Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Former AIG Exec McElroy Faces Sex Assault Charges
  • Aon Promotes Reinsurance Leaders
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Marsh Launches ESG Risk Rating to Assess Companies’ ESG Performance

March 21, 2022
Email This Subscribe to Newsletter
  • Article
  • 3 Comments

Insurance broker Marsh announced the launch of its Environmental, Social, and Governance (ESG) Risk Rating, an assessment tool that can measure an organization’s ESG performance, enabling them to improve their ESG risks, and gain access to additional insurance market capacity.

Measured against more than 10 internationally recognized standards and frameworks published by leading organizations – including the Global Reporting Initiative, Sustainability Accounting Standards Board, Task Force on Climate-related Financial Disclosures, and the World Economic Forum – the ESG Risk Rating scores a client’s performance across 18 ESG themes. On completion of the free assessment, the organization receives an overall ESG risk score, as well as a rating for each ESG component.

Clients will use the results to identify their most critical sustainability and climate-related risks and opportunities to further develop their ESG strategies. As organizations are increasingly being asked to provide ESG metrics as part of the procurement process, the rating can be shared with the organization’s external stakeholders, Marsh explained.

As part of the offering, Liberty Mutual Insurance will offer its clients in the U.S. and Canada, who opt in to Marsh’s ESG Risk Rating, complimentary access to risk advisory services relating to sustainability and climate-related risks and opportunities.

“Embedding ESG is increasingly a source of competitive advantage to the organizations that do it well,” said Amy Barnes, head of Climate and Sustainability Strategy, Marsh, in a statement.

“With the ESG Risk Rating, we are providing our clients with a clear framework from which to better understand their ESG performance, make more informed investment decisions, and realize better risk management outcomes,” Barnes added.

Tracy Ryan, president of North America Global Risk Solutions at Liberty Mutual Insurance, commented: “We are excited to collaborate with Marsh on this important initiative to help firms improve their understanding of their ESG risks. Our risk advisory offer is in mutual recognition of the importance of ESG and Liberty’s commitment to help clients advance their sustainability journeys.”

As part of the development of the ESG Risk Rating and to support clients in managing their ESG risks, Marsh also plans to publish anonymized ESG risk insights by country and sector, deepening our understanding of how ESG ratings performance correlates with losses.

Last year, Marsh launched a new directors and officers liability (D&O) insurance initiative that recognizes U.S.-based clients with superior ESG frameworks. Following an independent review of their ESG frameworks, Marsh clients are then considered for preferred D&O policy terms and conditions on ESG-related exposures – such as climate change disclosures and representations – from four leading D&O underwriters.

Source: Marsh

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Ken Griffin-Backed Florida Bill for Non-Competes Becomes Law
AIG-logoFormer Lloyd’s CEO Neal to Lead General Insurance as President at AIG
State Farm Implements 27% Rate Increase for Illinois Homeowners
Aon Promotes Reinsurance Leaders as John Neal Takes a New Direction With AIG

The most important insurance news,
in your inbox every business day.

Get the insurance industry's trusted newsletter

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance News, National NewsTopics: environmental social and governance (ESG) criteria, Markets/Coverages, Marsh, Marsh ESG Risk Rating, Task Force on Climate-Related Financial Disclosures (TCFD), World Economic Forum (WEF)
  • Have a hot lead? Email us at newsdesk@insurancejournal.com

Latest Comments

  • July 21, 2022 at 12:46 pm
    Bruce says:
    ESG includes more than climate, it includes other "social goals" too, favored by the left, redistribution of income, and race-based hiring and promotion. The other comment ab... read more
  • March 23, 2022 at 11:30 am
    wayne says:
    The introduction of left-wing politics into the workplace. What can't be accomplished through the legislative process is now being mandated by un-elected regulatory agencies ... read more
  • March 22, 2022 at 9:22 am
    Tiger88 says:
    No one cares...

Add a CommentSee All Comments (3)Add a Comment Cancel reply

Your email address will not be published. Required fields are marked *

*

*

More News
Cayman Islands Approves 21 New International Insurance Licenses During H1
Former Tennessee Agent Sentenced For Continuing to Sell Insurance Products
People Moves: Aon Appoints Key Leaders in EMEA Commercial Risk Team; AXA XL Promotes Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s
Trump Nominates Two Lawyers to Seal Republican Control of US Labor Board
More News Features

Read This Next

  • Marsh Launches ESG Risk Rating to Assess Companies' ESG Performance
  • Erie Insurance Restores All Operations After Month Outage; Says No Data Breached
  • Three Insurers Join Ward's Annual Top 50 P/C Ranking for 2025
  • When a Disabled Employee Who Undermines Process of Accommodation Is Fired
  • United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach

Insurance Jobs

  • Vice President of Life Operations - Lansing, MI
  • Director of Property Liability Claims - Wilsonville, Oregon
  • Field Auto Collision Adjuster – Taunton, MA - Massachusetts, MA
  • Direct Sales Agent Specialist (2774) - Chattanooga, TN
  • Trainee Property Adjuster – Inside – Hudson, OH - Hudson, OH
MyNewMarkets
  • How Embedded Insurance Supports Real Livelihoods in the Growing On-Demand Economy
  • How to Keep Third-Party Events from Becoming First-Party Losses
  • Is It Covered: Auto Coverage Under a CGL Policy
  • When Harassment Follows You Home: Managing EPL Risk in a Remote Work Era
  • Trouble Brewing? 6 New Risks for Winery and Brewery Clients
Claims Journal
  • Singapore Says Cyber Espionage Group Targeting Critical Infrastructure
  • UK Court Rules JP Morgan Must Stop Greek Lawsuit Against Viva Directors
  • Tesla Settled Over Autopilot Crash With Truck Crossing Highway
  • Judge Allows US Authors Suing Anthropic to Band Together in Copyright Class Action
  • As Extreme Heat Scorches US, Employee Protections Stalled by Politics
Academy of Insurance education
  • July 22 How To Write: Umbrella
  • July 24 Navigating The Impact of Hospital Closures on Workers' Compensation
  • July 31 In The Wake: Personal Lines Issues After a Huge Storm
  • August 7 EPLI Basics

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map