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

Showcase your sustainability initiatives at the British Insurance Awards by entering the ESG: Sustainability Initiative of the Year category. Sponsored by CRIF, this category is open to insurers, MGAs, brokers and service providers, individually or working in partnership. The judges will be looking for a company or project that: 🌟Can demonstrate how they have embraced the principles of business sustainability within their operations. 🌟Examples could include using resources and energy as efficiently as possible, promoting social inclusion, sustainable communities and/or well-being. 🌟The initiative could be an international, national or local project and should demonstrate a coherent and integrated approach. 🌟Shows evidence of the delivery of policies in action. 🌟Displays a clear statement of how any initiative is aligned with the company or organisations strategic and business goals. Entries close at 5pm tomorrow. Enter here: https://hubs.li/Q02nvn_r0 #BIA24

Happening Now!! The 4th Annual International Insurance Conference2023 at Las Vegas Hotel in Mbarara City-Uganda. Future Energy Partners CEO and Co founder, Greg Coleman is giving a keynote address on #ESG. Points to consider: 1. Have you included ESG risks in your company’s ESG risks? 2. How do your ESG commitments influence your company financials? 3.Could your Organization be at risk of being accused of green washing? 4. What impact could an energy crisis have on your organization? 5.How could an an extreme weather event impact your company operation? 6.How secure are your supply chains? The Insurance Training College Insurance Brokers Association of Uganda Paul Katabalwa

🌐 Exciting News in the Insurance Sector! 🌿 Thrilled to share that China's insurance industry has just launched its first Environmental, Social, and Governance (ESG) voluntary guide. 🚀 Key Highlights: Clear Standards: The guide sets clear standards for insurance companies, covering 23 Tier 1 and 49 Tier 2 indicators, aligning with global ESG disclosure standards. Unique Elements: It incorporates elements unique to China and the insurance industry, including rural revitalization, insurance agent management, sustainable insurance products, and green investment of insurance funds. 🌍 Global Impact: Richard Sheng, Ping An's Secretary of the Board of Directors, emphasized China's commitment to global sustainable development. The guide is seen as instrumental in enhancing ESG management and disclosure quality in the insurance industry, positioning it as a societal "stabilizer" and economic "ballast." 🔗 Read More Here:[https://lnkd.in/ds4BdUJp] #ESG #InsuranceIndustry #Sustainability #Actuaries #InsuranceNews #actuary #actuarial

Great discussion with Katerina Pavlidi from GrECo Sagauta Lithuania on ESG and insurance in the Baltics. Various segments of the market are at the different stage of development, but overall insurance future green!

Guidance on the integration of ESG risks into insurance underwriting The first ESG guide for the global insurance industry  https://shorturl.at/cqAN1

Participate in Brokers on Insurers 2024 survey by Insurance Business and influence the future of insurance in Australia. Benchmark performance, identify areas for improvement, and contribute to positive change. Plus, contribute to environmental sustainability with a tree planted for every survey response. https://hubs.la/Q02jTFb10 #BrokerInfluence #InsuranceFuture #BrokersonInsurers #EnvironmentalSustainability

Insurance for Carbon Credits❓ Absolutely 🤝🛡️ ICR and Kita have teamed up to enhance the integrity of the Voluntary Carbon Market (VCM). 💚 Our goal is to develop products and services that bring integrity, trust, and confidence in the market. This approach has the potential to drive investment and scale up growth in high-quality carbon solutions. Together, we have co-authored an in-depth blog that explores: - Collaboration between GHG programs and insurance. - Risk assessment and protection by insurance companies. - Benefits for VCM stakeholders. - Encouraging broader adoption of insurance policies in the VCM. 📖 Read the article, co-authored by Oli Torfason at ICR and Natalia Dorfman at Kita, here: https://lnkd.in/eeMKUGH5 📣 Webinar Announcement 📅 On 16th July, we will also be hosting a webinar that delves into how insurance bolsters the integrity and credibility of carbon credits. Register to join here: https://lnkd.in/eGBCmynq More about our recent announcement with ICR about risk management for buffers: https://lnkd.in/eeNsr6dR #CarbonCredits #ClimateAction #SustainableFuture #VCMIntegrity #CarbonInsurance Gudmundur Sigbergsson Alondra Silva Muñoz

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

[Dah Sing Insurance has signed up for the Insurance Industry Climate Charter by HKFI] An insurance industry climate charter is a document that outlines a set of climate principles and commitments which signatories are expected to comply with. As a HKFI member, Dah Sing Insurance has signed up for the Insurance Industry Climate Charter in 2024. Environmental issue and climate change is always our company’s priority and they have been taken concern to our business objective. While ESG is likely to evolve in the coming years, we are highly committed to staying ahead and taking a more systematic and rewarding approach to ESG. As a responsible corporate citizen, we firmly believe that integrating ESG principles into our business strategy is not only vital but also a key factor for the long-term success of Dah Sing Insurance. Dah Sing insurance is dedicated to optimize the ESG value creation for the stakeholders in strategic areas to align the climate commitments. #DahSingInsurance #InsuranceIndustryClimateCharter

Insurance + Carbon Standards? That’s a yes ✅ Kita is delighted to be working with International Carbon Registry (ICR) to enhance the risk management frameworks within the Voluntary Carbon Markets, using the collaborative twin powers of Carbon Standards and Insurance to increase integrity, strengthen safeguards, and drive investment towards high-quality carbon projects. Following our recent announcement about risk management for buffers (Buffer as a Service, see here https://lnkd.in/eeNsr6dR), we’ve written an article that explores: 1️⃣ How 'risk shareholders' like Carbon Standards and insurance work together to provide rigorous scrutiny and frameworks by which quality projects can be assessed and monitored over time 2️⃣ The specific risks that insurance companies assess and protect against, and how insurance can offer greater security to market stakeholders 3️⃣ How the collaboration between Kita and International Carbon Registry brings benefit to VCM stakeholders 4️⃣ What can be done to encourage greater deployment of insurance policies across the VCM and the benefits this can bring Read the article, co-authored by Oli Torfason at ICR and yours truly here: https://lnkd.in/eeMKUGH5 And if you want to learn more, please join us on 16th July for a webinar that delves into how insurance bolsters the integrity and credibility of carbon credits. Register to join here: https://lnkd.in/eGBCmynq #carboninsurance #vcm Alondra Silva Muñoz Gudmundur Sigbergsson Paul Young