Author: Nick Robins
Sustainable development risks and opportunities including natural disasters, access to insurance, climate change and the low-carbon transition, aging populations and long-term investment are high on the agenda for insurance. This working paper has been developed through a consultation involving more than 30 respondents from insurance companies, regulators and stakeholders in over 20 countries, bolstered by engagements held in
“Stranded assets” are assets that have suffered from unanticipated or premature write-downs, devaluations, or conversion to liabilities. Over the course of the last two decades, the challenges surrounding technological innovation, investor behaviour, and business resilience have become magnified in the context of environmental change. In particular, the issue of stranded assets has emerged as a
This report aims: To show why public policy engagement is essential for long-term investors. To give examples of how investors have engaged in public policy and the lessons learned. To offer practical recommendations for long-term investors, policymakers and the PRI to better integrate environmental, social and governance factors in the public policymaking process.
The rise and fall of different technologies, products and businesses are central to rising productivity in healthy, well-functioning markets. This process can result in “stranded assets”—assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities. Stranded assets are therefore a regular and necessary feature of dynamic economic systems, a phenomenon inherent