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 organisations worldwide,
irrespective of whether such insurance organisations carry out life
or
