Butch Bacani

Butch Bacani leads UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI), the largest collaboration between the UN and the insurance industry. Endorsed by the UN Secretary-General and insurance industry CEOs, the PSI is a global framework and initiative for the industry to address sustainability issues—as risk managers, insurers and investors—and to build resilient, inclusive and sustainable communities and economies on a healthy planet.

Butch leads initiatives that contribute to achieving the Paris Climate Agreement, Kunming-Montreal Global Biodiversity Framework, and the UN Sustainable Development Goals (SDGs). These include conceptualising net-zero insurance, supporting the Glasgow Financial Alliance for Net Zero (GFANZ), convening the world’s leading insurers to pilot the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), conceptualising nature-positive insurance, aligning insurance portfolios with the SDGs, creating a Sustainable Insurance Facility with V20 finance ministers for the most climate-vulnerable countries, working with the California Insurance Commissioner to produce the world’s first sustainable insurance roadmap, and creating the Nairobi Declaration on Sustainable Insurance. He co-led the development of the first global environmental, social and governance (ESG) guides for non-life and life & health insurance business, the creation of the UN-convened Sustainable Insurance Forum for regulators and supervisors, and forged the PSI’s partnership with the world’s inclusive insurance community. Butch was part of InsuranceERM’s inaugural list of the most influential people leading and shaping the insurance industry’s response to climate change, and a member of the Green Finance Task Force that was initiated by the People’s Bank of China and UNEP to establish China’s green financial system.