Insurers should also keep customers informed by reporting on sustainability. A DNB study has shown that most Dutch institutions now publish an ESG report. I know that Dutch institutions are not alone in this. Institutions have developed a method to measure the carbon footprint of their investments and loans. They do this through the Platform for Carbon Accounting Financials (PCAF).
The Platform helps financial institutions to disclose and align investments with the Paris Agreement. Such methods are vital for investment practices. This is because major institutional investors, insurers and pension funds have potentially large exposures to transition risks. Stemming from the carbonintensive assets on their balance sheets. The investment portfolio of European pension funds and insurers together amounts to over 15 trillion euros.