Details
- Publication date
- 7 December 2021
Description
EIOPA's priorities to address sustainability risk
Through its work on sustainable finance, EIOPA aims to ensure that (re)insurers and occupational pension funds integrate sustainability risks in their risk management, to protect consumers and secure financial stability.
The activities reflect the need for global action to enable decisive progress on the transition to a more sustainable economy. While continued emphasis is being put on climate-related initiatives, other elements of environmental, social and governance (ESG) risks will deserve enhanced attention, and increasing consideration will be given to social aspects.
The key areas of activity build on EIOPA’s deliverables on sustainable finance since 2018, and are reflected in the EU Commission’s priorities included in the Strategy for Financing the Transition to a Sustainable Economy and Climate Adaptation Strategy, as well as recent regulatory initatives.
