“With the ESG Risk Rating, we are providing our clients with a clear framework from which to better understand their ESG performance, make more informed investment decisions, and realize better risk management outcomes,” said Amy Barnes, Head of Climate and Sustainability Strategy at Marsh
London:
Marsh has announced a new rating tool that allows organizations to measure their environmental, social and governance (ESG) performance, as well as gaining access to additional insurance market capacity for ESG-related risks.
Organizations increasingly find themselves being asked to provide ESG metrics as they secure insurance coverage, and the rating can be shared with their external stakeholders. Marsh’s rating tool scores an organization’s performance across 18 ESG areas measured against more than 10 internationally recognized standards and frameworks from organizations.
“Marsh firmly believes that insurers should recognize organizations with strong ESG frameworks as better risks,” said Amy Barnes, Head of Climate and Sustainability Strategy at Marsh.
“With the ESG Risk Rating, we are providing our clients with a clear framework from which to better understand their ESG performance, make more informed investment decisions, and realize better risk management outcomes,” Barnes added.
Measured against more than 10 internationally recognized standards and frameworks published by leading organizations – including the Global Reporting Initiative, Sustainability Accounting Standards Board, Task Force on Climate-related Financial Disclosures, and the World Economic Forum – the ESG Risk Rating scores a client’s performance across 18 ESG themes. On completion of the free assessment, the organization receives an overall ESG risk score, as well as a rating for each ESG component