Public Consultation: First Global Guide to ESG Risks In Non-Life Insurance (AM)

Presented by

Butch Bacani - UNEP FI | James Wallace - Allianz

About this talk

Over 200 insurance industry leaders and stakeholders from across the globe gathered in Munich last February to raise the industry’s ambition in tackling the world’s most pressing sustainability challenges. At the Munich event, the first-ever insurance industry guide to manage environmental, social and governance (ESG) risks was launched. The event was co-organised by UN Environment’s Principles for Sustainable Insurance Initiative (PSI) and Allianz. The pioneering guide is the result of a multi-year collaborative effort with leading insurers and key stakeholders through a global consultation process. It shows how insurers can develop a systematic approach to managing ESG risks such as climate change, environmental degradation, protected sites and species, animal welfare, human rights, controversial weapons, and corruption. The guide includes heat maps indicating the level of potential ESG risk across lines of business and economic sectors—from agriculture, chemicals, defence, energy, healthcare and technology; to infrastructure, manufacturing, mining, real estate, transport and utilities.

Related topics:

More from this channel

Upcoming talks (5)
On-demand talks (144)
Subscribers (29487)
United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.