{"id":9508861,"date":"2025-04-08T16:43:35","date_gmt":"2025-04-08T14:43:35","guid":{"rendered":"https:\/\/www.fma.gv.at\/?page_id=9508861"},"modified":"2025-07-01T13:04:19","modified_gmt":"2025-07-01T11:04:19","slug":"green-insurance-products","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/insurance\/sustainable-finance-insurance\/green-insurance-products\/","title":{"rendered":"Green Insurance Products"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><div class=\"wp-block-cover is-light has-custom-content-position is-position-bottom-right\"><img loading=\"lazy\" decoding=\"async\" width=\"1700\" height=\"716\" class=\"wp-block-cover__image-background wp-image-3025623\" alt=\"\" src=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/04\/GrueneProdCover.jpg\" style=\"object-position:50% 40%\" data-object-fit=\"cover\" data-object-position=\"50% 40%\" srcset=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/04\/GrueneProdCover.jpg 1700w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/04\/GrueneProdCover-320x135.jpg 320w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/04\/GrueneProdCover-640x270.jpg 640w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/04\/GrueneProdCover-1536x647.jpg 1536w\" sizes=\"auto, (max-width: 1700px) 100vw, 1700px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#74974b\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"has-text-align-right has-medium-font-size wp-block-paragraph\">Green Insurance Products<\/p>\n<\/div><\/div><div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div><p class=\"wp-block-paragraph\">To prevent the threat of greenwashing from the outset, the Austrian Financial Market Authority (FMA) has been performing analyses since 2021 about sustainability-related disclosures of Austrian life insurers with a focus on the insurance undertaking&rsquo;s product-specific disclosures. Initial findings showed that the presentations on websites regarding sustainability-related disclosure were very heterogeneous. Over 80% of insurers offering life insurance products incorporate sustainability into their product design. Insurance undertakings currently primarily offer &ldquo;green&rdquo; products in the form of unit-linked life insurance plans. Disclosures are only made pursuant to Article&nbsp;8 Sustainable Finance Disclosure Regulation (SFDR) (products promoting environmental or social characteristics), but not in accordance with Article&nbsp;9 SFDR (products, that pursue a sustainable investment). Four insurers do not consciously advertise using sustainability aspects. The circumstances under which a life insurance product is to be classified as being &ldquo;green&rdquo;, and therefore the SFDR&rsquo;s specific disclosure requirements it is subject to are not always unambiguous. Article&nbsp;8 SFDR focuses on the &ldquo;promotion&rdquo; of environmental and social characteristics, with the European Commission having a very broad understanding of the term &ldquo;promotion&rdquo;.<\/p><div class=\"wp-block-image\">\n<figure data-wp-context='{\"imageId\":\"6a384af86cc5f\"}' data-wp-interactive=\"core\/image\" data-wp-key=\"6a384af86cc5f\" class=\"aligncenter size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"413\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/image-21.png\" alt=\"\" class=\"wp-image-9608331\" srcset=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/image-21.png 827w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/image-21-320x160.png 320w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/image-21-640x320.png 640w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/image-21-825x413.png 825w\" sizes=\"auto, (max-width: 827px) 100vw, 827px\" \/><button class=\"lightbox-trigger\" type=\"button\" aria-haspopup=\"dialog\" data-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\" data-wp-init=\"callbacks.initTriggerButton\" data-wp-on--click=\"actions.showLightbox\" data-wp-style--right=\"state.thisImage.buttonRight\" data-wp-style--top=\"state.thisImage.buttonTop\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewbox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\"><\/path>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: FMA Analysis of SFDR Disclosures, as at: Q1 2024<\/figcaption><\/figure>\n<\/div><p class=\"wp-block-paragraph\">For further details see (downloads in German only):<\/p><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.fma.gv.at\/download.php?d=7270\" target=\"_blank\" rel=\"noreferrer noopener\">Green Life Insurance Products 2024<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.fma.gv.at\/download.php?d=6302\" target=\"_blank\" rel=\"noreferrer noopener\">Green Life Insurance Products 2023<\/a><\/li>\n<\/ul><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To prevent the threat of greenwashing from the outset, the Austrian Financial Market Authority (FMA) has been performing analyses since &#8230;<\/p>\n","protected":false},"author":20,"featured_media":3025619,"parent":9502647,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"landing-page.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-9508861","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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