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Overview

This week, we look at major corporate trends in the world of ESG in 2021. The coronavirus pandemic has heightened awareness of the importance of sustainability. This, in turn, has accelerated the move towards ESG.

A recent study of 1200 board members across Fortune 100 companies revealed that only 0.8% of board members had relevant experience and subject matter expertise on ESG. Additionally, there is a false sense of security around the 'competence of greenwashing' and that the whole industry is moving in one direction. However, awareness does not necessarily equate to expertise.

In the first of a two-part series, we examine the concept of climate washing which is gaining traction in corporate circles for good reason. We also look at the factors behind the divergence in ESG ratings across corporates including the lack of quality data, self-reporting and rating methodologies and most importantly, the taxation of carbon which is a necessary move to enable carbon reduction targets.

This session covers:

  • The concept of greenwashing: The critical role it plays in the fight against environmental issues and the days of 'getting away' with greenwashing being numbered as the climate crisis accelerates.
  • The implications of Covid-19: The fast moving repercussions of the pandemic and the problem of global warming which has now taken global attention with all eyes on COP26 in Glasgow.

The webinar was hosted by Stephen Higginson, Head of Customer & Distribution for Australia and New Zealand at Swiss Re Corporate Solutions and was joined by:

  • Dr Alex Pui, Swiss Re's Head Nat Cat & Sustainability (APAC)