The ultimate result of the services is the effective and efficient management, delivery and implementation of the PSI global work programme, in line with the PSI’s purpose to better understand, prevent and reduce environmental, social and governance risks, and better manage opportunities to provide quality and reliable risk protection; and the PSI’s vision of a risk aware world, where the insurance industry is trusted and plays its full role in enabling a healthy, safe, resilient and sustainable society.Work Location
Working Remotely and/or Geneva, SwitzerlandExpected duration
The duration of the contract would be for 12 Months with possibility of renewal.Duties and Responsibilities
Established in 1972, the United Nations Environment Programme (UNEP) is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the UN system, and serves as an authoritative advocate for the global environment.
Founded in 1992, UNEP’s Finance Initiative (UNEP FI) is a partnership between UNEP and the global financial sector to mobilise private sector finance for sustainable development. UNEP FI works with more than 360 members—banks, insurers, and investors—and over 100 supporting institutions—to help create a financial sector that serves people and planet while delivering positive impacts.
Endorsed in 2012 by the then UN Secretary-General, Ban Ki-moon, and by insurance industry CEOs, UNEP’s Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) issues—such as Climate Change, Biodiversity loss and ecosystem degradation, pollution and social inequality—as risk managers, insurers and investors. The PSI is a global initiative to strengthen the insurance industry’s contribution to building resilient, inclusive and sustainable communities and economies on a healthy planet in support of the UN Sustainable Development Goals (SDGs), Paris Climate Agreement, Sendai Framework for Disaster Risk Reduction, and Post-2020 Global Biodiversity Framework.
As the largest collaborative initiative between the UN and the insurance industry the PSI membership comprises over 170 insurance and stakeholder organisations worldwide, including insurers representing more than 25% of world premium volume and USD 14 trillion in assets under management.
Under the direction and supervision of the PSI Programme Leader, the Consultant will support the management, delivery and implementation of the PSI global work programme.
As risk managers, insurers and investors, the insurance industry is uniquely positioned to promote economic, social and environmental sustainability—in other words, sustainable development.
The four Principles for Sustainable Insurance, including a list of possible actions, provide a common aspiration and global framework for the insurance industry to manage sustainability issues, and to strengthen its contribution to building resilient, inclusive and sustainable communities and economies on a healthy plant. The Principles are structured according to the spheres of influence of an insurance company, from core business strategies and operations, through to business partners, governments, regulators and other key stakeholders. Furthermore, the Principles promote accountability and transparency.
PSI global work programme The Consultant will support the PSI Programme Leader, wider PSI and UNEP FI team, PSI members and partner organisations in the management, delivery and implementation of the PSI global work programme. The work programme comprises collaborative projects and activities structured around 8 priority work areas, which support the implementation of UNEP’s Medium-Term Strategy 2022-2025 – on the road to 2030.
a. Sustainable insurance frameworks for the SDGs Developing a set of “Insurance Sustainable Development Goals”, a PSI global initiative launched in July 2020.
Supporting the implementation of and updating the first global insurance industry guide developed by the PSI to manage environmental, social and governance risks in non-life insurance business to advance sustainable insurance practices that support the achievement of the SDGs b. Climate change, Disaster Risk Management and inclusive insurance Supporting the work of the PSI Net-Zero Insurance Underwriting Alliance (IUA) (initiated in December 2020; to be established in 2021) that will transition insurance portfolios to net-zero emissions to help achieve the aims of the Paris Agreement. The IUA builds on the climate leadership of insurers to transition their investment portfolios to net-zero emissions through the UN-convened Net-Zero Asset Owner Alliance (AOA).
Supporting the implementation of the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD) through the key findings and outcomes of the PSI’s TCFD pilot project on climate-related physical, transition and litigations risks in the context of insurance portfolios, and potential next phases.
Supporting the development of climate, disaster risk and inclusive insurance solutions for vulnerable communities, including a Sustainable Insurance Facility for V20 member countries, and initiatives such as the FSD Africa, Microinsurance Network, ILO’s Impact Insurance Facility, Insurance Development Forum, InsuResilience Global Partnership, and Munich Climate Insurance Initiative c. Biodiversity, ecosystems and pollution prevention Supporting the implementation of pioneering global insurance industry guidance: o The guide developed by the PSI, WWF and UNESCO to protect World Heritage Sites o The guide developed by the PSI to tackle the risks of plastic pollution, marine plastic litter and microplastics, and exploring further work in specific insurance lines and/or asset classes o The guide developed by the PSI and Oceana to tackle illegal, unregulated and unreported fishing Producing a global report on environmental liability and sustainable insurance Exploring biodiversity and ecosystem risk assessment tools and frameworks tailored for the insurance industry Supporting the agenda of aligning financial portfolios with the Post-2020 Global Biodiversity Framework and initiatives such as the Task Force on Nature-related Financial Disclosures (TNFD) and UNEP FI Sustainable Blue Economy Finance Initiative d. Life & health insurance industry Shaping the global agenda for the life & health insurance industry and sustainable development through a scoping and strategy paper Supporting the Tobacco-Free Finance Pledge for banks, insurers and investors e. Cities Supporting the implementation of the Insurance Industry Development Goals for Cities developed by the PSI and ICLEI to help achieve UN Sustainable Development Goal 11 on resilient and sustainable cities f. Sustainable insurance roadmaps and strategies Contributing to the development of sustainable insurance roadmaps and strategies in several countries and jurisdictions, such as the work to develop sustainable insurance roadmaps in California and Canada g. Insurance industry policy, supervision and regulation Engaging with UNEP’s Sustainable Insurance Forum (SIF), an international network of insurance regulators and