Learn more about Pacific Life Re
How important is responsible investing in creating a more sustainable insurance industry?
We are very long-term driven, and sustainably is not just a buzzword for us. It is the way we manage our business and deliver long-term value that benefits our planet. Ethical care for social good is one of our core responsibilities. Responsible investment through the funding of companies, programmes, technologies and ideas that are fully aligned with ESG principles is the most critical and impactful pillar of our ESG strategy at Pacific Life Re.
We are very long-term driven, and sustainably is not just a buzzword for us
ESG is all about how we fulfil our mission as a company and how we work alongside our social mission
How do elements such as wellbeing, diversity and inclusivity factor into ESG considerations?
The role of life insurance is to provide long-term financial protection to individuals and families through mutualisation, both across geographies and across various types of risks such as pension or protection risks. Consequently, this role is very oriented towards social good. ESG is all about how we fulfil our mission as a company and how we work alongside our social mission.
We want social good in our working environment, and that means aligning the “how” with the “why” and the “what”. We praise diversity and inclusion because they reflect our society. They boost creativity and innovation. We care for the physical and mental wellbeing of our people simply because they are our biggest asset.
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Given its role in providing long-term protection to people, the life insurance industry is naturally orientated towards ESG.
Vincent Lepez, Managing Director, Europe at Pacific Life Re, explains how a focus on ethical care through social good, long-term responsible investment decisions and sustainable principles helps his firm to fulfil its mission.
INTRODUCTION | Video interview | ESG considerations | Environmental impact | responsible investment | self-compliance
Environmental impact
ESG considerations
Video interview
INTRODUCTION
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#04
An
Audience
With
Vincent Lepez on what ESG means for the life insurance industry
Can life reinsurance have a tangible environmental impact?
Due to our industry’s focus on risk affecting individuals, our connection to the environment may seem indirect, but it is particularly meaningful. Through management of very long-term financial risks, we are institutional investors, and the assets we manage flow through the global economy. Therefore, we need to be mindful that our investment decisions are responsible, ethical and oriented towards a much more sustainable future. That includes investing into technologies, companies or initiatives that drive real change.
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What kind of self-compliance is required to achieve these goals?
Insurance and reinsurance are heavily regulated, so high standards of formal compliance naturally exist. Pushing ESG principles further in our self-compliance principles means that we aspire to have every decision made with ESG principles in mind and documented as such, whether that is at board level or team levels, or whether it is about the products we design or the features of our workplace.
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INTRODUCTION | Video interview | ESG considerations | Environmental impact | responsible investment | self-compliance
self-compliance
responsible investment
Environmental impact
ESG considerations
Video interview
INTRODUCTION
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Learn more about Pacific Life Re