AM Best became a signatory of the United Nations Environment Programme’s (UNEP) FI Principles for Sustainable Insurance (PSI). The PSI is endorsed by the UN Secretary-General and serves as a global framework for the insurance industry to address environmental, social and governance risks and opportunities.
AM Best believes that the insurance industry plays an important role in supporting sustainable economic and social development, and that management of Environmental, Social & Governance (ESG) efforts will strengthen the insurance industry’s contribution to building a resilient, inclusive and sustainable society.
Over 140 organizations worldwide have adopted the four Principles for Sustainable Insurance, including insurers representing more than 25% of world insurance premium volume and USD 14 trillion in assets under management. The Principles are part of the insurance industry criteria of the Dow Jones Sustainability Indices and FTSE4Good.
Our methodology incorporates ESG in our ratings opinions through catastrophe stress tests, A&E tests and ERM. For more information, visit: Best’s Credit Rating Methodology.