African Risk Capacity Ltd. CEO Lesley Ndlovu On The 2024 TIME100 Climate List
Time magazine names Africa Risk Capabilities Ltd. (ARC Ltd.) CEO Lesley Ndlovu to its 2024 TIME100 Climate List, recognizing him as one of the 100 most influential people in business One of the climate leaders.
Lesley was selected for his leadership of ARC Group’s innovative hybrid mutual insurance and financial subsidiary, which has been pioneering parametric insurance to enhance climate resilience in Africa.
As climate disasters have escalated in Africa over the past decade, ARC Ltd. has paid $230 million in claims to member countries and insured 50 million people.
Under Ndlovu’s leadership, ARC Ltd. has expanded its network of members, donors and partners, increasing access to affordable insurance across the continent and extending protection to marginalized communities such as refugees for the first time.
According to Time magazine, the selection process was influenced by the prominent theme of Climate Finance 2024 and focused on candidates demonstrating measurable, scalable achievements and near-term actions. Ndlovu was awarded the title in the Defender category, highlighting his leadership in protecting vulnerable African communities from climate risks.
His commitment to sustainable practices and tackling climate change is further demonstrated by his membership of the Board of Directors of the United Nations Principles for Sustainable Insurance and his involvement in the Glasgow Net Zero Finance Alliance.
Ndlovu said: “It is an honor to be included on the prestigious TIME100 Climate Change Makers list. This recognition highlights the critical role of innovative financial solutions such as parametric insurance in protecting lives and livelihoods from the escalating impacts of climate change. We remain committed To build climate resilience, we aim to expand coverage to all 55 African Union countries by 2034.”
Check out Lesley Ndlovu’s #TIME100Climate list profile here: https://time.com/7172504/lesley-ndlovu/
For the full list, click here: https://time.com/time100-climate