"Despite the many considerations, resources, and challenges involved with implementing ESG-focused investing, insurers seem to understand that, ultimately, the benefits outweigh the costs," Matt Daly, head of corporate and municipal teams at Conning, said in a release. "Given the responses we saw in this survey, ESG is likely to become an even more central part of insurance asset management in the near future." (Credit: Deemerwha studio/Shutterstock.com)
Nearly 70% of U.S. insurance companies have incorporated environmental, social and governance (ESG) factors into their investment consideration during 2021, according to a survey from Conning Holdings Ltd., which found most began accelerating ESG investing during the past two years.
"Over the past two years, I've seen Aspen's approach to diversity and inclusion completely transform," Sarah Stanford, Aspen Lloyd's active underwriter of Syndicate 4711, said in a recent ESG report. "We've gone from being silent on the subject to now having a comprehensive program of work, including launching Employee Resource Groups so our people have a clear mechanism for influencing our D&I activities. We've invested significant time in building robust data to measure our progress, and take a partnership approach so HR experts work in collaboration with the business to embed real change in a sustainable way."
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
