RVO Insurance Conv 23 Extra N&M

General

The covenant focuses on the implementation of a responsible investment policy by Insurers, due to the international nature of this activity, and contains the agreements of the Parties with regard to investments. This involves preventing, limiting and, ifnecessary, repairing any negative impact on humans, animals and the environment as much as possible. The covenant contains agreements to clarify specific ESG themes and to support insurers in strengthening their policy and due diligence on these specificand other ESG themes. The themes primarily concern animal welfare, children's rights, land rights, climate change and controversial weapons and controversial arms trade (chapter 2 Covenant). Agreements have also been made regarding the investment policy of insurers; for example, an ESG due diligence procedure must be described, sector and/or theme-oriented policy must be drawn up and it must be made clear in which behaviors or sectors investments will not be made. Amnesty International (not part of the grant application) mainly contributes knowledge about human rights, but also children's rights, land rights and controversial arms trade. - Save the Children mainly contributes knowledge about children's rights, child labour, nutrition and also about health care. - Oxfam Novib mainly contributes knowledge about gender equality, land rights, access to medicines, climate change, fair taxation and the fight against corruption. - PAX mainly contributes knowledge about controversial weapons and the arms trade, protecting civilians and standing up for victims of human rights violations in conflict areas, and about natural resources in relation to conflict and human rights. - Nature and Environment contributes Nature and Environment contributes knowledge in particular about climate change, loss of biodiversity, the energy transition, the agricultural and food transition and the sustainable use of raw materials. - World Animal Protection mainly brings knowledge about animal welfare, but also about climate, biodiversity, the food transition and public health.