Australian Sustainable Finance Initiative (ASFI)
In Australia, IAG is Co-Chair of ASFI (alongside RIAA), which is working to set a roadmap to realign the finance sector to support greater social, environmental and economic outcomes.In December 2019, ASFI released its first progress report, identifying six critical challenges that the finance sector must address to navigate risks and opportunities for Australia’s future resilience, prosperity and wellbeing including Leadership,culture and institutional structures; Community and consumer interests and expectations; Frameworks, tools and standards; Decision-making and valuation; Unlocking sustainable finance and allocating capital to where it is needed; and Policy, regulation and supervision.In this forum, IAG contributes knowledge, insights and capability towards developing sector-wide approaches to the availability and affordability of insurance products and addressing sustainability issues which are affecting financial systems.
The Aotearoa Circle – Sustainable Finance Forum
In New Zealand, IAG plays a key role in the Sustainable Finance Forum which is a partnership of public and private sector leaders committed to sustainable prosperity and the conservation of natural resources across the country. In this forum, IAG contributes knowledge, insights and capability towards developing sector-wide approaches to the availability and affordability of insurance products and addressing sustainability issues which are affecting financial systems.