The journey from a voluntary regime for companies around environmental, social and governance (ESG) topics to a more regulated and compulsory one involving transparency, disclosure and reporting is well underway. Although there are currently no global, standardized ESG reporting benchmark requirements, “hard” legal measures with “teeth” are on the rise.
Why all the fuss about ESG regulations? What could happen if a company falls short of regulatory or governmental compliance? What is the role of risk management? Who are the instigators of actions and the trends they are championing? And what can happen to D&Os?
A recent article in the client risk management and broker magazine – Global Risk Dialogue – reviews these questions and more.
To help us understand what companies can do in response and how insurance can help them, we’re joined today by the Global Head of Risk Consulting Liability / ESG at AGCS, Michael Bruch.
First published on Allianz.com for more information, visit: https://www.agcs.allianz.com/news-and-insights/expert-risk-articles/grd-esg-moves-into-mainstream.html