Sustainable transformation - keynote
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CloseButch Bacani leads UN Environment Programme’s (UNEP) Principles for Sustainable Insurance Initiative (PSI), the largest collaboration between the UN and the insurance industry. Endorsed by the UN Secretary-General and insurance industry CEOs, the PSI is a global framework and initiative for the industry to address sustainability issues—as risk managers, insurers and investors—and to build resilient, inclusive and sustainable communities and economies on a healthy planet.
Butch leads initiatives that contribute to achieving the UN Sustainable Development Goals (SDGs) and Paris Climate Agreement. These include developing “Insurance SDGs”, establishing a Net-Zero Insurance Alliance, convening the world’s leading insurers to pilot the Financial Stability Board’s climate risk disclosure recommendations (TCFD), and working with the California Insurance Commissioner to develop the world’s first sustainable insurance roadmap. He co-led the development of the first global sustainability guide for the insurance business and the creation of UNEP’s Sustainable Insurance Forum for regulators. Butch was part of InsuranceERM’s inaugural list of the most influential people leading and shaping the insurance industry’s response to climate change, and has been recognised as one of the most influential sustainability leaders by Canada’s largest youth-led movement.
Butch led the global process that created the PSI in 2012, and UNEP’s insurance and investment programmes from 2006 to 2010, including activities with the Principles for Responsible Investment (PRI). He has shaped global insurance industry initiatives to address climate change, disaster risks, tobacco risks, illegal fishing and plastic pollution; and to protect UNESCO World Heritage Sites. Butch has authored pioneering studies on sustainable insurance and responsible investment. Prior to the UN, he was in the insurance industry for over a decade, working with leading insurers and reinsurers worldwide.
Butch is involved in the InsuResilience Global Partnership, Vulnerable Twenty Group of Finance Ministers (V20), California Climate Insurance Working Group, Insurance Development Forum, Microinsurance Network, and World Benchmarking Alliance.