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Insurers to get global standard for measuring ‘insured emissions’

by Cynthia Morel, Oct 8
1 minute read

The Partnership for Carbon Accounting Financials (PCAF) and the UN-convened Net-Zero Insurance Alliance has launched a working group to develop the standard. There is currently no equivalent global standard for insured emissions.

photography of white smoke

So what?

A global, standardised methodology is set to help re/insurers understand the climate impact of their underwriting decisions, laying the foundation to decarbonise their insurance and reinsurance portfolios through target setting, scenario analysis, strategy development, and individually taking concrete actions that have real-world impact through emissions reduction in the real economy.

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