Chaucer, Moody’s launch ‘game-changing’ ESG scorecard for re/insurance industry

Global specialty re/insurer  Chaucer and risk assessment firm  Moody’s have teamed up to launch a data-driven environmental, social and governance (ESG) “scorecard” to help businesses manage their ESG profile.

The collaboration is “first-of-its-kind” in the re/insurance sector.

The new scorecard will help Chaucer measure counterparties’ ESG performance using proprietary data and 158 different metrics both from a stakeholder and an enterprise perspective.

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.

John Fowle (pictured), chief executive officer of Chaucer, said: “It’s incredibly exciting to be working with Moody’s on what we believe will be a gamechanger for the (re)insurance industry.  Our strategic collaboration with Moody’s enables Chaucer to be at the forefront of leading real change in the way ESG is measured and managed.

This is a powerful tool that will not only help Chaucer, but all our clients and business partners transition to be more sustainable businesses.”

Stephen Tulenko, president of Moody’s Analytics, added: “We are extremely proud to collaborate with Chaucer on an innovative solution to combine Chaucer’s expertise in underwriting and risk management with our ESG expertise and wider integrated risk modelling capabilities, recently enhanced by RMS, to help support more sustainable decision-making.”

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