Live Breaking News & Updates on Insurers Set Sustainability Goals

Katie Keir
The global insurance industry is responding to the call for greater environmental, social and governance (ESG) investment efforts, leading to “ambitious emissions targets” and coverage restrictions for high polluters, said a new report from DBRS Morningstar on Wednesday.
Through both the coverage they offer to energy projects and their investment portfolios, insurers are increasingly focusing on ESG and sustainability, the report said, noting, “Many of the largest global insurance providers have signed up to comply with climate friendly frameworks for sustainable insurance and are investing with the support of the United Nations.”
One example is the Canadian Life and Health Insurance Association (CLHIA), which signed on to the United Nations’ sustainable insurance initiative in December. The organization stated at the time that it’s crucial for the industry to understand ESG risks in order to remain resilient, affordable and accessible. ....

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