Are Insurers Leading the Fight Against Climate Change?
The insurance industry has long focused on ESG priorities, but climate activists say insurers are doing more harm than good.
Environmental, social and governance (ESG) priorities may be new to some industries, but the insurance industry has long focused on understanding and addressing issues related to the warming climate, said Sean Kevelighan, CEO of the Insurance Information Institute (Triple-I), during a June 1st discussion with regulators.
“Environmental, social, and governance issues — ESG — are in the insurance industry’s DNA,” Kevelighan stated to the National Association of Insurance Commissioners’ (NAIC) Climate and Resiliency Task Force. He added that new investment decisions at global insurers and reinsurers will likely lead to carbon emission reductions.
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