mining.*

Yes
No
Unsure

Many major insurance companies, including Axa, Allianz, Chubb, QBE and Suncorp have started responding to increasing global warming risk by divesting their coal company shares and phasing out their underwriting of thermal coal.

6. Would you like to see Lloyd's phase out the underwriting of fossil fuels in its marketplace?*

Yes
No
Unsure

7. Confirmation: I am a Lloyd's staff member*

Yes
No

8. Any comments, questions or information you'd like to tell us?

9. If you would like to hear more about this campaign, or would like to be put in touch with colleagues who also want to push Lloyd's to do more on climate, please enter your email below. Your reply to this survey will remain anonymous and we won’t share your email address with anyone without permission.

Anonymous Lloyd’s staff survey

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