Chaucer makes modifications to ESG technique


As a part of its up to date ESG technique, Chaucer additionally revealed that it’s already taking the next actions:

  • Contiune and develop present funding strategies and metrics to its ESG strategy
  • Embed ESG into its underwriting working mannequin
  • Construct on its ESG strategy in its working mannequin and provider due diligence course of
  • Acquire ESG scores for its total portfolio, set out targets for enchancment
  • Develop governance of ESG processes

Chaucer additionally shared in a launch a number of the different modifications it has beforehand made consistent with its sustainability objectives. The modifications embody utilizing 100% renewable power in its London headquarters, lowering in-office screens from 920 to 330, and utilizing rechargeable batteries for all IT tools.

Additionally final 12 months, Chaucer launched its ESG Balanced Scorecard, developed along with Moody’s. The scorecard measures the efficiency of shoppers and enterprise companions to provide ESG scores for every of them. The corporate is working to reinforce knowledge high quality and embed a pre-bind device to find out the ESG of potential shoppers.

“At Chaucer, we consider ESG ought to underpin every part we do to satisfy the rising want for world sustainability progress,” mentioned Chaucer CEO John Fowle.

“The (re)insurance coverage trade has an vital position to play to encourage its enterprise companions to enhance on Environmental, Social and Governance issues and Chaucer is set to be on the forefront of this motion.”

Fowle added that Chaucer’s ESG technique has been designed to provide measurable outcomes, to carry the corporate itself and its counterparties to account on ESG components.

“Our ESG imaginative and prescient ought to produce actual change and have a visual impression on the way in which we do enterprise throughout all of our core features,” he mentioned.

Earlier this month, Chaucer entered right into a partnership with insurtech Crown Jewel Insurance coverage to supply insurance coverage for firm secrets and techniques – the primary product of its type. The brand new product affords safety for the loss in worth a enterprise can undergo if its commerce secrets and techniques are stolen and made public or given to a competitor.


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