The first quarter of 2021 has seen several companies across the industry ramp up their ESG initiatives.
As detailed in the first edition of The ESG Insurer, these include major European (re)insurers such as Swiss Re, Zurich and Aviva, all of which have set long-term commitments towards net-zero carbon goals.
This first-quarter activity highlights how brokers and carriers are at different stages in their ESG progress, with European and UK carriers for the most part more advanced than their US counterparts.
There is currently a lack of industry-wide ESG standards, with the term covering a broad range of activities encompassing the sustainability and societal impact of a company’s actions.
We begin our tracking of the industry’s ESG performance by looking back at some of the key actions taken by companies during the first quarter: