Intact Financial Corporation is taking part in a United Nations pilot program that aims to tackle the issue of climate change and how it affects insurers around the globe.
The United Nations Environment Programme Finance Initiative (UNEP FI) Task Force will be working on the Climate-related Financial Disclosures (TCFD) pilot, which brings together 16 of the world’s largest insurers to discuss the impacts of climate change on the industry.
In addition to participating in the pilot program, Intact has also signed on to the UNEP FI Principles for Sustainable Insurance (PSI). The initiative is a global best-practice sustainability framework for the insurance industry to address environmental, social and governance (ESG) risks, a company release explained.
“Climate change is one of the most pressing public policy issues facing Canada and the world for the foreseeable future,” said Intact Financial CEO Charles Brindamour. “Being part of the TCFD insurer pilot will help us evaluate the impacts of climate change in a more standardized and transparent way – to help us build a stronger, more prosperous and resilient society.”