ESG for the Insurance and Pension Industry in Asia Pacific Markets, dated April 2023
Jia ZHANG, FSA
Ji YAO, PhD, FIA, FASHK, CERA, FHEA
Zichao ZHAO, FSA, CFA, FRM, SCR, CQF
Jingling ZHANG, CFA ESG, LEED AP
Cheng YU, CFA, FRM
Yue WANG, ASA
Lingyan WANG, ASA
Gexi ZHU, CESGA
Liqun MAO, MS
Mei TAN, MS
Ruixun ZHANG, PhD, Professor
Danping LI, PhD, Professor
ESG is the abbreviation of Environmental, Social and Governance, which has become an increasingly popular concept in the capital markets across the globe. Although definitions on ESG vary slightly according to different sources, the general understandings are similar. Environmental refers to issues related to the planet, such as climate change mitigation and biodiversity protection; Social focuses on issues around societal problems, such as gender inequality; Governance puts emphasis on building and maintaining a sound corporate governance system.
Different industries, however, have started to focus on various issues and areas of work related to ESG. For players in the financial sector, mainly including banking and insurers, there are growing demands to incorporate ESG considerations into their product design, risk management and investment. Thus, although still in an early stage, financial institutions have begun to incorporate ESG factors through a combination of qualitative and quantitative methods.
ESG for the Insurance and Pension Industry in Asia Pacific Markets
The researchers’ deepest gratitude goes to those without whose efforts this project could not have come to fruition: the Project Oversight Group and others for their diligent work overseeing questionnaire development, analyzing and discussing respondent answers, and reviewing and editing this report for accuracy and relevance.
Project Oversight Group members:
Boon Ho, FSA, CERA, FCIA
Raymond Lai, FSA, FASM
Wayne Lai, CFA
Lan Wu, PhD, Professor
Sophie Xu, CEAS
At the Society of Actuaries Research Institute:
R. Dale Hall, FSA, CERA, CFA, MAAA
Jessie Li, FSA
Rob Montgomery, ASA, MAAA, FLMI
Ronora Stryker, ASA, MAAA
Xiao Xu, FSA, CERA, FIAA, CFA, FRM, CA, CPA, PhD
Wai Ling Yung
Questions or Comments?
Give us your feedback! Take a short survey on this report. Take Survey
If you have comments or questions, please send an email to firstname.lastname@example.org.