INSURANCE
The insurance sector is directly impacted by climate change, with increasing claims from extreme weather events and natural disasters. These "1-in-a-100-year events" are becoming more frequent, threatening the industry's profitability and sustainability. Membership in the Scorpion’s Tail Club allows senior insurance leaders to exchange insights on emerging risks and innovative solutions that may not be acceptable to share with a mainstream audience. By working together in a discreet manner, they can influence policy and regulatory changes that better reflect the gravity of the evolving risk landscape and ensure that the industry that employs them and that’s a cornerstone of our economic system, can continue to provide essential coverage and protection in a changing climate.
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Chief Underwriting Officer (CUO)
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The CUO manages the underwriting process, including risk assessment and pricing. Engaging with the Scorpion’s Tail Club helps them stay informed about emerging climate risks and develop innovative underwriting solutions.
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Chief Executive Officer (CEO)
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The CEO leads the overall strategy and direction of the insurance company. Joining the club enables them to drive the company’s adaptation to climate change, ensuring long-term profitability and market leadership.
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Chief Sustainability Officer (CSO)
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The CSO leads initiatives to incorporate sustainability into business practices. Participation in the club helps them stay informed about the latest climate risk trends and regulatory changes, ensuring that the company remains proactive and resilient in the face of increasing climate-related claims.
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4 reasons INSURANCE professionals should join:
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Better prepare for the impacts of climate change
The insurance sector is directly affected by climate-related events, with increasing claims from natural disasters and extreme weather posing immediate financial risks to insurers. As a Club member, you gain leading-edge insights & strategies that can help you better prepare.
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Leverage your risk management expertise
Insurers are fundamentally in the business of risk assessment and management. Joining the club aligns with your core expertise and enhances your ability to anticipate and mitigate emerging climate risks.
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Influence & adapt to regulatory requirements
The insurance industry is heavily regulated, and there is growing pressure to incorporate climate risks into their regulatory frameworks. Being part of the club enables you to influence and stay ahead of regulatory changes.
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Integrate sustainability for greater resiliency
Insurers are increasingly integrating sustainability into their business models. Participation in the club provides an opportunity to lead and shape industry standards and practices in this area.
BANKS
Banks play a pivotal role in the global economy, and when their financial health comes into question as will increasingly happen as climate change impacts their loan portfolio, the consequences can be painful but not catastrophic to the profitability of individual banks. But the growing frequency of "1-in-a-100-year events" can threaten the very solvency of the entire banking sector if entire business segments fail. By joining the Scorpion’s Tail Club, senior banking executives can exchange insights on emerging risks and innovative solutions that may not be acceptable to express to a mainstream audience. Through discreet interactions, members can build alliances to influence policy and regulatory changes that better reflect the gravity of the evolving risk landscape, signaling to investors and borrowers alike that the banking sector is proactively preparing for a climate impacted future.
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Chief Risk Officer (CRO)
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The CRO is responsible for identifying, assessing, and mitigating risks to the bank. Joining the Scorpion’s Tail Club provides valuable insights and strategies to manage climate-related risks, ensuring the bank’s resilience and stability.
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Chief Financial Officer (CFO)
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The CFO oversees the financial operations and strategy of the bank. By participating in the club, they can better understand the financial impacts of climate change and incorporate sustainability into the bank’s financial planning and reporting.
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Chief Sustainability Officer (CSO)
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The CSO is responsible for developing and implementing the bank’s sustainability strategy. Joining the Scorpion’s Tail Club provides them with access to best practices and collaborative opportunities to integrate climate risk management into the bank’s operations and strategy.
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4 reasons BANK professionals should join:
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Optimize risk management
Banks are highly exposed to climate-related financial risks through their loan portfolios and investments. Being a member in the Club helps you better understand and mitigate these risks.
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Better anticipate regulatory pressures
Banks face increasing regulatory pressures to incorporate climate risk assessments into their financial stability frameworks. As a Club member you have the opportunity to influence & foresee regulatory requirements.
3
Build your reputation to match demand
There is growing demand from stakeholders, including customers and investors, for banks to demonstrate leadership in sustainable finance and climate risk management. As a Club member you can better position yourself for where the market is going.
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Manage financial impact
Climate-related events can significantly impact the value of assets and the creditworthiness of borrowers, making it critical for banks to engage in proactive risk management strategies. Club members shaping the environment within which business takes place are best positioned to control financial outcomes.
Investors
Investors are increasingly aware of the financial implications of climate change and the need for sustainable investment practices. Extreme climate events can disrupt markets and devalue assets, posing significant threats to investment returns. The Scorpion’s Tail Club provides prominent, industry trend-setting investors with a platform to stay ahead of these challenges by collaborating on best practices and influencing regulatory frameworks that will ensure long term solvency. Additionally, participation in the club signals a commitment to responsible investing, helping to attract capital from stakeholders who prioritize sustainability and long-term value creation.
