In terms of exposure to professional indemnity claims relating to ESG, part of the challenge for insurance brokers is to determine what ESG information is relevant to the risk being placed, the level of detail required to satisfy the duty to disclose, and how best to communicate relevant information both to insurers and the insured. (Credit: Murrstock/Adobe Stock) In terms of exposure to professional indemnity claims relating to ESG, part of the challenge for insurance brokers is to determine what ESG information is relevant to the risk being placed, the level of detail required to satisfy the duty to disclose, and how best to communicate relevant information both to insurers and the insured. (Credit: Murrstock/Adobe Stock)

Environmental, societal and governance (ESG) factors are now high on the agenda for all businesses, shaping corporate strategy and reporting. ESG has moved beyond a "soft" set of notional aspirations, initially aligned to corporate social responsibility, to become a distinct driver of corporate board and shareholder behaviors, as well as influencing supplier and buyer decision-making.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Commercial Lines
Emerging Risk