
Driven by increased focus from regulators, investors, employees and customers, ESG is becoming one of the most important developments in the corporate world today. Elke Vagenende, Head of FINEX Western Europe at Willis Towers Watson, will be sharing her thoughts on why this is an issue that we, as insurance professionals, have a distinct role to play and need to take this opportunity to evolve alongside our clients’ needs.
ESG ratings impact our clients’ access to capital, their reputation and ability to attract and retain talent and customers. From an investment perspective, the demand is growing rapidly for ESG related investments ( circa $30trillion assets are ESG rated today) and various legislators are introducing non- financial reporting requirements related to ESG factors. Paired with the added scrutiny following recent societal events such as COVID-19, Black Lives Matter and modern slavery, many of our clients have shifted their focus and are looking at developing their own ESG initiatives which will require the support and expertise of our industry to overcome potential liability and regulatory considerations.