Principles for sustainability in insurance
At the Rio+20 Sustainable Development Summit, held in Rio de Janeiro, the Principles for Sustainability in Insurance were presented.
This initiative, promoted and developed by the United Nations Environment Programme Finance Initiative (UNEP FI) is a pioneer in the insurance sector establishing an initial framework for action for insurance companies.
The principles establish a series of possible actions referring to environmental, social and governance (ESG) aspects in relation to customers, suppliers, governments and other stakeholders related to insurance companies, as well as the incorporation of these ESG issues into the organisation’s decision-making and management processes.
For its part, the European mark EthSI, as an ethical certification instrument in the insurance sector, takes these principles as a reference when it comes to establishing the framework of analysis of the organisations that wish to be certified.
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