Industry View

ESG evaluation: How can we contribute to achieving the SDGs?

ESG (Environmental, Social, and Governance) has been a hot topic for private and public credit insurers. Still, in the end, it is “just” a rating system derived from Corporate Social Responsibility (CSR) reporting, and in practice, it is difficult to assess what changes it has brought. Shouldn’t credit insurers shift their focus towards improving their contribution to the United Nations Economic Development Growth (SDGs)? How can they contribute, and how can digitalization help them increase their impact?

The ESG rating challenge

There are many valuable global ESG rating initiatives from various players, which is clearly a reason to be optimistic. Yet, we are no longer naive. There is no equivalent to IFRS regarding ESG; rating providers may be tempted to look kindly upon those who pay them. We all know what the consequence of this is: greenwashing!

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