The transition to a more sustainable economy is urgently needed.
Sustainability risks can have an important impact on human, social and economic life. If not managed properly, they can pose material risks to the assets and liabilities of insurers and pension providers.
The insurance and pensions sectors are key contributors to the transition through their investments. As society’s risk managers, insurers impact on the transition through their decisions on which risks to cover and how to support risk mitigation and adaption measures.
To support the transition to a more sustainable economy, EIOPA aims to ensure that the insurance and pensions sector can continue protecting society for the long term. As a strategic priority throughout its work planning, sustainability is present in all areas of EIOPA’s work.
EIOPA's key areas of activity on sustainable finance cover:
Managing sustainability risksby integrating ESG risks in the prudential framework and support the analysis of sustainability risks.
Addressing protection gapsby measuring gaps and developing solutions.
Fostering sustainable behaviourby promoting sustainability reporting and conduct and fighting greenwashing.
Sharing expertise and data on cat risksby providing European supervisors and insurers with expertise, studies, tools and data to enable them to effectively assess, monitor and supervise catastrophe risks.