Insurance divestment campaign
Advocacy campaign by non-governmental organizations that publishes an annual scorecard ranking insurers on their real fossil-fuel exit commitments, to exert direct reputational pressure.
Insure Our Future publishes an annual scorecard of several dozen global insurers and reinsurers, graded on what their coal, oil and gas exclusion policies actually say rather than on statements of intent. The pressure runs through publicity. Picked up by the trade and general press, the scorecard puts a group's stated climate commitment next to the content of its underwriting guidelines and its investment book, a transparency exercise the insurer does not control. The effect on the timing and scope of the coal exclusions adopted since 2019 is real: several groups tightened their policy shortly after a poor grade, and said so. They were trying to dodge the bad press at least as much as the underlying physical or transition risk. It is governance from outside the industry, working on reputation where regulation works on law.
Since 2017, the annual scorecard of the Unfriend Coal campaign, now Insure Our Future, has compared the fossil-fuel exclusion policies of dozens of global insurers and reinsurers. Several groups that tightened their coal policy shortly after a poor ranking have cited it as an accelerating factor.
Insure Our Future, insurance divestment, coal insurance campaign
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