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Portfolio Manager
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A Portfolio Manager is responsible for making investment decisions and managing the portfolio(s). By joining the club, they can stay ahead of climate-related risks and opportunities, ensuring robust and sustainable portfolio performance.
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Chief Investment Strategist
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The Chief Investment Strategist develops and communicates the firm’s investment strategy. Engagement with the Scorpion’s Tail Club enhances their ability to incorporate climate risk considerations into strategic planning, aligning investment strategies with long-term sustainability goals.
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Chief Sustainability Officer (CSO)
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The CSO oversees the integration of sustainability into investment decisions and practices. Engaging with the Scorpion’s Tail Club allows them to network with peers, share insights, and influence the development of regulatory frameworks that promote sustainable investing, enhancing the firm’s reputation and investment performance.
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4 reasons INVESTMENT professionals should join:
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Manage portfolio risk
Investors need to manage the risk of climate-related events that can affect the value of their investments. Engaging in the club can help you stay ahead of these risks and capitalize on sustainable investment opportunities.
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Align ESG-related considerations
There is a growing trend toward integrating Environmental, Social, and Governance (ESG) factors into investment decisions, and participating in the club aligns with this trend. Club members are amongst the first to see latest ESG trends so you can align with them ahead of the curve.
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Influence & Advocacy
Investors have the potential to influence corporate behavior and policy changes through their investment choices and advocacy. As a Club member you are also an integral member of a valuable platform for collaboration and impact.
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Synchronize with market demand
Similar to banks, investors face increasing demand from stakeholders for responsible and sustainable investing practices. Being part of the Scorpion’s Tail Club provides the early indicators you need to enhance your reputation and align your strategies with market expectations.
PENSIONS
Climate change introduces systemic risks that can significantly undermine the value of long-term investments intended to secure the retirement futures of hundreds of millions around the world. Club members can engage with other pension professionals regarding the long-term benefits of proactive risk management which is essential in light of the scientific consensus projecting that today's tail risks will become tomorrow's routine occurrences in a climate changed future. This enables preparation of enhanced investment strategies, regulatory preparedness, and fulfilling fiduciary duties, so they can protect and enhance portfolio performance while ensuring that investments contribute to a sustainable and resilient future.
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Chief Investment Officer (CIO)
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The CIO is responsible for managing the pension fund’s investment portfolio. By joining the club, they can gain access to cutting-edge discussions on integrating climate risk into investment strategies, protecting and enhancing portfolio performance and perhaps most importantly, influence regulatory frameworks.
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Head of ESG (Environmental, Social, and Governance)
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The Head of ESG oversees the implementation of sustainable investment practices within the pension fund. Participation in the Scorpion’s Tail Club would provide valuable insights into emerging ESG trends and regulatory developments, helping to align the fund’s investments with sustainability goals.
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Chief Sustainability Officer (CSO)
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The CSO in a pension fund is tasked with ensuring that the fund’s investments are sustainable and aligned with long-term environmental goals. By joining the Scorpion’s Tail Club, they can collaborate on innovative investment strategies that account for climate risks, safeguarding the fund’s performance and beneficiaries’ interests.
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4 reasons PENSION professionals should join:
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Proactive risk management
Pension funds have a long-term investment horizon that mandates their management and mitigation of long-term [climate] risks so they can ensure the stability and security of their investments over time. Engaging with other Club members ensures opportunities to work on collaborative strategies that help Club members stay ahead of emerging risks while shaping the future of the sector so they can best protect their beneficiaries' futures.
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Enhanced investment strategies
Despite a traditionally conservative approach, integrating climate risk considerations can enhance portfolio resilience and uncover new investment opportunities in sustainable and green assets. Club members can exchange insights into innovative investment strategies taking into consideration that the conservative approach may no longer provide the expected safe returns due to the increasingly frequent occurrence of what were once “1-in-100-year” events.
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Regulatory preparedeness
Pension funds are subject to strict regulations, but these regulations are evolving to include climate risk considerations. Being part of the club enables pension fund Club members to influence and adapt to new regulatory frameworks, ensuring they meet future compliance requirements and avoid potential penalties.
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Reputation & Fiduciary Duty
While the immediate financial impact may seem lower, the long-term systemic risks of climate change can be substantial. By demonstrating leadership in sustainable investing and climate risk management, pension fund Club members enhance their reputation, attract socially conscious investors, and fulfill their fiduciary responsibilities more effectively.