7 March 2022

Insurers begin long countdown to net zero (Environmental Finance)

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.

6 December 2021

Principles for Sustainable Insurance initiative hits 200 members

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

BLOG: COP26 – The moment private finance promised to lead

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

UNEP FI delivers G20 input paper with recommendations for credible net-zero finance commitments

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

Net-Zero Insurance Alliance breaks ground in Africa and Asia as it expands in Europe

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

Partnership for Carbon Accounting Financials collaborates with UN-convened Net-Zero Insurance Alliance to develop standard to measure insured emissions

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.

3 June 2020

BLOG: After the Pandemic, what are the Opportunities and Challenges for the Circular Economy?

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,…

22 January 2020

Generali and Church of England investment bodies join UN-convened Net-Zero Asset Owner Alliance

$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

Leading insurers, ocean conservationists, Oceana and UNEP FI issue first-ever guidelines to combat pirate fishing

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

Give feedback on first ever global guidance for the non-life insurance industry on integrating sustainability

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

Climate Success at COP24: after intense negotiations new rulebook breathes life into Paris Agreement but much more decarbonisation ambition needed

  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

UNEP FI working with 16 global insurers to better understand risk & implement TCFD recommendations

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 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.