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By Laetitia HAMON, Senior Manager and Clemence Armbruster, Adviser, KPMG Luxembourg
Why insurers need to integrate ESG
Today, financial players are hungrier than ever to understand the relationship between ESG (Environmental, Social and Governance) factors and entities' improved performance. Greatly affected by environmental changes, the insurance industry is no exception. As the largest institutional investor group in Europe — and operating within long investment horizons — insurance companies play a major role in financing the move to a low-carbon economy. Just like risk managers, insurers are central to identifying and measuring material climate risks. To remain competitive, therefore, they need to adapt and innovate while...
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