INTRODUCTIONAlthough 2021 wasn’t dominatedby COVID-19 to the same extent asthe previous year, the continuationof pandemic-related restrictionsaffected our engineers’ ability tocarry out physical site surveys.But, together with the nuclearinsurance pools, we adapted tothis restriction and successfullyconducted many of the surveysvirtually. At the beginning of 2022,it is great to say that our engineersare wasting no time in gettingback on the road.Ratification of the Revised Paris Convention2004 (RPC2004) dominated everyone’s timeat NRI and NRIE in 2021 but we got there inthe end!NRI continues to pursue its net zero strategyand our focus remains on broadening ourwider role and responsibilities within an ESGframework. Thanks to data verified by carbonanalytics specialist Alectro, we can reportthat NRI reduced its carbon emissions from57.4 tCO2e (4.1tCO2e/employee) in 2020 to 15.3tCO2e (1.17 tCO2e/employee) in 2021.We were delighted to be asked by Lloyd’s,in the summer of 2021, to support it witha sustainability white paper looking at themarket’s future plans in the energy sector.Lloyd’s chose to run a case study on nuclear,and we are pleased that its Chairman,Bruce Carnegie-Brown, has contributed anextended article to NRI’s current corporatereport (on pages 18-21) on its plans tosupport its customers through the globalenergy transition.I cannot finish my introduction this yearwithout commenting on the war in Ukraine.The pooling community counts among itsmembers the Ukrainian Nuclear InsurancePool (UNIP), which was formed in 2003 withthe support of NRI. We have close friends at alllevels of UNIP and NRI, and the pooling systemstands aligned with them and in support oftheir business. It has been incredible to witnessfirst-hand the courage and professionalismof UNIP as it sticks to the task in hand. UNIPhas been very actively involved on a daily basisin providing NRI, as the lead reinsuring pool,with up-to-the-minute, accurate information,as well as informing the panel of reinsurancepools of the exposures that are insured.A key objective of NRI and the reinsuring poolsis for us to maintain cover, providing we canbe assured that there has not been a materialchange in risk and we are confident thatoperations – “the controlling mind” – remainwith Energoatom and its plant management.As of 16 May, I am pleased to say that this is stillthe case. I would like to conclude by pledgingNRI’s support to all of the Ukrainian peopleand, in particular, I would like to mentionDimitry Rasshyvalov (Pool Manager), LarysaBabenko (Underwriter) and Artem Zakharov(Engineer), who are constantlyin our thoughts.Mark PopplewellManaging Director, NRI3
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