As the spotlight on Environmental, Social, and Governance (ESG) issues intensifies, insurance companies are faced with the complex task of aligning their strategies with the broader ESG landscape. As new research from Solera surfaces suggesting that customers are increasingly seeking proof of ESG commitment, FinTech Global examines how these ESG considerations are affecting insurers. ESG considerations have...Read More
ESG proxy voting is rapidly emerging as a tool that shareholders are using to find a balance between profit maximisation and social impact. With environmental, social and governance (ESG) concerns in the limelight, the traditional boardroom proxy vote, once a mere formality, is now a powerful instrument for change. Diligent recently explored how ESG proxy voting is changing...Read More
A survey released by KPMG has shed light on the preparedness of companies to obtain independent assurance for their reported ESG information. The study, which encompassed senior executives and board members from 750 diverse companies, averaged a revenue of $15.6bn and inaugurated the ESG Assurance Maturity Index, identifies significant lags in corporations’ ESG policies, skills, systems, and...Read More
Economic uncertainties have seen Western economies grapple with challenges such as high-interest rates, amidst geopolitical issues like the war in Ukraine. This ripple effect has significantly impacted the wealth management sector. According to a recent BCG report, the global financial wealth experienced a reduction for the first time in 15 years in 2022, dwindling by...Read More
A recent survey by KPMG suggests only 1 in 4 companies feel highly confident in meeting ESG reporting requirements across several jurisdictions. Businesses are increasingly expecting their strategies to enhance business and financial outcomes in diverse areas, such as M&A, product opportunities, talent retention, and customer loyalty. Of the leaders surveyed, 43% reported a stronger...Read More
Position Green, hailing as the Nordic region’s paramount independent pure play sustainability enterprise, has unveiled its brand-new podcast series titled “Sustainable Edge” to complement its annual ESG100 report. This series will be steered by Joachim Nahem, Co-Founder and Executive Chair of Position Green. It promises to bring forth a myriad of guests, each offering their...Read More
Despite coming into the corporate lexicon in 2004, ESG remained fairly invisible for over a decade. With the fight for the climate heating up, ESG has become a huge part of the climate change discussion. “ESG has become a huge industry”, said Regnology SVP of product management Bodo Windmöller. “Considering the rapid growth of ESG-labelled funds launched...Read More
Greenwashing is still a widespread problem. As the pressures increase for firms to act sustainably, both through regulation and customer expectations, there is a risk more will look to embellish their green efforts. In a recent survey from Google Cloud, 80% of 1,491 executives across 16 countries claimed their organisation was above average for environmental sustainability....Read More
Leaders of governments, businesses and NGOs met last week at the World Economic Forum, which was hosted in Switzerland. Topping their concerns were climate change, cost of living and geopolitics. Position Green, a provider of ESG reporting software, stated this focus on climate change is refreshing compared to the previous events where sustainability issues have been forgotten...Read More
As technological innovation and changing customer behaviours continue to disrupt established financial service channels, the bancassurance model is coming under pressure. Pricing sophistication will help bancassurance operators meet the challenges of today. A whitepaper from Akur8, a next-generation pricing solution, explored how bancassurance became such a successful part of the bank industries business model, identified some of...Read More
