Liberty Mutual becomes first US P&C insurer to sign Principles for Responsible Investment

Liberty Mutual Insurance has signed the United Nations-supported  Principles for Responsible Investment (PRI), making it the first US property and casualty (P&C) insurer to do so.

PRI is an international network of institutional investors committed to including ESG factors in their investment decision making. It seeks to understand the implications of sustainability for investors and support signatories to incorporate ESG factors into their investment decision-making and ownership practices.

Liberty Mutual said it has been committed to environmental, social and governance (ESG) principles for decades. Its office of sustainability was established to deliver an integrated ESG strategy across the enterprise.

Neeti Bhalla Johnson, the chief investment officer at Liberty Mutual Insurance, said: "As a leading global company, we are in a unique position to make lasting change for our industry and our communities. 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.”

Fiona Reynolds, chief executive officer at PRI, said: "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."