Questions to stakeholders:
Q1: Do you agree that it is important to foster a forward-looking management of climate change risk by insurance undertakings? Please explain.
Q2: Do you agree that Annex 2 provides a balanced view of the costs and benefits of the draft Opinion? Please explain and provide any suggestions.
Q3: Do you agree that undertakings should in their ORSA not only assess climate change risks in the short term, but also in the long-term to inform strategic planning and business strategies? Please explain.
Q4: Paragraph 3.3 specifies that the time horizion of the long-term scenario analysis could be longer than the time horizons currently considered by undertakings in their ORSA, for example a magnitude of decades may be appropriate. Is this explanation in your view adequate or should the explanation be more or less specific? Please explain.
Q5: Do you think that the examples in Annex 3 and Annex 4 cover the main transition and physical risks to which undertakings may be e
…