ESG: Moving From Confusion to Clarity

by Terence B. Martin of Conning

"In no way is any insurance company exempt from scrutiny on ESG topics. The applicability of social and governance issues to insurance companies is obvious: insurers need to address issues such as diversity, wages, cyber risks, and ethics just as much as a manufacturer does. The applicability of environmental issues is a bit less obvious. An insurer can reduce its own carbon footprint by using energy wisely, but the larger concern is how an insurer invests and how an insurer is a supplier of risk mitigation services to companies. For property-casualty companies, one example is a move toward not offering insurance products to the coal industry because by doing so the insurer is enabling the coal industry to continue its contribution toward environmental problems."

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ESG: Moving From Confusion to Clarity

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