The Chartered Insurance Institute has published a green finance companion guide that aims to provide members with advice on incorporating green finance-related thinking into their decision-making, and sets out their need to act as role models when it comes to sustainability.

The guide – which is available to all insurance and finance professionals – highlights action plans, resources and commitments made by regulators, governments and federations across the world to enable effective change.

The publication summarises the CII’s expectations of members in relation to each element of its code of ethics, including the promotion of professional standards throughout the sector, sharing good practice and seeking alignment and commonality with other firms.

Alan Vallance, CII chief executive, said: “One of the greatest needs of our time is to make sustainable choices for the future, and be mindful of protecting our environment and natural resources. Clients are increasingly aware and concerned about their impact on the planet, and many firms in which professionals work have ESG policies that they expect their staff to uphold.

“This companion guide seeks to help insurance and personal finance professionals understand that their responsibilities when it comes to Green Finance are part of their duty to act ethically, and learn about how they can make a difference day to day to meet the needs of the planet, as well as the needs of their clients.”

Rebekah Clement, sustainability director at Lloyd’s of London, added: “Now more than ever, businesses and individuals are expected to play their part in tackling the far-reaching issues facing society. Whether embedding sustainability principles deep within an organisation’s purpose or deploying our expertise, resource and aid in the face of a humanitarian crisis, the challenge remains constant as does the need for action. I hope this guide encourages further collaboration as we continue our work to build a more resilient, sustainable and inclusive finance sector for the years to come.”

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