ESG And Insurance Excellence Core Service Offerings: Service Sheet

Stakeholder activism, combined with regulator and investor pressures, are quickly transforming the ESG landscape. Increasingly, these constituents have come to expect a detailed roadmap aligned with voluntary reporting frameworks and disclosure of a business plan for how companies intend to deliver long-term financial performance through the transition to a net-zero emissions economy.

Growing Focus on Insurers

Several regulatory developments have helped underscore the growing need for insurers to have a clearly defined ESG strategy. In 2022, the National Association of Insurance Commissioners (NAIC) released an updated climate risk disclosure survey, the U.S. Securities and Exchange Commission (SEC) released its climate disclosure requirements proposal and the Federal Insurance Office (FIO) released initial climate-related priorities for comment.^{1, 2, 3} Increased focus on climate emphasizes the environmental component of ESG, yet insurers must also illustrate