Global specialty (re)insurance group, Chaucer, announces a new collaboration with Moody’s, the global integrated risk assessment firm. Together, Chaucer and Moody’s aim to produce an innovative, data-driven Environmental, Social and Governance (ESG) ‘scorecard’. The collaboration, the first of its kind in the (re)insurance sector, elevates the way companies’ ESG credentials are assessed using robust propriety data and metrics.
The new scorecard will help Chaucer measure counterparties’ ESG performance using 158 different metrics. The scorecard’s design combines Chaucer’s insight into counterparty risk with Moody’s deep ESG performance measurement and risk modelling expertise to evaluate businesses’ risks and opportunities at an in-depth level. By delivering a calibrated output, driven by Moody’s comprehensive ESG assessments coverage and double materiality methodology, Chaucer will be able to derive its own ESG profile and help its counterparties understand their risk both from a stakeholder and an enterprise perspective.