’Financial institutions will play a crucial role in the transition to a green economy,’ says regional directorInsurtech Crif has launched a new solution to help UK insurers better understand how compliant partners and customers are with environmental, social and governance (ESG) principles. Called ESG Analytics, the solution allows insurers to assess the profiles of UK and EU-based firms using the VAT or registration number of that business. It can analyse a range of factors, including a business’s water usage, waste production, emissions, health and safety record, modern slavery stance and inclusiveness. Crif’s new solution aims to enhance pricing competitiveness, provide safeguarding measures against future risks and calculate scope three emissions. “Financial institutions will play a crucial role in the transition to a green economy.

Source: The Times February 20, 2024 13:27 UTC