Statement From The UN Environment Programme On The Net-Zero Insurance Alliance Reports On Target Progress

On July 5, the UN Environment Programme (UNEP) released a statement on the Net-Zero Insurance Alliance's (NZIA) progress towards net-zero targets. The NZIA is convened by the UN Principles for Sustainable Insurance (PSI) and aims to decarbonize insurance and reinsurance underwriting portfolios in order to advance the transition to a net-zero economy. The commitment signed by NZIA members is accredited by the UN Race to Zero and the Alliance is a member of the Glasgow Financial Alliance for Net Zero (GFANZ).

Since its launch two years ago, NZIA has worked to develop foundational concepts and frameworks to support its member companies in their efforts to achieve net-zero emissions. These include the NZIA statement of commitment, the NZIA white paper on net-zero insurance, the PCAF Insurance-Associated Emissions Standard, and the NZIA Target-Setting Protocol.