Official ESG Evaluations from S&P Coming Soon to Insurance Sector

Insurance Journal | April 18, 2019

If you’re among those who regard “environmental, social and governance” as just another in a long line of trendy buzz-phrases, then you may want to rethink. ESG standards, which companies use to highlight operations that interest socially conscious investors, will now be officially evaluated and measured by S&P Global Ratings. The ratings giant on April 11 announced the roll out of its ESG Evaluation, describing it as “a new benchmark that provides a cross-sector, relative analysis of an entity’s capacity to operate successfully in the future.” According to S&P, the ratings are based on how ESG factors could impact a company’s stakeholders and potentially lead to a material financial impact. The ESG Evaluation is a separate product from credit ratings and will be conducted at the request of the companies themselves, according to Mike Ferguson, director of sustainable finance for S&P Global Ratings.

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This document is not meant to be an exhaustive analysis of all provisions of the law that may impact independent insurance agents and brokers, as the law’s effect will vary depending on the individual circumstances of tax filers. Big “I” members are encouraged to consult with their accountants, lawyers and other relevant professionals related to tax and estate planning based on their individual circumstances. In addition, the changes that the law imposes are extensive, and how the reforms in their entirety ultimately impact the decisionmaking and subsequent tax liability of businesses and individuals remains to be seen.

Spotlight

This document is not meant to be an exhaustive analysis of all provisions of the law that may impact independent insurance agents and brokers, as the law’s effect will vary depending on the individual circumstances of tax filers. Big “I” members are encouraged to consult with their accountants, lawyers and other relevant professionals related to tax and estate planning based on their individual circumstances. In addition, the changes that the law imposes are extensive, and how the reforms in their entirety ultimately impact the decisionmaking and subsequent tax liability of businesses and individuals remains to be seen.

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Insight Risk Implements ChainThat's Beyond Policy Administration Platform

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LIFE INSURANCE

Paperless Solutions Group Acquired by MIB

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