briefINSIGHT by UNEP Finance Initiative
Authored by UNEP FI’s Principles for Sustainable Insurance Initiative (PSI) and Nature Teams, this briefing paper articulates the role that insurers can play in supporting the goals of the Kunming-Montreal Global Biodiversity Framework and ultimately support the transition to a nature-positive global economy.
The themes presented in the paper build on the long-standing work of the PSI in addressing nature-related risks over the past decade—from tackling illegal, unreported and unregulated (IUU) fishing, environmental pollution liability, plastic pollution and high-impact hydropower projects; to protecting UNESCO World Heritage Sites and building climate resilience by protecting ecosystems such as coral reefs and mangrove forests. This work culminated in the agenda-setting PSI Nature-Positive Insurance Series in 2021 co-organised by the UN Convention on Biological Diversity, as well as the inclusion of nature-related risks in the development of the first-ever environmental, social and governance (ESG) guides for non-life insurance (2020) and life & health insurance (2022) produced by the PSI.
Explore the report
Nature-Positive Insurance: Evolving Thinking and Practices
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