I was really happy to read recently that the Bermuda Stock Exchange (BSX) has launched an environmental, social and governance initiative that aims to enable sustainable and responsible growth for its member companies and the wider community.
Environmental, Social and Governance (ESG) is an increasingly hot topic and one that is very much part of the public zeitgeist with many cities around the world hosting Extinction Rebellion protests. Some parts of the financial services sector have taken some cues and have products that are specifically tailored to address corporate and public concerns, which is something I write about in this new blog.
Corporate Social Responsibility really is an area that the financial services sector and (re)insurers in particular need to improve. According to the Reputation Institutes’ 2017 CSR report there are no (re)insurance companies in the top 100 companies globally and the finance industry receives a special mention in the report saying that it is falling behind all other sectors with respect to CSR. I was asked to write an article for Insurance Day on this subject, which you can read.