Zurich Insurance Group’s ESG rating of ‘AA’ has been upgraded to ‘AAA’ – the highest doable rating from the funding analysis agency, MSCI.
An MSCI ESG rating measures an organization’s resilience to long-term environmental, social and governance dangers, scoring firms on an industry-relative AAA to CCC scale. MSCI’s rating report described Zurich as a frontrunner amongst international friends on local weather threat mitigation initiatives in addition to on company governance.
The report highlighted the local weather threat mitigation initiatives launched by Zurich, together with merchandise for electrical autos and renewable vitality. For governance, the report famous that Zurich’s board had majority independence, along with an unbiased chair and 55% feminine illustration.
As a signatory to UN Rules for Accountable Funding (PRI), Zurich built-in ESG elements into its funding actions. It’s a founding member of the net-zero insurance coverage alliance and the net-zero asset proprietor alliance, with a dedication to attaining net-zero carbon emissions in its underwriting and funding portfolios by 2050 and in operations by 2030.
MSCI famous robust human capital practices comparable to employees surveys and senior-level oversight of range and inclusion initiatives, even gaining recognition as an employer of alternative by Forbes.
Zurich has additionally been named one of many world’s most sustainable insurers by the S&P international company sustainability evaluation.
