Navigating your ESG risks

For many companies, environmental, social, and governance (ESG) issues are top of mind. In recent years, organizations of all kinds are seeing the benefit of examining their values and how those values coincide with their day-to-day operations. To aid with this, we are looking at business issues from a variety of perspectives to help you grow with ESG top of mind. This is an exciting time, full of potential for positive change. 

As investors, consumers, and other stakeholders prioritize sustainability, many companies see the benefit of using ESG to inform strategic goals, operational execution, and the reporting of sustainable business practices. 
 

 

How do you measure ESG risk?  


While ESG isn’t a new concept, the increased focus on ESG performance is. This has given rise to a number of issues that companies must be considered more thoughtfully, such as:

  • Resource availability   
  • Ethical behavior
  • Biodiversity impacts

This, in turn, requires organizations to focus inward on the internal oversight mechanisms, governance, and culture required to manage these risks. With an evolving regulatory landscape, mishandled or unaddressed ESG risks can result in:  

  • Reputational damage  
  • Legal action  
  • A business’ profitability and long term viability  

 

 

Ready to learn your ESG Risk Rating? Complete the form below to be contacted by an MMA consultant. 

 

What is your ESG Rating?


Embedding ESG in your business is increasingly a source of competitive advantage for the companies that do it right. Additionally, a range of stakeholders, including insurers, are interested in understanding ESG performance.  

To get an idea of your organization’s current ESG performance, you can complete the Marsh ESG Risk Rating self-assessment. This free tool will assess your organization across 18 core ESG themes and help you define the milestones for your ESG journey. 

Your ESG Risk Rating provides a starting point in understanding how your ESG performance may be perceived and—potentially—how it’s communicated to insurers. 

What are the other benefits of finding your ESG Risk Rating?  

• Measure how your business is positioned compared with international best practice and standards 

• Manage ESG risks and opportunities by identifying, prioritizing, and integrating them into risk management planning 

• Communicate ESG strategy and performance in a structured and detailed framework to insurers and potential capacity providers.

 

ESG is a simple acronym for a complex list of considerations.  

It’s important to understand that no single strategy is going to address issues as diverse as deforestation, human rights, and executive compensation. However, with an accurate assessment of where you are currently, a roadmap can be created for continuous improvement in every area of ESG.   

Ready to start growing? Download our suite of ESG content today and take the first step to improving your organization.  

Watch our recent webinar

Amy Barnes, head of Climate and Sustainability at Marsh, shares how a company’s ESG risks can impact their insurance policies. Watch now to learn more about navigating your ESG risks.

 

Download our ESG trends report

Read the latest from Marsh: Evaluating ESG and pandemic risk reporting trends 
 

 

Accelerating Impact: 2021 ESG Report

With new initiatives for 2022 and the future, our constant commitments to ESG have progressed as we focus on a more sustainable future.