Chaucer bolsters sustainability efforts with new group head of ESG

Specialty re/insurance group  Chaucer has appointed a group head of ESG to drive its sustainability efforts. The new leader will support Chaucer’s ESG strategy and goals, including becoming net zero by 2050 and carbon neutral by 2030.

Simon Tighe (pictured) has been promoted to group head of ESG, in addition to his role as group head of investments & treasury within the firm.

Chaucer said Tighe has been instrumental in driving its ESG sustainability strategy. He played a pivotal role in the creation of the ESG Balanced Scorecard in partnership with Moody’s, which allows businesses to assess their performance across a wide range of ESG metrics, helping them identify risks and opportunities.

Chaucer recently signed up to the United Nations Principles for Sustainable Insurance (PSI). The principles will serve to address ESG risks and opportunities for the insurance and reinsurance industries.

The company has also made an investment in Kita, a specialist in carbon credit insurance, and is providing lead capacity for their Carbon Purchase Protection Cover.

John Fowle, CEO of Chaucer, said: “I am delighted to announce Simon’s new role as Group Head of ESG, in particular the design and development of our ESG Balanced Scorecard with Moody’s allowing an objective measurement of ESG.”

“At Chaucer we are committed to adding meaningful value to all our counterparties as we strive to support transition and deliver on our sustainability goals including becoming net zero by 2050 and carbon neutral by 2030.”

Tighe added: “I’m looking forward to continuing and building upon Chaucer’s ESG achievements to date. Being a genuine force for good is at the heart of our approach to ESG. I’m excited to lead the tangible impact we can make in the way that our clients and counterparties manage and mitigate their ESG risk.”

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