Launched at the 2012 UN Conference on Sustainable Development, the UNEP FI Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance risks and opportunities. The PSI Initiative is the largest collaborative initiative between the UN and the insurance industry.
The vision of the PSI Initiative is of a risk aware world, where the insurance industry is trusted and plays its full role in enabling a healthy, safe, resilient and sustainable society.
The purpose of the PSI Initiative is to better understand, prevent and reduce environmental, social and governance risks, and better manage opportunities to provide quality and reliable risk protection.
Why Sustainable Insurance?
Sustainable insurance is 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. Sustainable insurance aims to reduce risk, develop innovative solutions, improve business performance, and contribute to environmental, social and economic sustainability.
World-Leading Insurers and United Nations Launch Pioneering Target-Setting Protocol to Accelerate Transition to Net-Zero Economy
Davos, 17 January 2023 - The United Nations-convened Net-Zero Insurance Alliance (NZIA) today launched the Alliance’s first Target-Setting Protocol at the World Economic Forum’s Annual Meeting in Davos, Switzerland. As ...Read more
Farmers Insurance Exchange Becomes First U.S. Insurer to Sign the U.N. Principles for Sustainable Insurance
Los Angeles/Geneva, November 2, 2022—The United Nations-convened Principles for Sustainable Insurance Initiative (PSI) welcomes Farmers Insurance Exchange as the first insurer based in the United States—the world’s largest insurance market— ...Read more