Sustainable Finance – Insurance
FMA Priorities for Supervision regarding Sustainable Finance – Insurance
Insurance undertakings will take on a key role in the structural change towards a climate-neutral economy. As providers of insurance products as well as being institutional investors they may contribute significantly to reducing the impact of climate change and to make the transition to a more sustainable and more resilient economy. By integrating sustainability aspects in relation to Environmental, Social and Governance (ESG) factors into the regulatory and supervisory legal frameworks, capital flows should now accordingly be diverted towards sustainable investments in accordance with the European Commission’s Action Plan on Sustainable Finance and the Green Deal, and measures pushed for overcoming financial risks arising from climate change, natural catastrophes and social problems as well as for promoting transparency and long-term thinking in financial and economic activities.
