60%
Surveyed companies that reported on climate-related risks and opportunities in fiscal year 2021, a 19 percentage point increase between 2019 and 2021.
Source: Task Force on Climate-related Financial Disclosures
Standard-setting bodies such as the International Sustainability and Standards Board (ISSB) and the International Organization of Securities Commissions (IOSCO) voiced support for greater disclosure and encouraged global regulators to adhere to established and reliable frameworks for improvement.
Given this momentum, companies can expect other countries and regions to follow and adopt new reporting standards as well. Organizations should monitor proposed changes to standards so they can prepare for what is ahead.
Government regulators have been busy proposing and implementing climate and broader sustainability disclosures in 2022. Consider some of the following developments:
In each of these proposals, there is a mutual acceptance of and alignment to the TCFD’s recommendations on climate-related financial disclosures. Over the past five years, the percentage of companies disclosing the TCFD’s recommendations in financial filings or annual reports has increased each year. In fact, more than 70 percent of companies surveyed by the TCFD for its annual report implemented its recommendations for fiscal year 2021 compared to 45 percent for fiscal year 2017.1
There are other key similarities and priorities that resonate across these proposals, including:
Third-party verification is a discussion topic that regulators see as a solution to verifying reported data and ensuring standards of reporting and data quality are upheld. In the UK for example, in early 2022, the primary financial reporting regulator rejected membership applicants to the UK Stewardship Code based on assessments from the Financial Reporting Council (FRC), a trusted third-party.
Most recently, at the 2022 United Nations Climate Change Conference or COP27, UN Secretary General António Guterres said the global climate community must have “zero tolerance” for greenwashing in the transition to net zero. “Using bogus net-zero targets to enable fossil fuel expansion is reprehensible… The sham must end.”
Regulators and the general public are increasingly focused on non-financial disclosure, including nature capital or the world’s stock of natural assets (i.e., soil, water and all living things).
Supply chain issues are important to companies that either have to or choose to disclose scope 3 emissions to regulators, because these emissions might represent the majority of an organization’s greenhouse gas emissions. Although a company doesn’t have direct control over its scope 3 emissions, it may be able to impact the activities that result in these emissions.₂ For example, Apple took steps recently to call on its global supply chain to address their greenhouse gas emissions and take a comprehensive approach to decarbonization.₃
The FRC emphasized the need for companies to disclose risks and opportunities posed by climate change and the transition to a low carbon economy, saying, “comprehensive, high-quality and consistent climate-related disclosures lead to greater transparency about companies’ challenges, which, in turn, helps investors to make better decisions.”
Planning to mitigate climate risks and realize opportunities will not be easy for companies without a global regulatory framework that puts a price on carbon. For many companies, achieving emissions reduction targets will necessitate the use of carbon credits, which demands greater market stability and upon which global regulators can act accordingly. The SEC’s proposed rules introduce disclosure requirements on the role that carbon credits play in achieving an organization’s climate-related business strategy, and it’s possible other regulators will take similar action.
The proposed regulations represent a milestone in the environmental, social and governance (ESG) movement. Investors and other stakeholders want to know how companies are addressing their climate risks and are increasingly asking for more standard disclosure around emissions reporting. As investors look to disclosures to inform their investment decisions, companies that don’t start preparing now risk potentially shutting themselves off to new forms of capital, falling behind their competitors, alienating stakeholders, exposing themselves to reputational risk and having to scramble to comply when new rules are finalized.
While many proposed rules aren’t yet final, the sooner businesses begin assembling information related to the proposal and ensuring they are prepared, they will be better positioned to comply quickly. We recommend companies incorporate the following questions as they prepare for future regulation:
Who has oversight and responsibility for climate-related risks and opportunities within management? Is this information reported to the board of directors (or a key committee tasked with ownership of this topic)? What governing policies and procedures are in place for oversight and responsibility within management and the board?
Board members are finding themselves in need of more information and education on ESG topics, including climate. Management should consider whether and to what extent to provide the board regular updates on the company’s climate strategy, tailored trends and education. Ensure public disclosure on how the board receives this information.
Identify, quantify and assess the ways climate change will impact your company. Both physical and transition risks must be considered; scenario analysis is the most commonly preferred method to undertaking an assessment.
