UNEP FI Convenes North American Consultation on Sustainable Insurance Principles
13 June 2011: As part of its work to develop sustainability principles for the insurance industry, the UN Environment Programme Finance Initiative (UNEP FI) convened a consultation with North American stakeholders from 12-13 June 2011, in Guelph, Canada.
The consultation was attended by executives from the UN, insurance industry leaders, and representatives from government, business and industry, civil society and academia. Once complete, the UNEP FI's Principles for Sustainable Insurance (UNEP FI-PSI) are intended to serve as the global framework for insurance companies to manage environmental, social and governance risks and opportunities in their core business strategies and operations. It is envisaged that the principles will include concrete actions that: enhance risk management and underwriting practices; stimulate innovative insurance solutions; and catalyze industry action on sustainability issues including natural catastrophe risks, climate change, ecosystem degradation, ageing populations and emerging health risks. [UNEP FI Press Release]