Liberty Mutual Insurance has announced that it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI), as part of its commitment to environmental, social and governance (ESG) progress. Liberty Mutual is the first US property and casualty insurer to join the international network of institutional investors that have committed to including ESG factors in their investment decisions.
“As a leading global company, we are in a unique position to make lasting change for our industry and our communities,” said Neeti Bhalla Johnson, Liberty Mutual Insurance chief investment officer. “We are joining the PRI in addressing some of the most pressing ESG issues facing the world today – from climate change to the barriers around a more sustainable financial system – leading to prosperous and inclusive societies for future generations. We are proud to take this bold step forward as the first US P&C insurer to become a PRI signatory and make this commitment to play an active role through responsible investing.”
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“We are very pleased to welcome Liberty Mutual as the first US P&C insurer PRI signatory,” said Fiona Reynolds, PRI CEO. “In joining PRI, Liberty Mutual is recognizing the importance of incorporating ESG factors into investment and ownership decisions. More broadly, the insurance sector is playing an increasingly visible role in sustainable investing, and we hope other insurers in the US will follow Liberty Mutual’s lead in its commitment announced today.”