Principles for Sustainable Insurance

Environmental social and governance (ESG) - insurance - United Nations Environment Programme Finance Initiative (UNEP FI).

(PSI).

The UNEP FI defines sustainable insurance as:

"... a strategic approach where all activities in the insurance value chain, including interactions with stakeholders, are done in a responsible and forward-looking way by identifying, assessing, managing and monitoring risks and opportunities associated with environmental, social and governance issues."

Signatories to the Principles for Sustainable Insurance commit themselves accordingly to:

1. Embed in their decision-making, environmental, social and governance issues relevant to their insurance business.
2. Work together with clients and business partners to raise awareness of environmental, social and governance issues, manage related risks and develop solutions.
3. Work together with governments, regulators and other key stakeholders to promote widespread action across society on environmental, social and governance issues.
4. Demonstrate accountability and transparency in regularly disclosing publicly their progress in implementing these Principles.

Source - United Nations Environment Programme Finance Initiative (UNEP FI)

See also

• Environmental concerns
• Equator Principles
• European Bank for Reconstruction and Development
• ESG investment
• Insurance
• Organisation for Economic Co-operation and Development (OECD)
• Paris Agreement
• Principles for Responsible Banking
• Principles for Responsible Investment
• Risk management
• Social concerns
• Sustainable Development Goals
• United Nations Environment Programme
• United Nations Environment Programme Finance Initiative

External link

Principles for Sustainable Insurance - UNEP FI webpage