NH NongHyup Insurance Joins UN Principles for Sustainable Insurance

NH Nonghyup Life Insurance announced on the 1st that it has joined the Principles for Sustainable Insurance (PSI) proclaimed by the United Nations Environment Programme Finance Initiative (UNEP FI).

[Asia Economy Reporter Oh Hyung-gil] NH NongHyup Property & Casualty Insurance announced on the 1st that it has joined the Principles for Sustainable Insurance (PSI) declared by the United Nations Environment Programme Finance Initiative (UNEP FI).

The Principles for Sustainable Insurance incorporate sustainability-related elements into the overall management of insurance companies to respond to climate change and promote a sustainable insurance management culture. More than 120 insurance companies worldwide have joined.

On the 30th of last month, NongHyup P&C held the 3rd ESG (Environmental, Social, and Governance) Advisory Committee at its headquarters in Seodaemun-gu, Seoul, to review the progress of ESG management, including ESG investment plans, ESG product strategies, the spread of eco-friendly management culture, and social responsibility management, and to discuss key issues.

Choi Chang-soo, CEO of NongHyup P&C, stated, "Taking this opportunity to join the Principles for Sustainable Insurance, we will firmly strengthen NongHyup Property & Casualty Insurance's ESG management," adding, "We will further strive to expand ESG insurance products and services, strengthen green finance investments, and increase participation and exchanges in international agreements."

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