Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health Insurance
• Health Topics in Europe
• ESG Ratings
• Financial Stability
• Sustainability Criteria
• Climate Change
• Social Capital
• Corporate Governance

Climate Goals & Targets

Environmental Challenges

• Heterogeneous ESG rating market
• Lack of standardized methodologies for ESG ratings
• ESG factors impacting financial stability of health insurers
• Increasing regulatory requirements for sustainability
• Need to quantify sustainability criteria for insurance products
• Managing ESG risks that impact business
• Potential reputational damage from poor ESG ratings
• Risk of losing healthier customers
• Climate change vulnerability of insured assets and individuals
• Data privacy and security breaches

Mitigation Strategies

• Improving ESG ratings to avoid losing customers and attract new business
• Integrating health equity into ESG framework
• Investing in health-related areas to improve ESG ratings
• Implementing occupational health and safety policies
• Implementing health benefit programs
• Reassessing investment strategy with respect to green assets
• Improving data security and protection systems
• Providing access to insurance services to underserved markets
• Involvement in social projects for expanding access to healthcare
• Refinement of analyses performed for the ORSA (Own Risk and Solvency Assessment)
• Sustainable investment strategies
• Regular analysis of insurance benefits with respect to environmental changes and evolution of diseases

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Wildfires
• Heat waves

Transition Risks

• Policy transition risks affecting investments in carbon-reliant assets

Reporting Standards

Frameworks Used: MSCI, Sustainable1, Sustainalytics