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ICMIF members hold $576bn in sustainable investment frameworks

1st April 2022 - Author: Katie Baker

International Cooperative and Mutual Insurance Federation (ICMIF) members have $576 billion of assets under management in investments aligned to sustainable investment frameworks, according to the ICMIF Members Sustainable Investment Report 2021.

icmif-logoThe report shows how the Federation’s members are collectively investing in green bonds, social bonds and resilience bonds; many of which will be targeting climate change and its effects.

ICMIF members confirmed that $576 billion of their assets under management are investments aligned to sustainable investment frameworks.

There are multiple investment frameworks, but the members who responded to our survey show that the UNEP-Convened Principles for Responsible Investing (PRI) and its newer form the Net-Zero Asset Owner Alliance (NZAOA) are the primary frameworks adopted by ICMIF members.

Green bonds, other sustainable bonds and renewables investing have also seen more than 100% increases in investment since last year.

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Sustainability reporting is growing with most members stating that they actively report on sustainability in some way.

Mutual and cooperative insurers represent almost 30% of the world’s insurance market and $10 trillion in assets.

The insurance industry is uniquely positioned to assist with delivering climate action as it has both the assets to invest and the in-depth knowledge of the many risks that need to be mitigated both on a macro level and a community level to make both people and our planet more resilient.

Shaun Tarbuck, ICMIF CEO said “The ICMIF Members Sustainable Investment Report reveals the results of the 2021 ICMIF Sustainability Investment Framework Survey which are testament to how our members have gone from strength to strength since the inception of this survey in 2019.

“Our latest findings show solid forward-momentum from the mutual and cooperative insurance sector towards a greener future.”

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