Finance
22:02 11 February 2020
Post by: WBJ

Euler Hermes to consider ESG factors in risk assessment

Euler Hermes to consider ESG factors in risk assessment
Source: Pxhere

Euler Hermes, the trade receivables insurer, will include environmental, social and corporate governance (ESG) issues in its rating methodology, the company said. Thus, it will be the first company to insure loans taking into account ESG factors.

The new country risk rating methodology seeks to capture vulnerability to business threats related to climate change and social unrest that may be exposed to higher financing costs and disrupted supply chains as well as business interruptions.

“It is now clear to businesses and investors that these issues will affect growth, market share, and profitability. The source of new payment risks may be more difficult access to finance by companies with a higher carbon footprint,” Euler Hermes said.

(300gospodarka)

euler hermes
esg
risk assessment

More News

lifestyle

LifeStyle
2 months ago

'We work hard, we achieved what we have on our own, we are strong women, and we have our voice': Joanna Krupa

LifeStyle
2 months ago

Magdalena Lamparska: 'Viewers have come to enjoy watching movies at home'

LifeStyle
2 months ago

8th edition of the 4 Design Days in Katowice 25–28 January Everlasting design. Timeless architecture.

LifeStyle
2 months ago

Children's birth completely changed my perception of the world: actress Zuzanna Grabowska

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
3 years ago

25th jubilee edition of Book of Lists – project start