Aspen confirmed as UN signatory on sustainability principles

Aspen confirmed as UN signatory on sustainability principles | Insurance Business America

Aspen confirmed as UN signatory on sustainability principles

Bermuda-headquartered insurer Aspen has announced that the United Nations Environment Program Finance Initiative (UNEP FI) has confirmed the company’s status as a signatory to the Principles of Sustainable Insurance (PSI).

For the past two years, a key part of Aspen’s strategy has been active participation in the UN’s sustainable development goals. The company has now extended this commitment as a PSI signatory.

Aspen said that the UNEP FI aligns with its underwriting philosophy of practicing responsible insurance to support the creation of a more sustainable society. As a PSI signatory, Aspen will partner with stakeholders to raise awareness of ESG issues and demonstrate accountability and transparency in the measurement of its success, the company said.

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“In 2020, Aspen confirmed its support of the 10 principles of the United Nations Global Compact by joining this initiative and engaging in collaborative projects that put these principles into action,” said Mark Cloutier, chairman and CEO of Aspen. “Today, we extend that commitment by becoming a signatory of the UNEP FI Principles for Sustainable Insurance and will be making these principles an integral part of our ESG strategy, our culture and day-to-day operations.

"We look forward to partnering with UNEP and other signatories, who are equally dedicated and are taking responsible business action to create a more sustainable world.”