WTW crafts innovative ESG risks analysis platform

Global broker  WTW has created an innovative analytics platform that it says offers new insights to help companies better understand and address their climate, sustainability and wider environmental, social, and governance (ESG) risks and exposures.

ESG Clarified offers a comprehensive, analytical solution, underpinned by multiple validated data sources to assist with trending insight, scenario analysis and reporting.

The platform incorporates an extensive set of external and proprietary internal data sources into a self service SaaS analytical solution, allowing clients to analyze and score their ESG exposures in real time to understand financial, human capital, and reputational metrics.

It allows clients the opportunity to benchmark their ESG risks against peers, while also generating reports about their related exposures that can be instrumental in discussions with insurance carriers as they build their risk programmes.

Ben Fidlow, global head of core analytics at WTW, said: "ESG Clarified joins several solutions our clients are already using to address ESG risks, including Climate Diagnostic, Risk Tolerance Clarified and D&O Quantified. We are excited to introduce ESG Clarified as an addition to our market-leading analytical solutions suite and we’ve made them all accessible through our Risk Intelligence Quantified (RiskIQ) platform.”

Jonathan Weatherly, ESG global products leader at WTW, added: “Our clients have been asking for a comprehensive analytical platform that uses a broad range of quality data sources to understand ESG risks, prompting WTW to create ESG Clarified. It offers our clients the ability to benchmark their ESG risks for particular business(es) and create unique reports for key audiences.”

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