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.
Pioneering work by the PSI initiative includes the Net-Zero Insurance Alliance, the Sustainable Insurance Facility of the Vulnerable Twenty Group of Finance Ministers (V20), research on nature-positive insurance, development of Environmental, Social and Governance (ESG) guides for insurers as well as work supporting the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and relevant to emerging frameworks such as the Task Force on Nature-related Financial Disclosures (TNFD).
What is 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.
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Health is Our Greatest Wealth: How life & health insurers can drive better health outcomes and address the protection gap
The global health crisis has highlighted the importance of population access to healthcare and the need for individuals to take proactive measures to maintain their health and well-being. At the ...Read more
Protection Gap in Canada: A Social Framework for Life & Health insurers
This webinar will convene members of the PSI Canadian Insurance Industry Task Force and its Social Thematic Working Group. It will feature the launch of the position paper, “Closing ...Read more