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Psi insurance4/2/2023 ![]() ![]() This UNEP consultancy contract is being funded by FSD Africa. It is funded by UK aid from the UK government. Based in Nairobi, FSD Africa’s team of financial sector experts work alongside governments, business leaders,¿regulators,¿and policy makers to design and build ambitious¿programmes¿that make financial markets work better for everyone.❾stablished in 2012, FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. The PSI is a global initiative to strengthen the insurance industry’s contribution to building resilient, inclusive and sustainable communities and economies on a healthy planet in support of the UN Sustainable Development Goals (SDGs), Paris Climate Agreement, Sendai Framework for Disaster Risk Reduction, and Post-2020 Global Biodiversity Framework.Īs the largest collaborative initiative between the UN and the insurance industry the PSI membership comprises over 170 insurance and stakeholder organisations worldwide, including insurers representing more than 25% of world premium volume and USD 14 trillion in assets under management.įSD Africa is a specialist development agency helping to make finance work for Africa’s future. ![]() Through its work-streams and regional activities, peer learning, methodology development, training and research, UNEP FI carries out its mission to help the financial industry align with and contribute to the Sustainable Development Goals and with that take on the crucial role it must play in achieving a sustainable future.Įndorsed in 2012 by the then UN Secretary-General, Ban Ki-moon, and by insurance industry CEOs, UNEP’s Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) issues-such as climate change, biodiversity loss and ecosystem degradation, pollution and social inequality-as risk managers, insurers and investors. For over 29 years UNEP FI has been shaping and driving the international sustainable finance agenda, setting global standards, and growing a global network of leading financial institutions. The United Nations Environment Programme Finance Initiative (UNEP FI) is the strategic partnership between the United Nations and over 400 banks, insurers, and investors. It promotes the development, use and transfer of policies, technologies, economic instruments, managerial practices and other tools that assist in environmentally sound decision making and the building of corresponding activities. The overall objective of the UNEP’s Economy Division is to encourage decision makers in government, local authorities and industry to develop and adopt policies, strategies and practices and technologies that promote sustainable patterns of consumption and production, make efficient use of natural resources, ensure safe management of chemicals and contribute to making trade and environment policies mutually supportive. The United Nations Environment Programme (UNEP) is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment. ![]() The duration of the contract is 12 months. The ultimate result of the services is the effective and efficient coordination, delivery and implementation of the PSI global work programme in Africa, in line with the PSI’s purpose to better understand, prevent and reduce environmental, social and governance risks, and better manage opportunities to provide quality and reliable risk protection and the PSI’s vision of a risk aware world, where the insurance industry is trusted and plays its full role in enabling a healthy, safe, resilient and sustainable society. ![]()
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