It is clear that whether as private corporations, public or non-governmental organisations, we cannot afford to sacrifice ESG factors in the pursuit of economic growth and business profitability. We have observed the increasing correlation between non-payments and insolvencies influenced by severe climate-related events and social unrests.
In face of these unpredictable events, we at Euler Hermes are deepening our investment in data management and ESG knowledge to reinforce our resilience, and better serve our customers. In January 2020, we became the first credit insurer to include ESG risks into our country ratings to help businesses unveil potential blind spots in their investments.
