As 2024 comes to a close, we wish to extend our sincerest appreciation for your invaluable support throughout the year. Whether it was your contribution to the PSI Working Group for Nature, your participation at the MSME roundtable by the PSI-managed V20 Sustainable Insurance Facility, your support for UNEP’s Forum for Insurance Transition to Net Zero, your presence at COP16 in Colombia, COP29 in Azerbaijan or the UNEP FI Global Roundtable in Geneva, we thank you for helping amplify sustainable insurance practices.
To cap off the year, we are pleased to announce the results of the PSI Board elections and members joining the PSI Board in the New Year.
We are also pleased to introduce the UNEP FI Members' Portal in the new year, designed to improve communication and streamline member engagement. The Portal will allow our members to directly manage their institutional contacts, including adding new contacts, updating existing ones, and removing contacts who have left their organisation from the PSI distribution list.
Primary contacts within each organisation will be responsible for keeping these records accurate and up to date, allowing the PSI to communicate effectively and share critical updates. In early January, we will reach out to primary contacts with detailed instructions on how to activate and use their Portal accounts.
In the meantime, if your institution’s primary contact has recently changed, or you would like to add a colleague to the PSI mailing list please notify the PSI Secretariat ; psi@unepfi.org to ensure that the contact information we have on record is up to date.
PSI Board Updates — For Information
PSI Board Election Results — The election process for the four (4) PSI Board seats available for a term spanning 01 January 2025 - 31 December 2027 has now come to an end. A total of 51 votes by PSI signatory companies were received.
Below is the information on the elected candidates:
Congratulations to all newly elected PSI Board members. We look forward to working with you and your fellow members of the PSI Board to move forward the sustainable insurance agenda.
Our sincere thanks as well to all those who nominated themselves for the open seats on the PSI Board. While not elected to the Board this term, we nevertheless wish to thank them for their leadership, personal commitment and institutional support.
Upcoming PSI Member-Only Webinars — For Action
2025 UNEP FI Insurance Update — Join the PSI Secretariat for an exclusive member-only webinar sharing information on the 2025 UNEP FI Insurance Work Programme.
To accommodate different time zones we will be hosting two sessions on 14 January 2025:
Click on the links below to register.
Insights on the first global guide on transition plans for insurers — The UNEP Forum for Insurance Transition to Net Zero (FIT) launched at COP29 in Azerbaijan its inaugural report "Closing the Gap: The emerging global agenda of transition plans and the need for insurance-specific guidance". The report is the first global guide on transition plans for insurers.
As part of the 2025 UNEP FI insurance work programme, the FIT Secretariat will be hosting an exclusive webinar for PSI members to share key insights from the report and update PSI members on the next steps in the FIT Transition Plan Project.
Presenters include representatives from UNEP, FIT Participants (insurers), FIT Consultative Groups (insurance regulators and supervisors, civil society organisations) and sustainability standard setters, disclosure frameworks and initiatives, who will share their perspectives on the emerging global agenda of transition plans as they relate to insurance.
To accommodate different time zones, the webinar will be held twice on 23 January 2025:
Click on the links below to register.
New PSI Publication — For Information
Building on the PSI’s long-standing work on nature-related issues over the past decade, the PSI Working Group for Nature recently launched "Insuring a Resilient Nature-Positive Future"
This initial output by the working group provides first-of-its-kind global guidance to the insurance industry on priority actions to contribute to the goals of the Global Biodiversity Framework (GBF).
The guide will assist non-life and life & health insurers in addressing nature-related issues in underwriting portfolios.
Nominations for UNEP FI Global Steering Committee — For Action
We strongly encourage eligible PSI members to consider self-nominating for a position on the UNEP FI Global Steering Committee (GSC). The GSC provides executive direction on strategic, work programme and budgetary issues at UNEP FI, spanning the banking and insurance industries.
The available positions are for members in the industry-region combinations outlined below for a term spanning from March 2025 to December 2027. The full GSC composition is found on the UNEP FI webpage here.
Position 4: Africa – Banking
Position 9: Latin America- Insurance
Position 7: Europe– Insurance
Position 10: Africa - Insurance
Position 8: Asia Pacific- Insurance
Please click here for further information on the nomination process (pw: unepfi)
Self-nominations should be completed and sent to the Secretariat by close of business, 24 January 2025.
UNEP FI AGM Voting — For Action
All PSI signatory companies are also members of UNEP FI. We encourage all eligible PSI members to provide input on UNEP FI’s strategy and key issues for next year by voting on items presented at the UNEP FI Annual General Meeting (AGM). Review the AGM background materials (password:unepfi) and then cast a vote on behalf of their organisation using this ballot. Every UNEP FI member institution has one vote to cast with voting remaining open until 31 December 2024. Download UNEP FI’s 2025 Work Programme for a high-level overview of the rich offering for UNEP FI members next year.
Upcoming UNEP FI Webinars — For Action
Overview of 2024 in climate (19 December, 13:00-14:00 CET) — As the year draws to a close, join the UNEP FI Climate Team for a comprehensive reflection on the key outcomes of COP29 and a broader summation of 2024’s milestones in climate finance, policy, and action. | Register
CSRD Implementation — UNEP FI’s new CSRD implementation programme will feature key insights on the implementation of the EU Corporate Sustainability Reporting Directive (CSRD)/European Sustainability Reporting Standards (ESRS), focusing on how banks and insurers can address the challenges and opportunities at different stages in the process.
Register below for upcoming UNEP FI member only sessions:
For more details, recordings from previous sessions, and registration links, please visit the UNEP FI Members' Area (here).
If you have any questions, please reach out to Daniel Bouzas, Regional Lead for Europe at daniel.bouzasluis@un.org and Guilherme Cassaro at guilherme.cassaro@un.org.
New PSI Members — For Information
We would like to take the opportunity to welcome MAAGAP Insurance, Inc as the newest PSI signatory company and first PSI signatory company from the Philippines.
PSI Membership Reminders — For Action
PSI Disclosures — As a condition to maintain your PSI membership, all signatories are required to submit an annual disclosure outlining how your organisation is implementing the Principles for Sustainable Insurance. Please submit your annual disclosure to psi@unepfi.org. All members who joined in 2022 or before, please must make sure that your 2023 disclosure is available on the PSI website. Click here for more information on the disclosure process.
2025 PSI Membership Fees — All PSI Signatories are required to pay an annual fee to support the work of the PSI Initiative and its Secretariat at UNEP FI. Invoices have been sent to PSI Signatory Companies for 2025. Please notify the PSI Secretariat if your company has not received an invoice for next year.
PSI membership profile — Please remember to inform the PSI Secretariat of any changes related to your organisation, such as structure, brand name, or main contact information. This will ensure that the PSI and UNEP FI websites, as well as the contact information on record, are up to date.
Please click here to access the UNEP FI Member Only Area for further information on the benefits of UNEP FI membership (password: unepfi)
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