{"id":149,"date":"2020-01-29T14:25:19","date_gmt":"2020-01-29T14:25:19","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=149"},"modified":"2020-01-29T14:26:11","modified_gmt":"2020-01-29T14:26:11","slug":"credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/","title":{"rendered":"Credit Insurer Euler Hermes Adds ESG Criteria to Country Risk Assessments"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">First to Incorporate ESG in risk methodology<\/h2>\n\n\n\n<p>Euler Hermes, a subsidiary of Allianz SE, has become the\nfirst credit insurer to add ESG criteria to its country risk methodology. In\nits announcement, the insurer explained that it has become increasingly clear\nthat ESG issues will impact companies\u2019 growth, market share and profitability,\nand must now be included in the assessment of non-payment risk. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Correlation between ESG and non-payment risk<\/h3>\n\n\n\n<p>Ludovic Subran, Chief Economist at Allianz, explained the new methodology:<\/p>\n\n\n\n<p>\u201cFor non-payment risk, the correlation between non-payments\nand severe climate-related events (supply chain interruptions), or between\ninsolvencies and social unrests (looting, profit loss) are increasing over\ntime. New payment risks could come from more difficult access to financing for\ncompanies with higher carbon footprint or with assets at risk of stranding\nbecause of regulatory decisions.\u201d<\/p>\n\n\n\n<p>While Euler Hermes has already included governance risks,\nsuch as regulatory and legal frameworks, and control of corruption in its country\nrisk analysis, it will now add indicators measuring environmental stability, as\nwell as sentiment analysis from social media in its political risk assessment.<\/p>\n\n\n\n<p>Mr. Subran continued:<\/p>\n\n\n\n<p>\u201cOur new country risk rating methodology aims to capture the\nvulnerabilities related to climate change and social unrests on companies,\nwhich could face higher costs of financing and disrupted supply chains, and\nbusiness interruption. Small island developing states, countries with a\ncarbonated energy mix, or countries where floods risks are high are on the\nwatch list for their impact on B2B trade. These exogenous shocks are often a\nblind post for providers who do not think of extending their due diligence on\ntheir clients to include these risks of non-payment. In the future, as\nawareness increases, I would not be surprised that some countries exhibit lower\nnonpayment risks thanks to successful adaptation policies.\u201d<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-149\" data-postid=\"149\" class=\"themify_builder_content themify_builder_content-149 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>First to Incorporate ESG in risk methodology Euler Hermes, a subsidiary of Allianz SE, has become the first credit insurer to add ESG criteria to its country risk methodology. In its announcement, the insurer explained that it has become increasingly clear that ESG issues will impact companies\u2019 growth, market share and profitability, and must now [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Credit Insurer Euler Hermes Adds ESG Criteria to Country Risk Assessments - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Insurer Euler Hermes Adds ESG Criteria to Country Risk Assessments - ESG Today\" \/>\n<meta property=\"og:description\" content=\"First to Incorporate ESG in risk methodology Euler Hermes, a subsidiary of Allianz SE, has become the first credit insurer to add ESG criteria to its country risk methodology. In its announcement, the insurer explained that it has become increasingly clear that ESG issues will impact companies\u2019 growth, market share and profitability, and must now [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-29T14:25:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-29T14:26:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2020\/01\/UJ9aR0_7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"Credit Insurer Euler Hermes Adds ESG Criteria to Country Risk Assessments\",\"datePublished\":\"2020-01-29T14:25:19+00:00\",\"dateModified\":\"2020-01-29T14:26:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/\"},\"wordCount\":306,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Companies\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/\",\"url\":\"https:\/\/www.esgtoday.com\/credit-insurer-euler-hermes-adds-esg-criteria-to-country-risk-assessments\/\",\"name\":\"Credit Insurer Euler Hermes Adds ESG Criteria to Country Risk Assessments - 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