tailieunhanh - PSI Principles for Sustainable Insurance

The discussions indicated that while insurance service liberalization and globalization can be beneficial, they have different impacts on developed and developing countries. Country experiences seemed to indicate that liberalization of insurance services needs to be accompanied by a strategic and clearly defined national policy on the financial services sector in general and the insurance sector in particular (taking into account each country’s specific national development objectives), as well as the development of efficient and effective regulatory and supervisory frameworks, in line with international initiatives. This recognition that liberalization alone might be insufficient may be one of the reasons for the hesitation. | Finance Initiative Principles for Sustainable Insurance A global sustainability framework and initiative of the United Nations Environment Programme Finance Initiative 1972-2012 Serving People and the Planet RIO 20 United Nations Conference on Sustainable Development Design Rebus Paris Published by UNEP FI in June 2012 Copyright UNEP FI UNEP Finance Initiative International Environment House 15 Chemin des Anemones 1219 Chatelaine Geneva Switzerland T 41 22 917 8777 psi@ . psi UNEP promotes environmentally sound practices globally and in its own activities. UNEP policy is to specify vegetable-based printing inks and chlorine-free paper using recycled fibre and wood pulp from sustainable forests. Our distribution practices aim to reduce UNEP s carbon footprint. k I. Message from the UN Secretary-General The thousands of companies that have embraced the United Nations Global Compact and the Principles for Responsible Investment demonstrate the growing influence of sustainability in business. The launch of the Principles for Sustainable Insurance at the UN Conference on Sustainable Development Rio 20 is a further evolution of this important movement to build a green economy. Developed by the UN Environment Programme s Finance Initiative the Principles are a framework for the global insurance industry to address environmental social and governance risks and opportunities. For years insurers have been at the forefront of the corporate world in alerting society to the risks of climate change and more recently threats such as the loss of biological diversity and the growing pressures on forests freshwater and other essential ecosystems. Insurers are also increasingly recognizing the need to develop products and services that address the needs of a rapidly changing world including inclusive insurance that caters to low-income communities people with HIV AIDS or disabilities and ageing populations. Insurers have worked with the UN

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