Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • May 2017
05

Calls for circular economy to be at heart of next government strategy

Open-access content Tuesday 9th May 2017 — updated 5.50pm, Wednesday 29th April 2020

The next UK government’s policy and legislative programme must prioritise the implementation of a circular economy strategy, according to a poll of 699 environment and sustainability experts by the IEMA

2

This involves keeping resources in use for as long as possible, and extracting the maximum value from them, before recovering and regenerating products/materials at the end of their service life.

Some 96% of those polled support this, and the same amount believe the government must place high importance on environment protection in trade deals, while 93% want all EU environmental law to apply in the UK after Brexit.

"It is essential that the next government puts in place a long-term, ambitious policy framework for transitioning the UK to a sustainable economy," IEMA chief policy advisor, Martin Baxter, said.

"As we make plans to leave the EU, high environmental quality standards must be maintained, enhanced and consistently enforced and used to create the conditions to support UK business exports."

The experts polled also gave a clear call for accelerating action to exceed carbon emissions reductions well before the target dates set out in the Climate Change Act.

In addition, 97% said the next government must prioritise resolving the environmental, health and well-being effects linked to air pollution - which is attributed to 40,000 deaths each year - with 45% saying this was critical.

Further key findings include:

• 97% believe the next government should place a high priority on driving sustainability into lifelong learning for the existing UK workforce
• Two-thirds say that national needs must take priority on major infrastructure development where there is conflict between national and local issues
• Over 92% support alternative measures beyond GDP in painting a picture of how well society is doing
• 81% support the UK retaining the UN international development aid target 0.7% or more of GDP
• 99% call for cross-party support on long-term sustainability agenda.

"The UK's sustainability experts have significant experience of delivering business and environmental performance improvement, and we look forward to working with the next government to maximise the opportunities from the transition to a sustainable economy," Baxter added.


Sign up to our free newsletter here and receive a weekly roundup of news concerning the actuarial profession

This article appeared in our May 2017 issue of The Actuary .
Click here to view this issue

You may also be interested in...

2

Number of FTSE 100 CEOs with tech backgrounds trebles in four years

The number of chief executives with backgrounds in technology at the UK’s biggest firms has trebled to one in ten over the last four years, according to Robert Half’s FTSE 100 CEO Tracker released today.
Tuesday 9th May 2017
Open-access content
2

Three quarters of workplace savers do not want 'triple default' pensions

Just one quarter of savers are happy to be auto-enrolled into a workplace pension scheme by default, making the default contribution and accepting the default investment choice.
Tuesday 9th May 2017
Open-access content
2

Zurich Actuarial Society kicks off with cliamte presentation

On 27 March, PartnerRe kindly hosted the launch event for the Zurich Actuarial Society (ZAS) – a regional community working with the IFoA.
Tuesday 9th May 2017
Open-access content
2

Global investors with $15trn in assets urge Trump to stand by Paris agreement

A total of 214 long-term institutional investors with over $15trn (£11.6trn) in assets under management have urged the G7 heads of state to stand by their commitments to tackle climate change.
Monday 8th May 2017
Open-access content
2

UK GDP rate set to be "subdued" as global growth picks up in 2017

The UK’s GDP is predicted to grow at a rate of 1.7% this year, and by 1.9% in 2018, according to forecasts by the National Institute of Economic and Social Research (NIESR) released today.
Wednesday 10th May 2017
Open-access content
2

Global health care benefit costs rising at increasing rate

The cost of employer-provided health care benefits worldwide are set to rise by 7.8% this year, up from 7.3% in 2016, according to a worldwide survey of medical insurers by Willis Towers Watson (WLTW).
Wednesday 10th May 2017
Open-access content

Latest from May 2017

2

Calls for social care fees to be capped at £60,000

Nine in ten people aged over 50 in the UK believe there should be a social care fee cap after PM Theresa May proposed to continue to charge anyone with more than £100,000.
Tuesday 6th June 2017
Open-access content
2

Service sector growth stalls but UK economy 'gains momentum'

The UK service sector experienced a slowdown in growth last month after hitting a four-month peak in April, according to the IHS Markit/CIPS UK Services PMI survey.
Tuesday 6th June 2017
Open-access content
2

Employees leaving UK businesses at risk of cyber attacks

Almost half of UK employees had just 30 minutes or less of cyber security training last year, and the same amount believe opening any email on their work computer is safe.
Tuesday 6th June 2017
Open-access content

Latest from small_opening_image

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from inline_local_link

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 05

2

Calls for social care fees to be capped at £60,000

Nine in ten people aged over 50 in the UK believe there should be a social care fee cap after PM Theresa May proposed to continue to charge anyone with more than £100,000.
Tuesday 6th June 2017
Open-access content
2

Service sector growth stalls but UK economy 'gains momentum'

The UK service sector experienced a slowdown in growth last month after hitting a four-month peak in April, according to the IHS Markit/CIPS UK Services PMI survey.
Tuesday 6th June 2017
Open-access content
2

Employees leaving UK businesses at risk of cyber attacks

Almost half of UK employees had just 30 minutes or less of cyber security training last year, and the same amount believe opening any email on their work computer is safe.
Tuesday 6th June 2017
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

BPA Transition Manager

London, England / Edinburgh, Scotland
£45000 - £65000 per annum + market leading bonus and benefits
Reference
148878

London Market Pricing Contracts - Inside & Outside IR35

London (Central)
£1000 - £1300 per day
Reference
148877

SME Pricing Director

London (Central), London (Greater)
£225K + bonus + benefits
Reference
148872
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