Compliance with ESG and Net Zero rules could be a major expenses in time, staff and money going forward in the next decade, so any software tools that make the process quicker and easier have to be good news for insurers, MGAs and brokers alike. Here is the word from Broadridge in the US;
A company’s Environmental, Social and Governance (ESG) practices and their associated ratings have become important elements of a company’s reputation and crucial measurements for management, board members, investors, analysts, regulators, customers and employees. Understanding the drivers of ESG reputation and ratings is a complex, onerous and costly process. To enable companies to better understand how they compare to their chosen peers and their industry and to help them improve their ESG strategy and practices, Broadridge Financial Solutions, Inc. (NYSE:BR) is introducing ESG Analyzer, a new web based ESG disclosure and data analytics benchmarking tool that delivers timely, high-quality, cost-effective, transparent data and insights.
“This is the perfect tool for management to understand their strengths and weaknesses on ESG issues, enabling them to see how they compare to peers and create a plan to improve their performance and disclosures where needed,” said Joseph Vicari, Vice President and Practice Lead, Corporate Issuer at Broadridge.
Simplifying the ESG Strategy
The ESG Analyzer allows companies to seamlessly view all of their ESG metrics in a single dashboard, compare their data side-by-side with peers companies to better understand how stakeholders are viewing their ESG performance. Easier access and a clear view of this comprehensive data and insights will help companies to better manage an effective and impactful ESG strategy. Furthermore, the ESG Analyzer, which leverages AI to deliver aggregated data, is more time efficient and cost effective than other existing methods of accessing and analyzing this data.
Broadridge’s new ESG Analyzer will empower companies to compare how their ESG performance and disclosures measure up against their chosen peer groups and industry. This will enable companies to improve their ESG prioritization and required resources and better inform their disclosure strategy by providing comparative data that provides perspective.
Click here to learn more about the ESG Analyzer