CIA (e)Bulletin/(e)Bulletin de l'ICA
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December 2015

My Resolutions for 2016

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By Karen Lockridge, FCIA

I can’t recall the last time that I thought about resolutions, though, it likely would have been to stop drinking coffee. I still drink coffee, and plan to continue, so on to other topics . . .

Over the past three years, I have been increasingly consumed by the topic of climate change, and related environmental and social challenges. This past year, I had the good fortune of being on the core team that produced Mercer’s research report: Investing in a Time of Climate Change. A deep dive into climate science and exposure to a broad range of thought leaders and organizations leading on climate action have given me a strong conviction about the nature of climate-related systemic risk, and the need for urgent mitigation and adaption action. If you are interested in learning more yourself, check our committee's research paper: Climate Change and Resource Sustainability – An Overview for Actuaries.

The Paris Agreement coming out of COP21 has laid out an ambitious path to keep warming below 2°C, and possibly to 1.5°C, and it provides a framework for monitoring and ramping up of commitments over time to achieve these long-term goals. I am optimistic about the world’s collective will and ability to meet these goals while providing the opportunity for sustainable development for all.

The path forward will not be easy for Canada or any other nation. The hard work on policy development and implementation now begins. With this backdrop, here are my resolutions for 2016:

  • Connect with younger actuaries – The younger generation are our leaders of the future. They will inherit the world we leave behind. I’d like to spend more time in 2016 hearing their perspective on climate change.
  • Collaborate with other organizations – My professional network has expanded massively in the last three years as I became more involved in sustainability-related topics. Our Climate Change and Sustainability Committee has benefited immensely from collaboration with other actuarial organizations through sharing ideas and material. More of this for 2016!
  • Write more articles and give more speeches – I have been telling myself this for ages. Writing takes time, particularly when my thoughts and views need clarifying. But clarity is exactly the purpose of spending the time. Effective communication is well-thought-out and prepared. 
  • Appreciate nature – I have always enjoyed spending time in nature, but recently I have felt a new appreciation for its grandeur and also the fragility of the environment, the animals, and ecosystems. I find now that I enjoy walking slowly in nature and enjoying the smell and colour of the trees!

On that note, I hope that all of you are able to spend time in nature with your family and friends over the holidays. All the best for 2016!

Karen Lockridge, FCIA, is a director on the Board and Chair of the Climate Change and Sustainability Committee.


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