What climate-related information is currently tracked, measured and monitored or reported? Is such data reviewed by a third-party for verification or assurance?
What climate-related public statements, claims or commitments have been made? Are you tracking information and data across departments? Are you relaying accurate progress to or greenwashing the public?
How do you define materiality for climate-related risk compared to regulators? It might be necessary to integrate climate disclosures and processes with financial reporting disclosure processes.
The impact of proposed regulations will vary depending on a company’s industry, unique environmental footprint and how far along it is in addressing and disclosing emissions.
Emissions financed by banks (considered scope 3) place a more onerous burden on the industry. Financial institutions should build new models to help quantify exposure to physical and transition risk across both investment and lending portfolios. To usher a more rapid transition, companies should enjoin themselves with global or regional coalitions committed to decarbonization efforts such as the Glasgow Financial Alliance for Net Zero. As companies do this, it will improve their disclosures and ultimately enable more informed risk management approaches.
The pressure on energy companies from all stakeholders, including shareholder activists, will likely increase as energy abundance, use and development improves and because the role and impact of energy companies in transitioning to greener energy is significant. Paul O’Keefe, managing director of enterprise clients in Asia-Pacific at Aon, stresses the significance of the move towards a requirement for scope 3 emissions reporting because it brings closer the relationship and influential ties between carbon emissions and supply chains.
“This will cause companies to reach into their value chain to understand the full greenhouse gas impact of their operations. Although not under the company’s control, they will be expected to influence the activities that result in the emissions of its suppliers and consider the broader ESG context of their customer base and utilization of their products, says O’Keefe.
The future of the food, agriculture and beverage (FAB) industry will be influenced and financed by multiple stakeholders, including consumers, regulators, governments and investors. Leaders and innovators in the industry have been proactive around voluntary climate disclosures in line with TCFD recommendations, with a shift in mindset beyond simply profit to a “people-purpose-planet” agenda. Dairy and meat businesses will be particularly challenged navigating the emission disclosures given their volume of methane emissions. While many FAB companies have made progress in identifying physical and transition risk, our clients are also leveraging the power of predictive analytics to better understand, quantify and model this risk, with a view to informing the business strategy on climate and ensuring the issue is core to the enterprise risk framework.
Facing the potential prospect of higher carbon taxation in order to curb climate impact, energy, metals and minerals producers will likely face greater pressure from regulators, investors and consumers to ensure material production is less carbon intensive and more environmentally friendly, reducing climate-related risks. In the future, it’s possible metals and minerals producers could receive tax incentives to pursue greener product output and distribution.
The real estate industry depends on global supply chain materials that are known to have carbon-related risks such as cement, steel and glass. Efforts to reduce carbon output from metals and minerals will likely impact the price of these materials and increase the potential for brown discount in yields versus an opportunity for a green or positively beneficial premium.
Challenges and changes to proposed rules in places like the U.S. and Canada where they haven’t been enacted into law are expected in the near future as public opinion is reviewed and questions are raised. However, the future of regulation on the topic of climate is looking increasingly global and harmonized among countries, governments and regulators.
This is because countries, businesses and people experience weather events and climate-related disasters collectively; it affects mass populations at once, which will always be pushed to the front of the public consciousness. Therefore, it’s sensible to think that tackling a complex global issue such as climate change would benefit from international cooperation and collaboration.
Despite the benefits of global cooperation, political divisions still exist as barriers to progress on climate regulation. For example, developing nations look to rich nations to financially help them reduce carbon emissions, yet rich nations continue to rely on the success of heavy industry, often the same actors noted as carrying out pollution and negative climate impact.
The vision of the 2022 United Nations Climate Change Conference is one resource that countries and companies should look to for advice and recommendations on setting and achieving decisions, pledges and agreements to accelerate climate action through appropriated finance and adaption efforts. The 2022 TCFD Status Report is another valuable resource for companies dedicated to increase their TCFD-aligned reporting and implement recommendations of climate-related reporting requirements and standards based on the history and performance of others working with global regulators.
As countries and governments work in tandem to build a foundation for global ESG reporting standards, a company’s C-suite, risk managers and other climate stakeholders will want to ensure standards are upheld in each country of operation or face greater risk when it comes to investor interest based on compliance and risk history. Companies need to make climate disclosure decisions not only aligned to the basic needs of regulation compliance, but also in their best interest and long-term planning strategy.
