Zurich Has That ESG Thing Triple A-Rated

The latest from Zurich who are raising their ESG game, which is becoming an increasingly important factor in winning public sector business around the world.

Zurich Insurance Group’s (Zurich) ESG rating has been upgraded to ‘AAA’ from ‘AA’ by MSCI. According to the rating report Zurich leads global peers on climate risk mitigation initiatives as well as on corporate governance practices.

The report highlighted the strong climate risk mitigation initiatives launched by Zurich, including products such as insurance for electric vehicles and renewable energy. In terms of governance, it is noted in the report that Zurich’s board has majority independence, an independent chair and 55% female representation, adding that such a structure could bolster strong management oversight.

As an UN PRI signatory, Zurich integrates ESG factors into its investment activities. Zurich is a founding member of the Net-Zero Insurance Alliance and the Net-Zero Asset Owner Alliance. It has committed to achieve net-zero carbon emissions in its underwriting and investment portfolios by 2050. Zurich also intends to achieve net-zero emissions in operations by 2030.

Zurich has strong human capital practices such as staff surveys to gauge employee satisfaction levels and senior-level oversight of diversity and inclusion initiatives. The Group was recognized as an employer of choice by Forbes.

MSCI ESG Ratings aim to measure a company’s resilience to long-term ESG risks. Companies are scored on an industry-relative AAA-CCC scale across the most relevant key Issues based on a company’s business model.

 

About alastair walker 8997 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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