ESG & Investing
Insurers Group Targeted by Anti-ESG Campaign Is Being Replaced
- New UN-backed group is called Forum for Insurance Transition
- The FIT alliance has focus on net zero insurance metrics
An entrance to the Lloyds of Lloyd Ltd. office building in London, UK.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
What was once the world’s biggest climate alliance for insurers is now being discontinued, after a wave of attacks by the Republican-led anti-ESG movement.
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday. The decision takes effect immediately, UNEP said.