The working group reviewed 2025 deliverables, including the LMA/KPMG “Underwriting the Transition” report, PRA CP10/25 workshops, and examples of climate litigation risk management. For 2026, members agreed key objectives: supporting market implementation of CP10/25 requirements, developing a climate scenario playbook to guide strategic decisions and highlight transition risks, creating scenario narratives for market discussions, and establishing a nature-related financial risk taxonomy using UNEP publications as a starting point. Lloyd’s Actuarial Oversight team shared insights from the 2024 climate change questionnaire, noting strong market maturity in physical risk management, moderate progress in litigation risk, and lower maturity in transition risk. Members also discussed next steps, including presenting agreed objectives to the November LMA Sustainability Committee.