Amita Chaudhury on UN Insurance Board

1. Historic Appointment

• Amita Chaudhury is made the Chair of the Global Sustainable Insurance Board.
• This causes her to become the first woman of Indian origin to occupy this position.

2. Role and Mandate

• She will be the Chair of the Principles for Sustainable Insurance (PSI).
• The PSI is an international initiative of the UN Environment Programme Finance Initiative (UNEP FI).
• It strives to encourage and foster sustainable insurance practices globally.

3. Professional Background

• She has more than 20 years of experience in leadership around the world.
• She has worked in major global centres: Singapore, London and India.
• She has worked in senior positions in large organizations, including Unilever.

4. The Principles for Sustainable Insurance (PSI)?

• Introduced: during the 2012 UN Conference on Sustainable Development.
• Purpose: Gives the insurance industry worldwide a framework to respond to the environmental, societal and governance risks and opportunities of Environmental, Social and Governance (ESG).

5. About UNEP FI

• The overall organization is the UNEP Finance Initiative (UNEP FI).
• It is based in Geneva in Switzerland.