The British Insurance Brokers’ Association (BIBA), the annual conference of which is taking place today and tomorrow, has published a new guide on ESG (environmental, social, and governance) for BIBA members.
A full copy of the guide can be accessed on the BIBA website, while hard copies of a summarised mini version were made available at The BIBA Conference 2023 in Manchester. According to the trade body, the online version is a dynamic guide that will be updated whenever necessary.
“Discussions about ESG issues are already a fixed agenda item on our boards and incorporate the diverse needs of our members on this subject, and we have formulated our own ESG policy,” said BIBA chief executive Steve White, whose camp worked on the guide with law firm Weightmans.
“However, we wanted to help any member, whatever their ambitions in this area, with their ESG journey. Our aim is to help members understand the direction of travel on ESG and support them in integrating ESG into their businesses whatever stage of implementation they may already be at.”
Weightmans environmental lawyer Nick Barker added that effective ESG integration starts by getting the governance right.
“This guide provides the tools to lay a solid foundation of ESG governance before exploring specific ESG stepping stones,” noted Barker in an emailed release.
“Step-by-step guidance is provided right from initial stakeholder identification to the completion of an ESG materiality assessment through to the implementation of an ESG plan and is a highly useful tool for any firm regardless of where they are currently on the ESG spectrum.”
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