supervisors that aims to promote cooperation on critical sustainability challenges and opportunities Contributing to the insurance industry-related priorities of the COP26 Private Finance Hub Contributing to the International Platform on Sustainable Finance (including the EU Sustainable Finance Taxonomy), consultations on sustainable insurance/finance policy and regulatory initiatives, and UN processes relevant to sustainable insurance/finance h. Shaping the sustainable insurance agenda and knowledge sharing Shaping the sustainable insurance agenda by convening insurance industry leaders and practitioners, regulators and supervisors, and key stakeholders nationally, regionally and internationally through events and webinars such as the PSI-Swiss Re virtual event series on sustainability leadership in insurance, the PSI CEO sustainability leadership series launched in 2020 during Climate Week NYC and the UN Biodiversity Summit and PSI Africa Market Events Specifically, the Consultant will support the PSI Programme Leader in carrying out the following main duties and responsibilities: Developing and managing priority work areas in the PSI global work programme and their links and contributions to the UNEP Medium-Term Strategy 2022-2025 and relevant global frameworks, particularly the UN Sustainable Development Goals, Paris Climate Agreement, Sendai Framework for Disaster Risk Reduction, and the Post-2020 Global Biodiversity Framework Preparing for, managing and participating in PSI Board meetings (about 4 times a year) that will shape and monitor the PSI strategy and work programme Preparing for, managing, communicating and participating in PSI leadership events and knowledge-sharing webinars on best practice and emerging practice sustainable insurance thinking and practices Growing the PSI membership by recruiting PSI signatory companies and PSI supporting institutions across developing and Developed Countries, and onboarding them to the PSI Initiative Coordinating with UNEP FI thematic leads (i.e. climate change, biodiversity & ecosystems, positive impact) and UNEP FI regional coordinators (i.e. Africa & Middle East, Asia-Pacific, Europe, Latin America & the Caribbean, North America) on PSI activities and UNEP FI financial sector-wide activities Managing PSI communications across projects and activities, including social media promotion and updating the PSI and UNEP FI websites Delivery and implementation of the PSI global work programme, including the following main output expectations and performance indicators: Delivery of Insurance SDGs at the global level, roadmaps at the insurance industry level, insurance portfolio targets at the company level, definition of sustainable insurance business, and measurement tools including an Insurance SDGs calculator Commitments, methodologies and targets to achieve net-zero insurance underwriting portfolios Methodologies to better assess, manage and disclose climate-related physical, transition and litigation risks in insurance portfolios in line with the TCFD recommendations Sustainable Insurance Facility for V20 member countries PSI global report on environmental liability and sustainable insurance Updated PSI global sustainability guide for non-life insurance business PSI global report on the life & health insurance industry and sustainable development Delivery of pilot sustainable insurance roadmaps in one or two jurisdictions Well-coordinated communications on key outputs of PSI projects and activities At least 10 PSI events and webinars promoting sustainable insurance thinking and practices At least 10%-20% increase in PSI membership Specifically, the Consultant will support the PSI Programme Leader in carrying out the following main duties and responsibilities: Developing and managing priority work areas in the PSI global work programme and their links and contributions to the UNEP Medium-Term Strategy 2022-2025 and relevant global frameworks, particularly the UN Sustainable Development Goals, Paris Climate Agreement, Sendai Framework for Disaster Risk Reduction, and the Post-2020 Global Biodiversity Framework Preparing for, managing and participating in PSI Board meetings (about 4 times a year) that will shape and monitor the PSI strategy and work programme Preparing for, managing, communicating and participating in PSI leadership events and knowledge-sharing webinars on best practice and emerging practice sustainable insurance thinking and practices Growing the PSI membership by recruiting PSI signatory companies and PSI supporting institutions across developing and developed countries, and onboarding them to the PSI Initiative Assisting with the Coordination and working with the UNEP FI thematic leads (i.e. climate change, biodiversity & ecosystems, positive impact) and UNEP FI regional coordinators (i.e. Africa & Middle East, Asia-Pacific, Europe, Latin America & the Caribbean, North America) on PSI activities and UNEP FI financial sector-wide activities Assisting with PSI communications across projects and activities, including social media promotion and updating the PSI and UNEP FI websites The Consultant will report to and be supervised by the PSI Programme Leader, and the overall responsible will rest with the UNEP FI Head of Unit.
Skills: The successful candidate should have strong analytical and programme management skills, excellent spoken and written communication skills; should be able to carry out manage multiple projects and activities in an organised and timely manner; and should be a team player and able to communicate and interact effectively with various internal and external stakeholders in the private and public sectors, across multiple cultural and professional backgrounds. This role entails critical thinking and strong relationship building and communication skills. The Consultant should demonstrate the UN’s core values—integrity, professionalism, and respect for diversity—at all times.
Academic Qualifications: An advanced university degree (Master's degree or equivalent degree) in risk management, insurance, finance, business, development economics, environmental/sustainability issues, urban studies, international relations, Administration or related fields. A first-level university degree in combination with four years of qualifying experience may be accepted in lieu of the advanced university degree.
Experience: A minimum of two years of progressively responsible experience preferably in the insurance industry or the broader financial or business sector and/or organisations involved in promoting sustainable insurance, investment, finance and/or business strategies and operations. Prior experience at the international level is advantageous. Proven experience in project management is desirable.
Language: English is the working language of the PSI and UNEP FI Secretariat, so oral and written fluency in English is required. Fluency in other languages, particularly official UN languages, is highly desirable.
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.