Companies

MSCI Gives Zurich Insurance Highest ESG Rating

Published on: 2 June 2022 03:10 PM

The investment research organisation MSCI has elevated Zurich Insurance Group's ESG rating from 'AA' to 'AAA', the highest possible level.

An MSCI ESG rating assesses a company's long-term resilience to environmental, social, and governance risks, grading it on a scale of AAA to CCC. According to MSCI's rating assessment, Zurich is a global leader in climate risk mitigation activities and corporate governance.

Zurich's climate risk mitigation activities, such as electric vehicles and renewable energy products, were recognised in the report. Zurich's board of directors has majority independence, an independent chair, and 55 per cent female representation.

Zurich incorporated ESG factors into its investment activities as a signatory to the UN Principles for Responsible Investment (PRI). It is a founding member of the net-zero insurance alliance and the net-zero asset owner alliance. It has pledged to achieve net-zero carbon emissions in its underwriting and investment portfolios by 2050 and operations by 2030.

MSCI was recognised as an employer of choice by Forbes for its solid human capital procedures, including employee surveys and senior-level monitoring of diversity and inclusion efforts.

The S&P global corporate sustainability assessment has also recognised Zurich as one of the world's most sustainable insurers.

Source: Insurance Business

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