Sustainable finance roundtable: EIOPA announces its sustainable finance activities for the coming three years
The European Insurance and Occupational Pensions (EIOPA) is organising today its 5th Sustainable Finance Roundtable which gathers representatives from supervisors, industry, consumer organisations, and academia to discuss society’s resilience to sustainability risks, the role of insurers and pensions and EIOPA’s work in this area.
On this occasion, EIOPA announced its three year plan which will help to integrate sustainable finance across all areas of its own work. From 2022-2024, EIOPA defined its key areas of activity:
Integration of sustainability risks in the prudential framework of insurers and pension funds by developing proposals for supervisory reporting of climate risks in Solvency II, analysing prudential treatment under Solvency II of assets and/or activities associated with environmental and/or social objectives. EIOPA also plans to report on underwriting practices and prudential treatment of the integration of climate change-related adaptation measures in non-life insurance products.
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