Our Sustainability Journey: A Commitment to the Principles for Sustainable Insurance
MAAGAP Insurance Inc. is proud to announce its formal commitment to sustainability as a newly minted signatory of the Principles for Sustainable Insurance (PSI) under the United Nations Environment Programme (UNEP). This milestone underscores our unwavering dedication to integrating environmental, social, and governance (ESG) principles into our core operations, creating value for clients, partners, employees, and communities.
We are proud to become a member of the UNEP Principles for #SustainableInsurance Initiative, and we commit to help build more resilient, inclusive, and sustainable communities and economies. By applying the global framework to our business activities, we will be able to better address environmental, social and governance (ESG) risks and opportunities. unepfi.org/psi
About the Principles for Sustainable Insurance Initiative
Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) Initiative serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities—and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers, and investors to building resilient, inclusive, and sustainable communities and economies on a healthy planet.
Developed by the United Nations Environment Programme Finance Initiative (UNEP FI), the PSI Initiative was launched at the 2012 UN Conference on Sustainable Development (Rio+20) and has led to the largest initiative between the UN and the global insurance industry. As of October 2024, more than 270 organizations have joined the PSI, including insurers representing about one-third of world premium and USD 15 trillion in assets under management, and the most extensive global network of insurance and stakeholder organizations committed to addressing sustainability challenges.
About the UNEP Finance Initiative
The United Nations Environment Programme Finance Initiative (UNEP FI) brings together a large network of banks, insurers and investors that catalyses action across the financial system to deliver more sustainable global economies.
UNEP FI works with more than 500 banks, insurers, and investors—and over 100 supporting institutions—to help create a financial sector that serves people and planet while delivering positive impacts. We aim to inspire, inform, and enable financial institutions to improve people’s quality of life without compromising that of future generations. By leveraging the UN’s role, UNEP FI accelerates sustainable finance.
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