United Nations Environment Programme Finance Initiative (UNEP FI)’s Post

My latest feature for Insurance Post dives into why the European Union's Corporate Sustainability Reporting Directive is pushing motor insurers towards even greater use of green parts. Check it out below!

Helpful insights from our Executive Search Partner, Slayton Search Partners, on why insurance companies must prioritize sustainability to navigate climate risks, meet consumer demands, and adhere to regulations. #Sustainability #InsuranceLeadership

Insurance brokerage company Söderberg & Partners Suomi has once again published a comprehensive analysis of how non-life insurance companies operating in Finland are responding to today's sustainability challenges. If P&C Insurance was the only insurance company to receive a green rating for each of the assessed areas for the second year in a row. 🌱 🌍 A green rating means that a company is working more actively on sustainability compared to a company with a yellow or red rating. 🌍 The sustainability analysis assesses how non-life insurance companies take responsibility aspects into account in claims management, procurement, climate change adaptation and asset management. The analysis also assesses how companies raise awareness among their customers and employees of the climate impacts of the damage and the impact on sustainable development in general. 🌱 Read the full report: https://brnw.ch/21wKPwU #sustainability #climatechange #insurance #ESG

At Robbie, our mission is to bring about transformative change in the water restoration sector, aiming to significantly influence and improve the practices of insurance companies, adjusters, and contractors within the industry not only to meet but exceed the sustainability commitments delineated in the United Nations Net-Zero Insurance Alliance (NZIA) document. Sustainability at Our Core: Optimal Restoration: Our advanced analytics prevent over-drying, ensuring efficient restoration processes. Transparency: We provide clear and accountable insights into every restoration project. Minimizing Environmental Impact: We actively measure and reduce our environmental footprint, showcasing our commitment to sustainability. Cost-Effective Solutions: Our services come with no upfront costs and are billable on a claim basis, offering financial ease to insurance companies. By partnering with Robbie, you are choosing a company committed to sustainability and efficiency, in direct alignment with the global net-zero goals and commitments of the Net-Zero Insurance Alliance. #WaterRestoration #InsuranceClaims #Sustainability #NetZero #TorontoInsurance #Innovation

Kenya's insurance industry stands at a critical juncture where embracing ESG principles is not only a moral imperative but also an opportunity to drive transformative change.  #sustainability #insuranceindustry #insuranceinsights #leadership #ESG CIC Insurance Company https://lnkd.in/dJTCURET

FINALLY! 💙 We have been waiting eagerly for this: Science Based Targets initiative (SBTi) has approved If’s near-term science-based emissions reduction targets! 🌱 In Sweden, Finland and Denmark, we are the first non-life insurance company to have our near-term targets approved, and we are among the first Nordic insurers to have this approval. 🌼 We have also made an unusual move, adding voluntary targets for our claims operations 👇   As a financial company, If is obliged to set targets for our investments. We have chosen, on a voluntary basis, to set supplier engagement targets for purchased goods and services to reduce emissions from claims operations: If commits that 30% of its suppliers by spend, covering purchased goods and services, will have science-based targets by 2028. We purchase goods and services within the motor and property segments, and claims represent a substantial part of our total emissions. 🏘️🚗   - We want to show our ambition to be one of the frontrunners in the transition towards a sustainable insurance sector, says CEO Morten Thorsrud:   - Our claims operation is the core of our business. We buy materials and services for more than 11 billion SEK per year and handle more than a million claims within the motor and property segments. This is where we indirectly have a substantial part of our emissions, and obviously we can make an impact through encouraging our suppliers to set ambitious climate targets.   Our CEO has been awaiting the SBTi approval together with our Head of Sustainability, Philip Thörn.    - We believe that the insurance industry should be more focused on the climate impact of this part of the business, says Philip Thörn.    We join more than 4,000 companies worldwide that have climate targets approved by the SBTi.  🌼 You find information here if you want to know more about our goals 🌼 https://lnkd.in/dDvmWfbA

The focus on sustainability in insurance firms is crucial for their long-term profitability. A key starting point is the reduction of their carbon footprint. By adopting environmentally friendly practices, insurance companies can contribute to a sustainable future while also improving their own financial performance.

The focus on sustainability in insurance firms is crucial for their long-term profitability. A key starting point is the reduction of their carbon footprint. By adopting environmentally friendly practices, insurance companies can contribute to a sustainable future while also improving their own financial performance.

The focus on sustainability in insurance firms is crucial for their long-term profitability. A key starting point is the reduction of their carbon footprint. By adopting environmentally friendly practices, insurance companies can contribute to a sustainable future while also improving their own financial performance.

The focus on sustainability in insurance firms is crucial for their long-term profitability. A key starting point is the reduction of their carbon footprint. By adopting environmentally friendly practices, insurance companies can contribute to a sustainable future while also improving their own financial performance.