Sustainability has long been at the heart of the EU project and is key in ensuring long-term competitiveness of the EU economy.
EIOPA is putting in place a sustainable finance action plan with the aim of ensuring that:
- Insurers manage and mitigate ESG risks through their underwriting activity;
- Insurers and pension funds reflect policyholder and pension scheme member preferences for sustainable investments, where relevant;
- Insurers and pension funds adopt a sustainable approach in their investments based on principles of stewardship
EIOPA’s projects in sustainable finance
EIOPA carries out its action plan via several projects and consults with stakeholders, including on the development of tools and methods for ESG risk analysis and policy analysis to embed ESG risk analysis in regulation and supervision. EIOPA organised three Roundtables on Sustainable Finance, with participants from EIOPA’s Stakeholder Groups, the European Commission, representatives of the insurance and pensions, asset management and rating industries, and representatives of consumers associations and civil society.
EIOPA is a member of the Network for Greening the Financial System and of the Sustainable Insurance Forum and of the European Commission's technical expert group to assist the Commission in the taxonomy for sustainable economic activities.
In addition, EIOPA is aiming to improve its environmental performance as an institution and to lower its impact on the environment. EIOPA has registered to the EMAS (Eco Management and Audit Scheme).