Partnership between United Nations Environment and the global financial sector to promote sustainable finance
26 April 2022
This public consultation aims to collect input from external stakeholders on the first ESG guide for the global Life and Health insurance industry developed by UNEP FI’s Principles for Sustainable Insurance Initiative and HSBC Life.
7 March 2022
The insurance industry took its biggest step towards decarbonisation with launch of the Net-Zero Insurance Alliance (NZIA) in July 2021. Some of the world’s biggest insurers have now joined. The NZIA arguably has the potential to be more influential than its investor counterparts in encouraging change among high-emitting companies. Without insurance, companies cannot function.
4 February 2022
The group’s chief risk officer and chair of the Net Zero Insurance Alliance explains why AXA has adopted a ‘three strikes and you’re out’ policy with companies.
6 December 2021
The Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities. The global collaborative initiative strengthens the industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies on a healthy planet. Launched at the…
25 November 2021
UNEP FI’s Climate Lead, Remco Fischer reviews the outcomes of COP26 and explains why ultimate climate success or failure depends on leadership from the private and the public sectors coming together, synergising, feeding and boosting each other to create a determined drive of economic decarbonisation. He also highlights the important role of the net-zero finance alliances…
27 October 2021
Ahead of the G20 Rome Summit this weekend, UN Environment Programme Finance Initiative (UNEP FI) today publishes its G20 input paper, ‘Recommendations for credible Net-Zero commitments from financial institutions’. UNEP FI is, for the first time, setting out a high-level framework for what a credible, transparent and comparable 1.5°C science-based commitment looks like and what…
13 October 2021
13 October 2021—In the run up to the UN Climate Change Conference in Glasgow (COP26), the Net-Zero Insurance Alliance (NZIA) convened by UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) has expanded its membership, announcing today five new members from Africa, Asia and Europe as part of its efforts to build a global alliance.
6 September 2021
The Partnership for Carbon Accounting Financials (PCAF), in collaboration with the UN-convened Net-Zero Insurance Alliance (NZIA), today announced the launch of a working group comprising leading insurance and reinsurance companies to develop the first global standard to measure and disclose insured greenhouse gas (GHG) emissions.
11 July 2021
Geneva/Venice, 11 July 2021—As the G20 gathers in Venice for its Climate Summit, eight of the world’s leading insurers and reinsurers make a historic commitment to play their part in accelerating the transition to a net-zero emissions economy, as required by the Paris Agreement.
21 April 2021
Geneva, 21 April 2021—Seven of the world’s leading insurers and reinsurers, working together with the UN Environment Programme Finance Initiative, are currently in the process of establishing a pioneering Net-Zero Insurance Alliance (NZIA). The NZIA is expected to be launched at the 2021 UN Climate Change Conference in Glasgow this November (COP26).
19 January 2021
A group of 22 leading insurers and reinsurers convened by UNEP FI has published the first comprehensive guidance for the insurance industry to identify and disclose the impact of climate change on their businesses.
3 June 2020
There is growing momentum to ensure the recovery from the global pandemic shifts the economy to a more sustainable model and enables the transition to a circular economy post-2020. In their blog, Jan Raes, a circular economy finance expert who drafted our study Demystifying Circular Economy Finance, supported by Aliyorbek Muminov in UNEP FI’s Secretariat,…
17 February 2020
14 February 2020 – Munich Re has become the 19th asset owner to join the United Nations-Convened Net-Zero Asset Owner Alliance, bringing the Alliance’s total assets under management (AUM) to US$4.5 trillion. The group of pension funds and insurers have pledged to decarbonize their portfolios to net-zero emissions by 2050 to avoid a global temperature…
12 February 2020
Members of the UN-convened Net Zero Asset Owner Alliance, alongside UNEP FI and its partners, led an affiliated session at the World Economic Forum (WEF) Annual Meeting in Davos on 22 January. The yearly forum engages political, business, cultural and other world leaders of society to shape global, regional and industry agendas. The group of…
22 January 2020
$4.3 trillion AUM Alliance using collective voice at Davos to highlight need for urgent climate action to world’s corporate and political leaders 22 January 2019 – Four months after 12 of the world’s largest pension funds and insurers committed to decarbonize their investments by 2050, the United Nations-convened Net-Zero Asset Owner Alliance has added the…
27 February 2019
Today, UN Environment, Oceana and leading insurers issued a checklist of warning signs for pirate fishing activity, as part of a global insurance industry effort to curb illegal fishing. The risk assessment guidelines, launched at an international conference organised by UN Environment’s Principles for Sustainable Insurance Initiative (PSI) and the global insurer Allianz, were developed…
27 February 2019
The first ever guidance designed for the global insurance industry to integrate sustainability into industrial and commercial business has launched for public consultation today. The result of a multi-year initiative co-led by UNEP FI’s Principles for Sustainable Insurance and leading insurer, Allianz, the guide is designed to manage environmental, social and governance risks in insurance…
18 December 2018
On Saturday, following two weeks marked by dramatic rhetoric and intense negotiations over legal language, close to 200 Governments bridged a deep global divide and agreed on the set of rules meant to steer countries worldwide in implementing the historic 2015 Paris Agreement on climate change. UNEP FI’s Climate Lead, Remco Fischer gives more…
13 November 2018
UN Environment’s Finance Initiative (UNEP FI) announced today a partnership with 16 of the world’s largest insurers—representing around 10% of world premium and USD 5 trillion in assets under management—to develop a new generation of risk assessment tools designed to enable the insurance industry to better understand the impacts of climate change on their business. This understanding is vital for an industry whose core business is to manage risk.
24 July 2018
Finance sector commits to working together to develop Sustainable Finance Roadmaps for Australia & New Zealand Finance sector organisations – including banking, insurance and investment industries, representing over 300 institutions with $10 trillion in assets – have today released a joint statement in support of a sustainable financial system for Australia and New Zealand.