Difference between revisions of "Smart Risk Investing (SRI)"
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|Website address=http://www.icmif.org/news/insurance-industry-double-its-climate-smart-investment-end-2015 | |Website address=http://www.icmif.org/news/insurance-industry-double-its-climate-smart-investment-end-2015 | ||
|Starting year=2014 | |Starting year=2014 | ||
| − | |Secretariat= | + | |Secretariat=Led by the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS) |
| + | Shaun Tarbuck, CEO ICMF | ||
| + | |||
|Organisational structure=Unclear | |Organisational structure=Unclear | ||
|Geographical coverage=Global | |Geographical coverage=Global | ||
| Line 42: | Line 44: | ||
3. Beyond the UN’s Framework Convention on Climate Change in Paris (November 2015) the industry will further commit to increasing the amount invested in climate-smart investments to ten times the current amount by 2020. | 3. Beyond the UN’s Framework Convention on Climate Change in Paris (November 2015) the industry will further commit to increasing the amount invested in climate-smart investments to ten times the current amount by 2020. | ||
|Members=International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS). | |Members=International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS). | ||
| + | |Have only national states as participators=No | ||
| + | |Related initiatives= | ||
}} | }} | ||
Revision as of 10:09, 24 February 2017
General
| Name of initiative | Smart Risk Investing |
|---|---|
| LPAA initiative | Yes |
| NAZCA Initiative | Yes |
| Website address | http://www.icmif.org/news/insurance-industry-double-its-climate-smart-investment-end-2015 |
| Related initiatives | |
| Starting year | 2014 |
| End year | |
| Secretariat | Led by the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS)
Shaun Tarbuck, CEO ICMF |
| Organisational structure | Unclear |
| Geographical coverage | Global |
| Name of lead organisation | International Cooperative and Mutual Insurance Federation (ICMIF) |
| Type of lead organisation | Corporate |
| Location/Nationality of lead organisation | United Kingdom |
Description
| Description | The global insurance industry, which currently accounts for a third of the world’s investment capital, yesterday (23 September, 2014) took centre stage at the UN Climate Summit in New York. Pledging a rise in its climate-smart investments - from $42 billion to $84 billion by end of 2015 – the insurance industry is set to transform its mainstream asset management by placing a more emphasis on climate risk.
For the first time ever, the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS), spoke as one voice at the UN Secretary-General’s Climate Summit. |
|---|---|
| Objectives | 1. Create and monitor a Climate Risk Investment Framework that will become accountable under the new UN Hyogo Framework for its adoption across the insurance industry, which will impact significantly climate and disaster risk reduction and resilience.
2. Commit to doubling the industry investment in climate-smart investments from the current $42 billion to $84 billion by end of 2015 3. Beyond the UN’s Framework Convention on Climate Change in Paris (November 2015) the industry will further commit to increasing the amount invested in climate-smart investments to ten times the current amount by 2020. |
| Activities | |
| One or two success stories achieved |
Monitoring and Impacts
| Function of initiative | Capacity building, Funding |
|---|---|
| Activity of initiative | Financing, Training and education |
| Indicators | |
| Goals | |
| Comments on indicators and goals | |
| How will goals be achieved | |
| Have you changed or strenghtened your goals | |
| Progress towards the goals | |
| How are you tracking progress of your initiative | |
| Available reporting |
Participants
| Participants | Number | Names |
|---|---|---|
| Members | 0 | |
| Companies | 0 | |
| Business organisations | 0 | |
| Research and educational organisations | 0 | |
| Non-governmental organisations | 0 | |
| National states | 0 | |
| Governmental actors | 0 | |
| Regional / state / county actors | 0 | |
| City / municipal actors | 0 | |
| Intergovernmental organisations | 0 | |
| Financial Institutions | 0 | |
| Faith based organisations | 0 | |
| Other members | 0 | |
| Supporting partners | 0 | |
| Number of members in the years | | |
| Have only national states as participators | No | |
Theme
| Transport | Agriculture | Forestry | Business | Financial institutions | Buildings | Industry | Waste | Cities and subnational governments | Short Term Pollutants | International maritime transport | Energy Supply | Fluorinated gases | Energy efficiency | Renewable energy | Supply chain emission reductions | Adaptation | Other | Resilience | Innovation | Energy Access and Efficiency | Private Finance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No | No | No | No | Yes | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | Yes |
Last update: 11 October 2019 10:05:41
Not only have national states as participators