As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet their ESG targets. After all, regulators are moving to enforce disclosure requirements.
Executive SummaryChaucer and Moody's Analytics aim to help customers get a handle on their environmental, social and governmental (ESG) risks with the launch of their ESG Balanced Scorecard. As ESG risks receive increasing attention at the boardroom level—given their potential for major reputational damage—there are good reasons for businesses and insurance underwriters to manage and measure them.
According to Chaucer, a Lloyd’s insurer and reinsurer, insurers have a key role to play in this effort. That’s why Chaucer has developed an ESG Balanced Scorecard in partnership with Moody’s Analytics to help clients get on top of their ESG risks. The data-driven scorecard will measure the ESG performance of clients and business partners, helping them to become more sustainable.
“The re/insurance industry has a pivotal role to play in helping corporates make the transition to become more sustainable,” said John Fowle, chief executive officer of Chaucer, in a statement in September when the scorecard was launched. “This isn’t going to happen overnight, but by helping clients identify, manage and measure areas that are in need of improvement, we can help them implement incremental changes that will pay dividends in the long term.”