THE PRINCIPLES FOR SUSTAINABLE INSURANCE


Associated tags: UNEP, UNIS-UN Conference, Risk management, Renewable energy, ESG, Insurance, United Nations, Carbon, Principle, PSI, Commit, Hope, IMPACT, Farmer, United Nations Environment Programme Finance Initiative, Car, Biophysical environment, Farmers Insurance Group, Social Security Government Pension Offset, Sustainable development

Farmers Insurance Exchange First U.S.-based Insurer to Become Signatory of the United Nations Principles for Sustainable Insurance

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Wednesday, November 2, 2022
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WOODLAND HILLS, Calif., Nov. 2, 2022 /PRNewswire/ -- Increasing frequency and severity of natural disasters and other stressors across the United States and around the globe are exacting a greater toll on communities and neighborhoods of every kind. To help focus its efforts on developing innovative initiatives to reduce risk and intensify existing sustainability strategies, Farmers Insurance Exchange announced today it has become the first U.S.-based insurer to sign onto the United Nations Environment Programme Finance Initiative's Principles for Sustainable Insurance (the Principles), an international framework for the global insurance industry to address environmental, social and governance risks and opportunities. With this announcement, Farmers® joins over 200 organizations worldwide who have publicly committed to the Principles since they were introduced during the UN Conference on Sustainable Development in 2012.

Key Points: 
  • With this announcement, Farmers joins over 200 organizations worldwide who have publicly committed to the Principles since they were introduced during the UN Conference on Sustainable Development in 2012.
  • The United Nations Environment Programme Finance Initiative's (UNEP FI) Principles for Sustainable Insurance serves as a global framework for the insurance industry to address environmental, social and governance risks and opportunities.
  • "Farmers Insurance" and "Farmers" are tradenames for a group of insurers providing insurance for automobiles, homes and small businesses and a wide range of other insurance and financial services products.
  • Farmers Insurance Exchange, the largest of the three primary insurers that make up Farmers Insurance, is recognized as one of the largest U.S. companies on the 2022 Fortune 500 list.