Chaucer announces new collaboration with Moody’s to revolutionise the way businesses manage their ESG profile.

Global specialty (re)insurance group, Chaucer, today announces a new collaboration with Moody’s, the global integrated risk assessment firm. Together, Chaucer and Moody’s aim to produce an innovative, data-driven Environmental, Social and Governance (ESG) ‘scorecard’. The collaboration, the first of its kind in the (re)insurance sector, elevates the way companies’ ESG credentials are assessed using robust propriety data and metrics.

The new scorecard will help Chaucer measure counterparties’ ESG performance using 158 different metrics. The scorecard’s design combines Chaucer’s insight into counterparty risk with Moody’s deep ESG performance measurement and risk modelling expertise to evaluate businesses’ risks and opportunities at an in-depth level. By delivering a calibrated output, driven by Moody’s comprehensive ESG assessments coverage and double materiality methodology, Chaucer will be able to derive its own ESG profile and help its counterparties understand their risk both from a stakeholder and an enterprise perspective.

John Fowle, CEO of Chaucer comments: “It’s incredibly exciting to be working with Moody’s on what we believe will be a gamechanger for the (re)insurance industry. Our strategic collaboration with Moody’s enables Chaucer to be at the forefront of leading real change in the way ESG is measured and managed.

This is a powerful tool that will not only help Chaucer, but all our clients and business partners transition to be more sustainable businesses.”

Stephen Tulenko, President of Moody’s Analytics, added: “We are extremely proud to collaborate with Chaucer on an innovative solution to combine Chaucer’s expertise in underwriting and risk management with our ESG expertise and wider integrated risk modelling capabilities, recently enhanced by RMS, to help support more sustainable decision-making.


Published on 08.02.2022