Texel joins the United Nations Principles for Sustainable Insurance Initiative
The Texel Group is delighted to announce it has become a signatory of the United Nations Principles for Sustainable Insurance initiative.
Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities—and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies on a healthy planet.
“The Texel Group has a proud history of being a market leader in matters of corporate social responsibility and we are delighted to be the first specialist credit & political risk insurance broker to become a signatory of the United Nations Environment Programme’s Principles for Sustainable Insurance,” said Andy Lennard, Chairman of The Texel Group. “It is critical that the insurance industry takes a position of leadership to overcome the environmental crisis facing our planet. We are very much looking forward to future cooperation and collaboration with our fellow signatories to ensure we all rise to meet the challenges ahead.”
Developed by UN Environment Programme’s Finance Initiative, the PSI was launched at the 2012 UN Conference on Sustainable Development (Rio+20) and has led to the largest collaborative initiative between the UN and the insurance industry.
Over 180 organisations worldwide have adopted the four Principles for Sustainable Insurance, including insurers representing more than 25% of world premium volume and USD 14 trillion in assets under management. The Principles are part of the insurance industry criteria of the Dow Jones Sustainability Indices and FTSE4Good.