About

Launched at the 2012 UN Conference on Sustainable Development, the UNEP FI Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance risks and opportunities.

The PSI Initiative is the largest initiative between the UN and the global insurance industry with close to 300 members around the world.

The vision of the PSI Initiative is of a risk aware world, where the insurance industry is trusted and plays its full role in enabling a healthy, safe, resilient and sustainable society. The purpose of the PSI Initiative is to better understand, prevent and reduce environmental, social and governance risks, and better manage opportunities to provide quality and reliable risk protection.

Pioneering work by the PSI Initiative includes the Sustainable Insurance Facility of the Vulnerable Twenty Group of Finance Ministers (V20), innovative work on net-zero insurance and nature-positive insurance, development of Environmental, Social and Governance (ESG) guides for insurers as well as work supporting the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and relevant to emerging frameworks such as the Task Force on Nature-related Financial Disclosures (TNFD).

What is Sustainable Insurance?

Sustainable insurance is a strategic approach where all activities in the insurance value chain, including interactions with stakeholders, are done in a responsible and forward-looking way by identifying, assessing, managing and monitoring risks and opportunities associated with environmental, social and governance issues. Sustainable insurance aims to reduce risk, develop innovative solutions, improve business performance, and contribute to environmental, social and economic sustainability.

Highlights