Environmental, social and governance
("ESG") considerations are increasingly
becoming a principal discussion point of investors, consumers,
regulators, governments, and companies. Internationally, companies
which have been greenwashing certain of their products risk being
fined by environmental regulators. This had led companies to
focusing more on the underlying relationship between their
financial activities and the impact of such activities on society
in general.
Aside from applicable EU legislation including the Taxonomy
Regulation and the newly-introduced Corporate Sustainability
Reporting Directive which is expected to lead to increased
regulatory compliance risks for companies across the board, the
United Nations has also established insurance sector-specific
Principles for Sustainable Insurance, which were designed to be
applicable to all types of insurance organizations worldwide,
irrespective of whether such insurance organizations carry out life
or
