Principles for Sustainable Insurance Become New Insurance Industry Assessment Criterion of the Dow Jones Sustainability Indices
As part of the 2014 Dow Jones Sustainability Indices methodology update, the Principles for Sustainable Insurance (PSI) – as a global sustainability framework – became a new assessment criterion for the insurance industry. This criterion seeks to measure the extent to which insurance companies have committed to integrating environmental, social and governance principles into their core strategies and product development processes. This development highlights the increasing recognition and value delivered by industry-specific sustainability frameworks and initiatives such as the PSI.
The Dow Jones Sustainability Indices were launched in 1999 as the first global sustainability benchmarks. The indices are offered by RobecoSAM and S&P Dow Jones Indices. The family tracks the stock performance of the world’s leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices.