Ulaanbaatar
Insurance industry announces joining ‘One Billion Trees’ national movement
Environment
Ulaanbaatar /MONTSAME/ The
President’s Office, the Financial Regulatory Commission and the Ministry of
Nature, Environment and Tourism held a meeting with representatives of the
insurance sector at the Government House on March 3 to increase the
participation of the financial sector in the national ‘One Billion Trees’ planting
movement.
The meeting was attended by
the President's Economic and Environmental Adviser, the Prime Minister's
Environmental Adviser, the Financial Regulatory Commission, the Ministry of
Nature and Environment's Forest Policy Department, the Mongolian Insurance
Association, the Compulsory Insurance Association, the Insurance Tourists
Association, and the Mongolian Assets and Damage Assessors. Also 15
representatives from the general insurance and those from long-term insurance
and reinsurance companies have attended.
The President's Economic
Adviser, Environment and Green Development Adviser provided information on
treating the mother Earth and nature with respect and combating
desertification, land degradation, dust storms, climate change, and strategies
to implement the Billion Tree National Movement. Representatives of the
insurance industry expressed their support by adopting this movement as
corporate social responsibility as well as a legacy for future generations.
They also contributed their initiatives of establishment of a green insurance
fund, the allocation of a certain percentage of the reserve fund to green
finance, and the inclusion of forest and steppe zones in compulsory insurance.
Source: Financial Regulatory Commission
