Environmental, social and governance (ESG) considerations are a rapidly growing aspect of businesses within the insurance industry and have a significant impact on the way the market functions. This will only increase in relevance.

We recognise the important role that we, at the Lloyd’s Market Association (LMA), must play in supporting the market to address climate change challenges and to help protect communities and economies from their increasing impacts.

The sustainability agenda has already formed a prominent part of all discussions at board level both among our members and within the LMA. We acknowledge our commitment to making the Lloyd’s market a better place and we will look to provide members with the tools needed to support you in the progression of sustainability strategies.

By offering resources and tools to support our members’ sustainability objectives, we will:

• Reinforce members’ ability to position the market as a place to foster innovations in products, distribution and capital structures to respond to client needs as they seek to do business more sustainably.
• Aim to provide tools and guidance for our members to showcase these benefits and growth opportunities, as well as supporting their transition strategies. 
• Support LMA stakeholder collaborations which can be utilised to provide services, support reporting standards, as well as risk analyses related to sustainability targets.
• Recognise the breadth of issues encompassed in sustainability and facilitate our members in generating creative solutions and opportunities across the full range of ESG impacts.

Sustainability Data Standard Resource for Insurers

Overview

The Sustainability Data Standard Resource, developed collaboratively by the LMA and the IUA, is a framework designed to streamline and standardise the collection of sustainability-related data in the insurance industry. This initiative responds to growing regulatory pressures, evolving client expectations and the fragmented nature of current sustainability data practices. The resource comprises 22 core sustainability data points, organised under three pillars – environmental, social and governance.

Why it matters

Climate change, social responsibility and ethical governance are now central to business strategy. For insurers and reinsurers, understanding clients’ sustainability credentials is increasingly vital – not just for regulatory compliance, but also for informed underwriting and portfolio management. However, the industry has faced challenges:

• Disparate data collection methods across carriers and brokers.
• Inconsistent metrics and definitions.
• High administrative burden on clients.
• Lack of transparency in how data is used.

The LMA-IUA resource addresses these issues by offering a common set of sustainability data points and definitions, promoting efficiency, consistency and clarity.

Access the resource 

• Download the Sustainability Data Standard tool

• Download the Sustainability Data Standard guidance

Related insights

• LMA/KPMG Underwriting the Transition report 
• CFO Risk and Sustainability Quarterly update
• LMA – Climate change and insurance: The evolving role of scenario modelling