The Forum for Insurance Transition to Net Zero (FIT) is a UN-led and convened structured dialogue and multistakeholder forum to support the necessary acceleration and scaling up of voluntary climate action by the insurance industry and key stakeholders.
Chaired by the UN Environment Programme (UNEP), the FIT works with insurance market participants (e.g. insurers, reinsurers, brokers) and engages with insurance regulators and supervisors, net-zero standard-setters and initiatives, the scientific and academic community, civil society, and other key stakeholders (e.g. sustainability disclosure initiatives, real economy actors).
The development of the FIT proves an important opportunity for UNEP, the global insurance industry and key stakeholders to advance insurance strategies and practices that accelerate and scale up a just transition to a resilient net-zero economy
Initial priorities for the FIT include:
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Advancing frameworks for net-zero insurance metrics and voluntary targets, and developing new net-zero insurance concepts |  |
Developing transition plan guidance for insurance market participants |
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Engaging with the real economy, including supporting the transition plans by corporates across different sectors |  |
Tackling challenges and opportunities to develop insurance solutions and taxonomies that would support the transition |
The aim is to foster availability of insurance and finance for transition projects and technologies and net-zero activities.
Through the FIT, UNEP continues to deepen and strengthen its commitment to work with the global insurance industry and key stakeholders to support the acceleration and scaling up of a just transition to a resilient net-zero economy as part of the solution to the triple planetary crisis of climate change, nature loss, and pollution; and the vision of a resilient, sustainable, and prosperous future for all.
The FIT will seek input on its activities from two separate independent consultative groups:
- FIT Consultative Group of Insurance Regulators & Supervisors
- FIT Consultative Group on Science, Research & Civil Society
The work of the FIT will also be guided by a legal team experts on antitrust and competition laws, sustainability, insurance and finance, among other core areas of expertise, from three leading global law firms:
FIT Legal Counsel: Freshfields LLP
- Martin McElwee, Partner, Freshfields LLP (London/Brussels)
- Justin Stewart-Teitelbaum, Partner, Freshfields US LLP (Washington DC)
- Francesca Triggs, Associate, Freshfields LLP (London)
- Tina LaRitz, Associate, Freshfields US LLP (New York)
FIT Special Legal Advisors (serving on individual capacity):
- Maurits Dolmans, Senior Counsel, Cleary Gottlieb Steen & Hamilton LLP (London/Brussels)
- Ian Giles, Partner, Norton Rose Fulbright LLP (London/Brussels)
Contact us for more information and how to join:
Please complete the form below or contact the UNEP team directly at: fit@unepfi.org