New group head of ESG at Chaucer
Chaucer has promoted Simon Tighe to become its group head of ESG, in addition to his role as group head of investments and treasury. According to the insurer, Tighe has been instrumental in driving Chaucer’s ESG sustainability strategy, which is committed to embedding ESG into the decision-making process.
Tighe has played a crucial role in the development of Chaucer’s ESG initiative – the ESG balanced scorecard, developed in partnership with Moody’s. It allows businesses to measure their ESG performance across up to 158 distinct metrics, enabling them to evaluate business risks and opportunities.
John Fowle, CEO of Chaucer said: “I am delighted to announce Simon’s new role as group head of ESG. He has been a driving force in the evolution of our ESG strategy, in particular the design and development of our ESG balanced scorecard with Moody’s, allowing an objective measurement of ESG. At Chaucer we are committed to adding meaningful value to all our counterparties as we strive to support transition and deliver on our sustainability goals, including becoming net zero by 2050 and carbon neutral by 2030.”
Tighe added: “I’m looking forward to continuing to build upon Chaucer’s ESG achievements to date. Being a genuine force for good is at the heart of our approach to ESG. I’m excited to lead the tangible impact we can make in the way that our clients and counterparties manage and mitigate their ESG risk.”
Chaucer recently announced it has signed up to the United Nations Principles for Sustainable Insurance and has also invested in, and is providing lead capacity for, carbon credit insurance specialist Kita, whose Carbon Purchase Protection Cover insures buyers of forward-purchased carbon credits.