BIBA has shown its commitment to supporting the sustainable development agenda through becoming a signatory of the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance and we aim to play our part in supporting our members in solving these challenges. We will look to embed the values supported by the UNEP FI Principles for Sustainable Insurance firmly in the Association’s activities in the years ahead.
As a supporting organisation we will keep that approach to sustainable insurance in mind when organising our ESG activities and will embed four key aspirational and voluntary principles ‘across our spheres of influence, subject to applicable laws, rules and regulations and duties owed to shareholders and policyholders.’
The Principles are as follows:
Principle 1
We will embed in our decision-making environmental, social and governance issues relevant to our insurance business.
Principle 2
We will work together with our clients and business partners to raise awareness of environmental, social and governance issues, manage risk and develop solutions.
Principle 3
We will work together with governments, regulators and other key stakeholders to promote widespread action across society on environmental, social and governance issues.
Principle 4
We will demonstrate accountability and transparency in regularly disclosing publicly our progress in implementing the principles.
Read more about the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance – https://www.unepfi.org
Sustainable Development Goals (SDGs)
The United Nations’ Sustainable Development Goals are 17 goals for sustainable development that all UN member nations have agreed to adopt. They provide an integrated framework for addressing the most urgent global sustainability challenges.