Guernsey, a jurisdiction at the forefront of green and
sustainable finance, has achieved another world first with the
creation of an Environment, Social and Governance (ESG) framework
for insurers.
It has been designed by the Guernsey International Insurance
Association with the aim of helping member organisations to
manage ESG opportunities and risks and to deliver positive ESG
impact.
"ESG-related criteria has moved from a peripheral concern
to one that is front and centre of decision making," said GIIA
chairman Mark Elliott.
"This framework acknowledges that we are a long way from
agreement on a single standard for ESG in the insurance space, so
it is an important first step on the journey towards recognising
the work that Guernsey insurance entities do in achieving
Sustainable Development Goals and ensuring that ESG is at the heart
of their governance structures."
