Chaucer and Moody’s are to team up on a new ESG ‘scorecard’.
The project, which the two companies say is the first of its kind in the (re)insurance sector will assess ESG credentials using property data and 158 different metrics.
John Fowle, CEO of Chaucer comments: “It’s incredibly exciting to be working with Moody’s on what we believe will be a gamechanger for the (re)insurance industry. Our strategic collaboration with Moody’s enables Chaucer to be at the forefront of leading real change in the way ESG is measured and managed.”
It is understood by Reinsurance News that the new ESG scorecard will measure factorsthat include water management, air pollution, diversity and inclusion, and local infrastructure.
The news follows a recent announcement that Chaucer is creating its renewable power team as part of the expansion of its Energy Division.