Demystifying tobacco: Why and how insurers & investors are going tobacco-free

Presented by

Tobacco Free Portfolios & UNEP's Principles for Sustainable Insurance

About this talk

This year, tobacco has so far killed six times more people than COVID-19—and is on track to kill one billion people this century. Furthermore, cigarette butts are the largest single type of litter by count, and have become the number one form of plastic pollution in the ocean, surpassing plastic straws. As the world moves to protect global health, the climate and nature, a growing number of insurers, investors and banks are going tobacco-free. Many have signed the Tobacco-Free Finance Pledge as part of their sustainability commitment, and in support of the World Health Organization (WHO) Framework Convention on Tobacco Control and the UN Sustainable Development Goals. At this global webinar by UNEP's Principles for Sustainable Insurance (PSI) and Tobacco-Free Portfolios (TFP), hear from insurance industry leaders, Denis Duverne, Chairman of the AXA Group, and Lars-Göran Orrevall, CIO of Skandia, on why and how their respective companies have transitioned to tobacco-free insurance and investment portfolios, as well as key insights from the WHO, PSI and TFP.

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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.