|
By Anthony DAULT, Audit Insurance Partner Andrew McDOWELL, Partner, PwC Luxembourg*
Environmental, social, and governance (ESG) generally or climate specifically have profound implications for the insurance sector, and few nowadays will debate that ESG matters for insurance and insurance matters for ESG. As managers of society’s risks (underwriting 5 trillion € in new risks each year) and key institutional investors (with about 30 trillion € in assets under management), insurers undoubtedly play a role in facilitating the transition to a more sustainable and resilient economy.
At its simplest – ESG is a concept applying environmental and social sustainability to the investment process. Under this umbrella term, a broad range of...
|