Aspen Becomes Signatory to the UNEP Principles for Sustainable Insurance

Aspen News

We are pleased to announce that the United Nations Environment Programme Finance Initiative (UNEP FI) has confirmed Aspen’s status as a signatory to the Principles of Sustainable Insurance (PSI).

For Aspen to be successful and truly deliver on its vision to be a leading global specialty insurer and reinsurer, we recognize it is imperative that we make a positive impact on our environment, our communities and all our stakeholders. We want to do this not only because it is the right thing to do for our planet, but it also will lead to better outcomes for Aspen, its people, its partners and its investor.

Our Environmental Social and Governance (ESG) Report outlines how we achieve this together and incorporates an ESG-mindset across how we do business globally. A key part of this strategy has been actively participating in the United Nations Sustainable Development Goals for the past two years, and now, we will enhance our focus as a PSI signatory.

The UNEP FI aligns with our underwriting philosophy of practicing responsible insurance in support of creating a more sustainable society, and it will help guide us on placing both purpose and resilience next to profit when considering corporate responsibility. As a PSI signatory company, we will embed the UNEP FI’s four principles across our value chain, partner with key stakeholders to raise awareness of ESG issues and demonstrate accountability and transparency in the measurement of our success.

Aspen’s Executive Chairman and Group Chief Executive Officer, Mark Cloutier said: “By becoming a signatory of the UNEP FI Principles for Sustainable Insurance, we will be making these principles an integral part of our ESG strategy, our culture and day-to-day operations. We look forward to partnering with the UNEP and other signatories, who are equally dedicated and are taking responsible business action to create a more sustainable world.”