What is The ESG Risk Rating?
The award winning ESG Risk Rating, developed by Marsh, is a complimentary self-assessment that enables you to measure your organization’s environmental, social, and governance performance, improve your ESG risks, and gain access to risk and insurance benefits.
Measuring against more than 10 internationally recognized standards and frameworks – including the Task Force on Climate-related Financial Disclosures, the Global Reporting Initiative, and the European Union Taxonomy for Sustainable Activities – The ESG Risk Rating scores your organization’s performance across 19 ESG themes. On completion of the free assessment, you will receive:
- An overall ESG risk score out of 10.
- A risk rating for each ESG component.
- Scores across the 19 themes.
- A risk assessment and recommendations for your controls, reporting, and resilience.
Why complete an ESG risk assessment?
Embedding ESG is increasingly a source of competitive advantage to the organizations that do it well. The ESG Risk Rating provides you with a clear framework from which to better understand your ESG performance, make more informed investment decisions, and potentially negotiate better insurance outcomes.
How to use your ESG Risk Rating results
You can use your ESG Risk Rating results to identify your most critical sustainability- and climate-related risks and opportunities, and work with Marsh’s advisors to further develop your ESG strategies. You can also choose to share that output with stakeholders, many of whom are becoming increasingly inquisitive and concerned about ESG risks.
Other benefits The ESG Risk Rating provides
Liberty Mutual Insurance will offer its clients in the US and Canada who opt-in to Marsh’s ESG Risk Rating complimentary access to risk advisory services relating to sustainability- and climate-related risks and opportunities. This arrangement is in mutual recognition of the importance of ESG and Liberty’s commitment to help clients advance their sustainability journeys. In addition, specialist insurer Beazley is to offer clients that opt in to Marsh’s ESG Risk Rating, global access to additional capacity through its Syndicate 4321, subject to the ESG Risk Rating score meeting Beazley’s threshold.