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G7 Ministers highlight importance of Sustainable Finance in 2017 Communiqué

In a communique released on 12 June at the end of a two-day meeting in Bologna, hosted by Italy, G7 environment ministers – including the US – called increased sustainable financing “fundamental” to the achievement of sustainability and climate goals.

Communiqué – G7 Bologna Environment Ministers’ Meeting, Bologna, Italy, 11-12 June 2017

The UNEP Inquiry into the Design of a Sustainable Financial System presented two reports at the meeting, which were endorsed in the final communique.:

  1. Mobilizing Sustainable Finance for SMEs
  2. Financial Centres for Sustainability

International Insurance Regulators establish Sustainable Insurance Forum

In December 2016, UN Environment convened insurance regulators and supervisors from around the world to launch the Sustainable Insurance Forum for Supervisors (SIF).

SIF is a network of insurance supervisors and regulators from around the world who are working together on the sustainability challenges facing the business of insurance. It serves as a global platform for knowledge sharing, research and collective action.

The Forum is a groundbreaking initiative to strengthen insurance regulators’ understanding of and responses to sustainability challenges, as well as the opportunities for the insurance business.

The SIF is a joint initiative of the Principles for Sustainable Insurance (PSI), the global framework created by UN Environment Finance Initiative, and UN Environment’s Inquiry into the Design of a Sustainable Financial System (Inquiry).

For more info, visit