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The Actuary The magazine of the Institute & Faculty of Actuaries

WCA’s 2017 Phiatus award recognises green credentials


This year’s Worshipful Company of Actuaries (WCA) Phiatus award, which recognises significant charitable efforts, has gone to Nick Silver, also a liveryman, for his efforts in co-founding, along with Sean Kidney, the Climate Bonds Initiative.

This initiative aims to help create a market for green investments, and promote climate-resilient solutions. As such, it monitors and reports on developments within the field, has helped develop standards for the market, and provides policy models and advice.

In its first three years the initiative comprised just Nick and Sean, but has now established more of a presence and influence, growing to 50 members of staff. For many years, Nick has been interested in environmental issues, and has led various initiatives in this area for the actuarial profession, including chairing the resource and environment group for some years.

The Phiatus committee liked Nick’s commitment to the charity and the amount of time he has spent, unremunerated, on promoting the cause. He is a role model for how actuaries can support charities with time, effort and commitment rather than fundraising. As sustainable solutions aim to eke out the planet’s limited resources over a longer period, the Climate Bonds Initiative is clearly trying to facilitate a better future for the next generation. 

This issue is very much on the City’s agenda, notably through the Green Finance Initiative, chaired by master musician, former Lord Mayor Alderman Sir Roger Gifford. For more information, see greenfinanceinitiative.org