[gallery size="full" ids="208130,208131"]
More U.S. insurers are appointing chief sustainability officers to address stakeholder demands for greater disclosure and more concrete action on environmental, social equity and governance concerns. Yet many are struggling to overcome common organizational hurdles hindering the execution of their agendas.
Limited resources, lack of clarity about the mission and strategy, as well as a dearth of quantitative metrics to measure progress and the bottom-line impact of sustainability initiatives were among the challenges raised by chief sustainability officers (CSOs) or their equivalents from a wide range of insurers interviewed by the Deloitte Center for Financial Services. There also are opportunities, however, to overcome these obstacles and meet rising sustainability expectations among regulators, legislators, rating agencies, independent assessment firms, and investors, as well as an insurer's increasingly socially conscious customers and employees.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
