Lloyd’s of London Environmental, Social and Governance Guidance

ClientEarth has written to the Society of Lloyd’s to challenge the lack of transparency and enforcement mechanisms in its ESG Guidance. The letter questions how the Society will judge the adequacy of managing agents' climate strategies, whether it will require the publication of targets, and what specific actions will be taken if agents fail to meet net-zero goals or continue providing cover for high-carbon activities like coal and Arctic oil.

• ClientEarth argues that the Society of Lloyd’s has not provided clarity on how it will evaluate the adequacy of climate strategies set by managing agents or the practical steps it will take when strategies are deemed not credible.
• The document questions whether the Society of Lloyd's will require managing agents to publish their ESG strategies and climate targets, noting that emissions data for individual agents and syndicates will not be disclosed under the Sustainability Transparency and Reporting regime.
• The letter asks for clarification on whether managing agents are still expected to comply with non-mandatory targets regarding coal, tar sands, and Arctic oil established in the 2020 ESG Report.
• ClientEarth expresses concern that without a clear oversight approach, the Society's public commitment to transition the Lloyd's market to net-zero emissions by 2050 may be "mere greenwash".

APA

Etherton, J., & Eziefula, D. (2022). Lloyd’s of London Environmental, Social and Governance Guidance. ClientEarth. https://www.clientearth.org/media/q24j4cmh/clientearth-letter-to-lloyd-s-on-operation-of-esg-guidance-11-february.pdf

Chicago

Etherton, Joanne, and Dan Eziefula. Lloyd’s of London Environmental, Social and Governance Guidance. ClientEarth, 2022. https://www.clientearth.org/media/q24j4cmh/clientearth-letter-to-lloyd-s-on-operation-of-esg-guidance-11-february.pdf.

Wikipedia

{{cite press release |last1=Etherton |first1=Joanne |last2=Eziefula |first2=Dan |title=Lloyd’s of London Environmental, Social and Governance Guidance |publisher=ClientEarth |date=11 February 2022 |url=https://www.clientearth.org/media/q24j4cmh/clientearth-letter-to-lloyd-s-on-operation-of-esg-guidance-11-february.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{etherton2022lloyds, author = {Etherton, Joanne and Eziefula, Dan}, title = {{Lloyd’s of London Environmental, Social and Governance Guidance}}, publisher = {ClientEarth}, year = {2022}, month = feb, url = {https://www.clientearth.org/media/q24j4cmh/clientearth-letter-to-lloyd-s-on-operation-of-esg-guidance-11-february.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }