Insurance Project Specialist, Science Based Targets Initiative

Science Based Targets
  • Location
    London, United Kingdom
  • Sector
    Non Profit
  • Experience
    Early Career / Mid Career
  • Posted
    Jan 17

Position description

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

Science Based Targets is a joint initiative by CDP, the UN Global Compact, the World Resources Institute (WRI) and WWF, in collaboration with the We Mean Business Coalition, intended to increase ambition on corporate climate action by driving the adoption of greenhouse gas emission reduction targets in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement. For more information please visit www.sciencebasedtargets.org

In November 2021, the SBTi launched a Financial Net-Zero Standard development process to complement and extend beyond the SBTi financial sector framework. In July 2022, a collaboration between the UNEP FI’s Net-Zero Insurance Alliance (NZIA) and SBTi Finance was launched to develop insurance underwriting specific guidance. 

NZIA members have committed to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions by 2050, consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100, in order to contribute to the implementation of the Paris Climate Agreement. They will individually set science-based targets every five years. This role will be seated in the SBTi-FI team and work directly with the NZIA on developing insurance underwriting targets.

 

https://sciencebasedtargets.org/finance

https://www.wri.org/climate

 

Job Highlight: 

 

You will assist in the development and integration of insurance underwriting into the SBTi Finance guidance and standards. The output of this work will be integrated into both the near-term target framework and the Net-Zero Standard for Financial Institutions (FINZ). You will be supported by the highly motivated Financial Institutions team at SBTi. You will report to the SBTi Finance Insurance Underwriting Project Manager.

 

What you will do:

 

Outreach, Engagement, and Partnership Management (30% time)

  •  Work in conjunction with SBTi partners to assist the Net-Zero target-setting method development process
  •  Use and maintenance of SBTi project management and collaboration tools (e.g., Asana, Slack, Google Drive, etc.)
  •  Support in coordination of the collaboration with the Net-Zero Insurance Alliance, public consultation and road-testing process with the Net-Zero Manager
  •  Support in managing responses to the insurance-specific inquiries

 

Methods Development (70% time)

  •  Support development of resources, specifically related to insurance underwriting, in the FI Guidance & Net-Zero Standard development process
  •  Produce high-quality documentation based on internal product and scoping requirements on Insurance Underwriting for the SBTi Standard for Financial Institutions
  •  Contribute to the updating of the SBTi financial sector criteria and framework

 

What you will need:

 

  • Education: You have completed a Bachelor’s in risk management, insurance, finance, business, economics, environment, sustainable development, administration, international relations, social sciences, law or related fields. 
  • Experience: You have 3+ years full-time relevant work experience in the insurance industry, ideally with climate and/or regulatory expertise. 
  • Experience in the insurance and reinsurance underwriting process (at least one year of experience) 
  • Experience in developing and promoting sustainable insurance strategies, approaches, products and solutions (encompassing insurance ESG risk management, net-zero insurance, insurance for low/zero-emission technologies, climate and disaster risk insurance, inclusive insurance and/or nature-positive insurance)
  • Ideally spanning both non-life and life/health lines of business
  • Prior experience at the international level in program management and stakeholder engagement is required. 
  • Prior experience in responsible investment is advantageous.  
  • Languages: You have verbal and written English proficiency.
  • Requirements: Existing work authorization is required where this position is based. WRI is unable to authorize visa work authorization. 

Application instructions

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