AOA

ICMIF site

ICMIF Member News(Excluding AOA Member News)

ICMIF launches world’s first Insurance SDG Benchmark measuring the impact of insurance on the UN Sustainable Development Goals

On Thursday 2 November 2023, at the ICMIF Sustainability Summit being held in London (UK), ICMIF launched the ICMIF Insurance SDG Benchmark. The benchmark is derived from the insurance SDG (i-SDG) scores of ICMIF members. It follows the launch of the ICMIF-calibrated Insurance SDG Calculator, the first tool to quantify insurance sustainability impact against the insurance Sustainable Development Goals (iSDGs), at the ICMIF Centenary Conference in Rome (Italy) in October 2022. Swiss Re Institute developed the underlying framework, which was calibrated with ICMIF members during 2022. The framework was inspired by the UN Principles for Sustainable Insurance (UN PSI) iSDG initiative, whose aim is to develop insurance-relevant adaptations to the UN Sustainable Development Goals (SDGs). The ICMIF-calibrated framework enables ICMIF members to measure iSDG sustainability impact within a company’s insurance portfolios and business operations.