UNEP FI Principles for Sustainable Insurance regional consultation for North America

Media advisory
  English version

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12-13 June 2011 | Guelph, Canada

After two ground-breaking consultation meetings in the Southern Hemisphere, Canada hosts from 12 to 13 June 2011 the third of seven United Nations-convened regional consultations that make up a global process to develop a set of sustainability principles for the insurance industry. Once fully fleshed out, the United Nations Environment Programme Finance Initiative’s Principles for Sustainable Insurance (UNEP FI-PSI) will serve as the global framework for insurance companies to better manage environmental, social and governance risks and opportunities in their core business strategies and operations. The principles will include concrete actions to enhance risk management and underwriting practices, stimulate innovative insurance solutions, and catalyse industry action on a range of sustainability issues such as natural catastrophe risks, climate change, ecosystem degradation, ageing populations and emerging health risks. Executives from the United Nations join insurance industry leaders and representatives from government, business and industry, civil society, academia and other stakeholders from Bermuda, Canada and the United States at the consultation meeting for North America. The meeting is hosted by the Canadian insurer, The Co-operators. The global consultation process started in Africa and Latin America and the Caribbean, and following North America, the meetings will span Oceania, the Middle East and North Africa, Europe and Asia. The finalised Principles will be launched at the 2012 United Nations Conference on Sustainable Development in Rio de Janeiro, Brazil, as a landmark contribution and long-term commitment of the global insurance industry to building a sustainable global economy.

Articles in the Press

  • – Globe Net
  • – Insurance Journal

Contact

Butch Bacani
Programme Leader, UNEP FI Principles for Sustainable Insurance and Insurance Commission
butch.bacani [at] unep.org