Chaucer has announced the promotion of Simon Tighe to the position of Group Head of Environmental, Social and Governance(ESG).
Tighe has played a crucial role in the development of Chaucer’s major ESG initiative which it developed in partnership with Moody’s. The ESG Balanced Scorecard enables businesses to measure their ESG performance, across up to 158 distinct metrics, enabling them to evaluate business risks and opportunities.
“I am delighted to announce Simon’s new role as group head of ESG. He has been a driving force in the evolution of our ESG strategy, in particular the design and development of our ESG Balanced Scorecard with Moody’s allowing an objective measurement of ESG,” commented CEO of Chaucer, John Fowle.
“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.”
Chaucer recently announced it has 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.
Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard
The ESG Balanced Scorecard which Chaucer developed jointly with Moody’s, the leading global provider of financial intelligence, uses up to 158 metrics to evaluate the ESG performance of a business, based on its disclosures. The design marries Chaucer’s expertise in underwriting risk, with Moody’s data and ESG-modelling expertise, to help businesses identify and manage ESG risks and opportunities, helping them to become more sustainable. The scorecard not only enabling (re)insurers to manage their own ESG profiles but also helps re/insurers better understand potential risks and areas for improvement related to the ESG of their customers.
