What is it about?
Insurance companies are especially vulnerable to ESG controversies, as these can directly impact their financial stability and increase risk. While strong ESG practices can help mitigate these effects, it's good corporate governance that truly makes a difference.
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Why is it important?
Good corporate governance helps protect insurance companies from ESG risks. This helps keep these companies financially stable, especially in today's ever-changing and difficult business environment.
Perspectives
Insurers are increasingly playing a crucial role in promoting sustainable business practices by selectively underwriting companies based on their ESG performance and sustainability commitments. This shift is driving companies to prioritize sustainability initiatives to maintain access to insurance and manage their financial risks.
Ph.D. Pilar Girález Puig
Universidad Pablo de Olavide
Read the Original
This page is a summary of: ESG controversies and insolvency risk: evidence from the insurance industry, Management Decision, July 2024, Emerald,
DOI: 10.1108/md-10-2023-2002.
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