The tool rates insurers based on their performance in the context of ESG (Environmental, Social & Governance) and helps our clients to select the appropriate risk carrier according to their ESG criteria.
ESG scoring tool - Ecclesia sets new standards
The tool rates insurers based on their performance in the context of ESG (Environmental, Social & Governance) and helps our clients to select the appropriate risk carrier according to their ESG criteria.
Our world is shaped by environmental and social issues, and sustainability remains important. Companies and private individuals therefore attach great importance to responsible behavior and sustainable business models. With our newly developed ESG scoring tool, we support our customers in finding an insurer that supports their ESG goals.
The tool rates insurers on the basis of their ESG (Environmental, Social & Governance) performance and helps our customers to select the right risk carrier for them according to their ESG criteria.
“Our essential task as an insurance broker and risk consultant is to provide our customers with comprehensive advice on known and new risks and to find the best insurer for them, one that offers optimal insurance coverage and thus enables sustainable solutions. This includes, for example, knowing the ESG performance of insurers and understanding how sustainably these companies are positioned,” explains Thomas Olaynig. He has been head of product and portfolio management at the Ecclesia Group since July of this year. Transparency and tangible information play an important role in relation to ESG. In addition, regulatory requirements are essential. A prominent example of this is the Supply Chain Due Diligence Act.
Select sustainable risk carriers
With the implementation of an ESG scoring tool, the Ecclesia Group receives comprehensive information on all relevant ESG topics of a company, from its ecological footprint and responsibility towards internal and external stakeholders to the anchoring of sustainability responsibility in the company. “In addition to an optimal price-performance ratio and fast, contractually compliant and customer-oriented claims processing, our customers also expect a certain ESG conformity from insurers. We already offer our customers decision-making aids for many of these factors – and now also in the area of ESG,” explains Leonhard Ihli. He is in regular, personal contact with the insurers on behalf of the Ecclesia Group. “The tool helps us to select sustainable risk carriers that both meet the growing environmental awareness and fit our customers' ESG strategy,” says Ihli.
The ESG scoring tool currently rates 50 risk carriers according to various ESG criteria. It will be expanded to include further insurers in the future.
Transparent and objective assessment
The Ecclesia Group relies on the expertise of Zielke Research Consult GmbH for the scoring procedure. Zielke prepares its ESG rankings exclusively on the basis of publicly available data, such as sustainability reports and non-financial statements in accordance with the Non-Financial Reporting Directive (NFRD). The results provide objective comparison possibilities. “The data obtained are meaningful and of high quality,” explains Leonhard Ihli.
Environmental and social responsibility
The introduction of the ESG scoring tool is a very important step for the Ecclesia Group. By evaluating risk carriers according to ESG criteria, the group of companies can offer future-oriented solutions while contributing to a more sustainable economy.