African Risk Capacity Limited (ARC Ltd.) CEO Lesley Ndlovu has been named on the 2024 TIME100 Climate List, solidifying his position as one of the most influential climate leaders in the business world. Ndlovu’s leadership at ARC Ltd., a hybrid mutual insurer and financial affiliate of the ARC Group, has been pivotal in driving the adoption of parametric insurance in Africa to enhance climate resilience.
In response to the surge in climate-related disasters across the African continent, ARC Ltd. has distributed a remarkable $230 million in claims payouts to member states and extended coverage to an impressive 50 million individuals over the past decade. Under Ndlovu’s guidance, the organization has expanded its network of members, donors, and partners, making affordable insurance more accessible throughout Africa. Additionally, ARC Ltd. has taken steps to provide protection to marginalized communities, including refugees, for the first time.
TIME’s selection of Ndlovu for the 2024 TIME100 Climate List was influenced by the theme of climate finance, focusing on candidates with tangible achievements and recent impactful actions. Ndlovu was featured in the ‘Defenders’ category, emphasizing his role in safeguarding vulnerable African communities from climate risks. His involvement in the Board of Directors of the UN Principles for Sustainable Insurance and the Glasgow Financial Alliance for Net Zero underscores his dedication to sustainable practices and combating climate change.
Ndlovu expressed his gratitude for being included in the esteemed TIME100 Climate list, emphasizing the importance of innovative financial solutions like parametric insurance in mitigating the effects of climate change on lives and livelihoods. He reiterated ARC Ltd.’s commitment to bolstering climate resilience, with a target to expand coverage to all 55 African Union States by 2034.
To learn more about Lesley Ndlovu’s profile on the TIME100 Climate list, visit https://time.com/7172504/lesley-ndlovu/. For the complete list of influential climate leaders, click here: https://time.com/time100-climate. Time is running out, but with leaders like Ndlovu at the helm, there is hope for a more sustainable and resilient future for Africa and beyond.
