This ground-breaking report explores the complex relationship between environmental, social and governance (ESG) factors, core insurance operations, and the insurance industry. The report is based on a pioneering global survey conducted in 2009 by the UNEP FI Insurance Working Group and its Academic Working Group on the understanding and integration of ESG factors in insurance underwriting and product development. The comprehensive survey covered a wide spectrum of ESG factors as they relate to the insurance business, primarily—climate change, biodiversity loss & ecosystem degradation, water management, pollution, financial inclusion, human rights, emerging manmade health risks, ageing populations, regulations, disclosure, ethics & principles, and alignment of interests. The survey obtained respondents from 60 territories worldwide—from Africa, the Asia-Pacific, Europe, North America, and Latin America & the Caribbean—with over 3,800 years of cumulative insurance experience, and generated nearly 2,700 pages of data. This landmark report includes forewords from UN Under-Secretary-General and UNEP Executive Director, Achim Steiner, and HRH The Prince of Wales. It was launched at the 2009 UNEP FI Global Roundtable in Cape Town, South Africa, which convened leaders and experts from the financial sector, governments, civil society and academia to discuss and act on the sustainability-finance nexus across the insurance, investment and banking industries, and to set the agenda for the coming years. The 2009 Roundtable ran the theme, ‘Financing Change, Changing Finance’, and brought together over 400 delegates from around the world. Languages English, Portuguese Press release
Published: 2009 | by: UNEP FI

The global state of sustainable insurance – Understanding and integrating environmental, social and governance factors in insurance (5.4 MB | 90 pages)