COVID-19 Corporate Financing Facility and Principles for Sustainable Insurance: Difference between pages

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imported>Doug Williamson
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''Business continuity - pandemic - UK.''
''Environmental social and governance (ESG) - insurance - United Nations Environment Programme Finance Initiative (UNEP FI).''


(CCFF).
(PSI).


Under the COVID-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.


This will support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.
The UNEP FI defines sustainable insurance as:


It will also support corporate finance markets overall and ease the supply of credit to all firms.
:"... 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."




All UK businesses are eligible.
: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.


The scheme will be available early in the week beginning 23 March 2020.
::''Source - United Nations Environment Programme Finance Initiative (UNEP FI)''




==See also==
==See also==
*[[Bank of England]]
*[[Environmental concerns]]
*[[British Business Bank]]
*[[Equator Principles]]
*[[Business continuity plan]]
*[[European Bank for Reconstruction and Development]]
*[[Contingency plan]]
*[[ESG investment]]
*[[COPD]]
*[[Insurance]]
*[[Coronavirus]]
* [[Organisation for Economic Co-operation and Development]] (OECD)
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Paris Agreement]]
*[[Coronavirus Job Retention Scheme]]
*[[Principles for Responsible Banking]]
*[[COVID-19]]
*[[Principles for Responsible Investment]]
*[[Disaster recovery planning]]
*[[Risk management]]
*[[Financial stability]]
*[[Social concerns]]
*[[Her Majesty’s Revenue & Customs]]
*[[Sustainable Development Goals]]
*[[Liquidity management]]
*[[United Nations Environment Programme]]
*[[WFH]]
*[[United Nations Environment Programme Finance Initiative]]




==Resources for COVID-19==
==External link==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]
[https://www.unepfi.org/psi/the-principles/ Principles for Sustainable Insurance - UNEP FI webpage]
 
[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
 
[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
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[[Category:Investment]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Trade_finance]]

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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