ESG Asset Screenings – Insurance

Since 2019, the Austrian Financial Market Authority (FMA) has conducted various analyses of the transitional risks in investment, in order to identify those assets in the portfolios that would be exposed to potentially higher fluctuations in price during a transition to a more CO₂-neutral economy. Assets are allocated to one of six sectors defined as “climate-relevant” based on their underlying NACE codes.

Furthermore, individual asset categories have been valued and analysed under different transition scenarios regarding the decarbonisation of the economy, about the extent to which companies in which insurers invest need to reduce their CO₂ emissions to achieve a pathway that conforms with the Paris Climate Agreement’s objectives.

See the pages (in German only) on FMA-Informationsveranstaltungen or Berichte zur Lage der österreichischen Versicherungswirtschaft for further details.