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Press release

Marsh to recognise Asian clients that take robust approach to ESG and D&O risks

Marsh to launch exclusive partnership with a panel of insurers in Asia to offer preferred directors and officers liability insurance terms and conditions based on the strength of environmental, social, and governance (ESG) risk frameworks.

Singapore, 30 March, 2023 – Marsh, the world’s leading insurance broker and risk advisor, today announced that companies in Asia can now be considered for preferred directors and officers (D&O) liability insurance policy terms and conditions, based on the strength of their environmental, social, and governance (ESG) risk frameworks.

On completion of Marsh’s ESG Risk Rating or another approved third party rating methodology – and subject to their risk score meeting minimum underwriting criteria – insurers on Marsh’s panel will consider Marsh clients based in Asia for preferred D&O policy terms and conditions on their ESG-related exposures.

Launched globally in March 2022, Marsh’s Asian clients can also use the results of the ESG Risk Rating to identify their most critical sustainability and climate-related risks and opportunities to further develop their ESG strategies. 

Marshall Lee, Head of Climate & Sustainability Strategy, Marsh Asia, commented: “As clients transition to a lower-carbon economy, robust frameworks that assess businesses’ ESG commitments, actions and performance will increasingly be required. Prior to the launch of Marsh’s ESG Risk Rating, the lack of standardised ESG disclosure obligations and the resulting data gaps made this evaluation challenging in Asia. We are pleased that Marsh’s clients in Asia can now be rewarded for their efforts in managing the liability risks associated with ESG-related exposures, a key risk covered in D&O insurance.”

Sharanjit Chaggar, D&O Practice Leader, Marsh Specialty Asia, added: “The risk of claims arising from ESG-related issues such as breach of duty, disclosure obligations, and misleading statements is a growing concern for directors and company boards in Asia. Marsh's collaboration with our panel insurers in Asia is a key step in recognising – and rewarding – the increasingly prominent role robust ESG risk management plays in evaluating D&O liability risk profiles.”

About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With more than 45,000 colleagues advising clients in over 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit, and follow us on LinkedIn and X.

Media contact

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Phyllis Cheng

Vice President, Corporate Communications, Asia

  • Singapore