The importance of building resilient infrastructure and promoting inclusive and sustainable industrialisation as well as fostering innovation, is increasingly recognised. The role of the insurance industry in facilitating the proper functioning of the economy, as risk managers, risk carriers and investors, helps to deliver inclusive sustainable growth and is a fundamental part of an insurer’s business model. This paper considers how the insurance industry – and in particular insurance sector Chief Risk Officers (CRO) and their colleagues – should respond to this evolving environment. It seeks to define a set of ‘industry best practice’ guidelines to manage the integration of sustainability into insurers’ risk management frameworks. These guidelines should support CROs and their colleagues in articulating to both internal and external stakeholders that the sustainability risks affecting their business are understood, that measures are in place to mitigate these risks and that any associated limitations are clear and recognised.