Launch of Insurance Industry ESG Knowledge & Skills Analysis Report 2023
Wed Mar 15 2023
A new report which analyses Environmental, Social and Governance (ESG) knowledge and skillset requirements within the Irish insurance industry was launched last week. The Insurance industry ESG knowledge and skills analysis 2023 report was compiled by KPMG, supported by Skillnet Ireland, with industry-wide collaboration between Brokers Ireland, LIA, the Insurance Institute, and Insurance Ireland.
ESG challenges are one of the most critical issues facing societies and economies today. The financial services sector, including the insurance industry, will play a critical role in Ireland’s transition to a net zero economy.
The Report Analyses Current ESG Awareness Within the Insurance Industry
Talent development and capacity building are recognised to be critical drivers of the sustainable finance agenda for Ireland. In this context, the report analyses current ESG awareness within the insurance industry, highlights knowledge gaps and provides recommendations for the development of future training programmes, in line with Pillar 1 – Talent Development, of the Irish Sustainable Finance Roadmap.
The report highlights the strong demand for introductory training on ESG and sustainable finance but also the need for targeted training for specific roles and across seniority levels. Regular assessments and refinement of training programmes will also play an important ongoing role, given the evolving nature of the sustainable finance agenda.
The findings presented in this report is an important milestone for the insurance industry in its journey to support Ireland in becoming a leader in sustainable finance.