As interest grows in environmental, social and governance (ESG) topics across industries and stakeholders, insurers are recognizing the need to report on progress against ESG benchmarks.
It’s a challenge given the variety of ESG categories and targets of varying transparency. Fortunately, several organizations are making headway in establishing quantifiable standards. Insurers understand the need to be proactive in reporting: if they don’t tell their ESG stories, they risk others doing it for them.
Terence Martin, a director in Conning’s Insurance Research group, examines the state of ESG for insurers and the progress in establishing measurable goals in the Viewpoint “ESG: Moving from Confusion to Clarity.”