Integrating ESG in the insurance industry
NAB recently brought together a group of insurance professionals with ESG market experts and practitioners to explore risk, operations, reputational and investment issues.
Environmental, social and governance (ESG) considerations are fast becoming incorporated into mainstream practice across all sectors of business. They’ve become particularly important for the insurance sector as insurance companies must consider both the asset and liability side of their balance sheet in their role as managers of risk, as well as their role as investors in large asset portfolios.
In addition, the quality of a company’s integration of ESG principles increasingly influences whether they can attract and maintain both their customer and investor base.
To help our insurance customers build ESG strength and resilience, insurance and ESG representatives discussed the ESG risk landscape and how well the insurance sector stacks up.