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The Pearl Initiative, a business-led non-profit organization promoting greater corporate accountability and transparency in the private sector across the Gulf region, today announced a new partnership with Marsh, the world’s leading insurance broker and risk advisor.
Marsh, the world’s leading insurance broker and risk advisor, today announced that specialist insurer Beazley is to offer clients that opt in to Marsh’s Environmental, Social, and Governance (ESG) Risk Rating (ERR), global access to additional capacity through its Lloyd’s of London Syndicate 4321, subject to the ERR score meeting Beazley’s threshold.
Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the Global Risks Report 2022, while the top long-term risks relate to climate, the top shorter-term global concerns include societal divides, livelihood crises and mental health deterioration.