Peak oil and Principles for Sustainable Insurance: Difference between pages

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1.  
''Environmental social and governance (ESG) - insurance - United Nations Environment Programme Finance Initiative (UNEP FI).''


The maximum global total rate of oil extraction and the date of the maximum rate.  
(PSI).


When global Peak oil extraction has passed, global total oil usage must also necessarily decline.


Opinions vary about whether global Peak oil will occur in the near future, or whether it has already passed.
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."


2.


The similarly defined rate and date in relation to a smaller entity, for example an individual country.
:Signatories to the Principles for Sustainable Insurance commit themselves accordingly to:


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


3.
::''Source - United Nations Environment Programme Finance Initiative (UNEP FI)''


A shorthand term summarising the impossibility of basing long term sustainable growth on finite physical resources. 


==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]]


<span style="color:#4B0082">''''''Peak demand' new worry for fossil fuel producers'''''</span>


:"Remember 'peak oil'? ...
==External link==
[https://www.unepfi.org/psi/the-principles/ Principles for Sustainable Insurance - UNEP FI webpage]


:It never happened. In the event, more and more oil and gas keeps being discovered...
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:The_business_context]]
:This has given rise to a new worry for fossil-fuel producers - 'peak demand'. Already, demand for hydrocarbons in advanced economies is beginning to fall. Rising use in the developing world ensures that, overall, global consumption should continue to grow for some years to come yet, but the peak may be much closer than generally appreciated...
[[Category:Corporate_finance]]
 
[[Category:Investment]]
:Renewables are very unlikely to replace hydrocarbons entirely... But we could be looking at a much swifter decline than generally imagined, with big implications for the price of oil and, therefore, the future of its main producers."
[[Category:Long_term_funding]]
 
[[Category:Compliance_and_audit]]
 
[[Category:Ethics]]
:''The Treasurer magazine, March 2017, p15 - Jeremy Warner, assistant editor of The Daily Telegraph.''
[[Category:Identify_and_assess_risks]]
 
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
== See also ==
[[Category:Risk_reporting]]
* [[Carbon tax]]
[[Category:Financial_products_and_markets]]
* [[Carbon trading]]
[[Category:Trade_finance]]
* [[CNG]]
* [[Hydrocarbons]]
* [[LDO]]
* [[LNG]]
* [[LPG]]
* [[OPEC]]
* [[Petrodollar]]
* [[Petroyuan]]
* [[Renewables]]
* [[SKO]]
* [[Stranded assets]]
 
[[Category:Ethics_and_corporate_governance]]

Revision as of 12:56, 25 June 2022

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


External link

Principles for Sustainable Insurance - UNEP FI webpage

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