BIPAR

InfluenceMap Score
D
Performance Band
47%
Organisation Score
Sector:
Financials
Head​quarters:
Brussels, Belgium

The European Federation of Insurance Intermediaries (BIPAR) appears to have had limited engagement with sustainable finance policy. BIPAR has not issued any broad policy positions on the need for financial sector reform, climate action or the need for sustainable finance policy. Although in July 2019 some policy positions were stated on BIPAR's website, as of April 2021 these are no longer available and the page only describes EU policies they are following.

In feedback to the European Commission in 2018, BIPAR took a mixed position on the taxonomy, supporting its extension to covering social issues but arguing for a flexible approach to classification covering all economic sectors, which could lead to a less stringent classification system.

In 2018/19, BIPAR also engaged on EU legislation aimed at integrating ESG considerations into investor duties, arguing for weaker wording in the update to the Insurance Distribution Directive (IDD) concerning the inclusion of ESG considerations in the advice insurance firms give to clients. This included arguing against a requirement to state that particular products do not pursue ESG objectives. On its website in 2019, BIPAR described how it had engaged on the ESG disclosures regulation to argue that the scope of the regulation should be limited to products marketed as pursuing ESG objectives.

Details of Organization Score

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