Yes, ESG is big deal to insurers too
The role that allocators of capital play in achieving environmental, social and governance (ESG) outcomes is well-documented; but the focus of this commentary is usually skewed towards asset managers’ perspectives. As evidence, consider that this writer has attended countless asset management presentations during which the flow of cash to so-called ‘green’ funds has been extolled alongside the myriad initiatives that fund managers are taking to ensure that their funds measure up to one or other of the industry’s ESG rankings. Far less time has been spent on assessing how life and non-life insurers integrate ESG into their investing and operational practices.