International freight transport insurer TT Club has committed to the UN’s initiative designed to unite the global insurance sector’s efforts to achieve sustainability and improve the health of the planet.
“By applying the principles of this United Nations’ initiative, TT Club is underlining its commitment in a way that is relevant to its global risk management and insurance operations”, the insurer said.
The Principles for Sustainable Insurance (PSI) is a global framework for the insurance industry to address ESG risks and opportunities launched in 2012 by the UN Environment Programme Finance Initiative (UNEPFI).
Commenting on the news that TT Club has been accepted as a PSI signatory, CEO Charles Fenton said that “as a mutual insurer our overarching purpose is to make the international transport and logistics industry safer, more secure and as a result, more sustainable. We see the challenges our Members face to tackle sustainability head on and work hard to support them wherever we can. The Principles for Sustainable Insurance align with the Club’s approach in servicing its Members and we look forward to working with other like-minded organisations towards this common goal.”