Only one third of SME brokers understand their firm's ESG targets: CII

Limited resources to implement ESG decisions

Jaskeet Briah
clock • 1 min read

Only one third (32%) of employees at small- to medium-sized (SME) brokers understood the Environmental, Social and Governance (ESG) targets at their firm, according to research by the Chartered Insurance Institute (CII).

An understanding of ESG targets was not consistent across employees of SME brokers, the CII detailed. Larger firms and more senior staff were "significantly" more likely to have a "meaningful" understanding of their firms' targets than those in entry level (25%) or intermediate level roles at SME brokerages. Compared to larger firms in the industry that have already outlined ESG strategies, the CII noted that other brokers are still considering their approaches, with key decisions yet to be taken and limited resources with which to implement them. As such, the CII Broking Community...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

The psychology of insurance

The psychology of insurance

Understanding decision-making

Jaskeet Briah
clock 23 April 2024 • 5 min read
SimplyBiz pens partnership for advisers to tackle climate change

SimplyBiz pens partnership for advisers to tackle climate change

Net Zero Financial Adviser Protocol now available to members

Jaskeet Briah
clock 22 April 2024 • 1 min read
Rosemount appoints Contractor Financial as AR

Rosemount appoints Contractor Financial as AR

Advice for contractors and the self-employed

Jaskeet Briah
clock 19 April 2024 • 1 min read