1 Task Force on Climate-related Financial Disclosures – 2022 Status Report
2 Scope 3 Inventory Guidance
3 Apple calls on global supply chain to decarbonize by 2030
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The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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Surveyed companies that reported on climate-related risks and opportunities in fiscal year 2021, a 19 percentage point increase between 2019 and 2021.
Source: Task Force on Climate-related Financial Disclosures
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Complex market dynamics in the construction industry are pushing organizations to proactively explore alternative risk transfer solutions, including parametric insurance and captives.
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As new job roles and technologies emerge in the natural resources industry, employee expectations are also shifting. Leaders must rise to the challenge of securing talent to meet the world’s future energy needs.
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Rulemaking from the Securities and Exchange Commission (SEC) highlights the importance of company transparency with investors and regulators around risk management and the impact of cyber events.
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Five ways financial institutions can balance investment with prudence in an uncertain economic climate.
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An increasingly interconnected and complex risk landscape continues to shape risk strategies and market responses.
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To be successful, business leaders must keep pace with the key trends that will impact the risk and insurance landscape in 2024.
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Taking a new approach to talent management and planning for worker shortages can help businesses in the energy and power industries build greater operational resilience.
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As organizations build diversity, equity, inclusion and belonging in the workplace, they must also ensure benefit plans are designed and customized to meet the needs of a diverse workforce.
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For investors, climate change means navigating uncertainties and understanding a wide range of potential outcomes.
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Extreme cold and freeze were responsible for $15 billion worth of structural damage in recent years, as well as business interruption and supply chain impacts. We explore the threat chronic hazards pose and consider the influence of climate change on business.
Article 7 mins
The global D&O market remains soft, creating a favorable environment for buyers. With abundant capacity and increased competition, capitalizing on conditions now is critical as rates are showing signs of moderating.
Article 17 mins
It's never been more important for HR leaders to help shape and support the execution of business strategies. However, to be successful in today’s volatile world, HR teams must stand ready to understand and harness five fast moving trends.
Article 9 mins
Supply chain disruptions can have serious reputational repercussions, causing plummeting shareholder value and diminished stakeholder trust. The potential fallout underscores the need for management strategies that collectively address these risks.
Article 13 mins
To feed a growing global population, FAB organizations must build operational resilience to overcome supply chain, cyber, geopolitical and climate risks.
Article 10 mins
Businesses considering pension risk transfer to mitigate volatility should prepare now to be well-positioned for market opportunities.
Article 7 mins
Improving retirement plan governance is crucial during economic uncertainty. Collective retirement plans, like a pooled employer plan, reduce risk and streamline administrative expenses for employers while also boosting employee support.
Article 4 mins
Senior executives aren’t letting a tough market for transactions stop them from finding new approaches to closing deals.
Article 7 mins
To stay competitive, middle-market companies need to navigate the current economic volatility and invest in their technology and talent.
Article 7 mins
Host and chief marketing officer, Reinsurance Solutions, Alexandra Lewis, is joined by UK Investment Partner at Aon, Jennifer O’Neill, for insights into the critical role that biodiversity plays in planning for the future.
Article 6 mins
Organizations faced complex challenges in risk capital and human capital throughout 2023, prompting leaders to turn to new ways of doing business.
Article 8 mins
Good agricultural practices reduce emissions, expand carbon sequestration and benefit the supply chain from the very first mile — all key components of achieving future climate goals.
Article 6 mins
In today’s increasingly volatile global economy, business leaders are focusing on two key areas of decision making: risk capital and human capital.
Article 6 mins
Our Fashion and Luxury Goods EMEA Insurance Market Insights Report discusses the macro events that impacted the insurance market in the fourth quarter of 2023 in the Fashion and Luxury Goods Industry in EMEA.
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Hear from Aon and industry thought leaders to increase your working knowledge of Parametric Solutions through our four-part educational video series.
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By taking a 360<sup>o </sup>view of employee wellbeing, leaders can build the resilience of their organizations while improving workplace experiences.
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Financial institutions are falling short on providing organizational structure, building future skills and creating value within their organization. Addressing these is critical to future success.
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With technology advancements, new consumer expectations and unpredictable markets, retailers face hurdles in building a resilient workforce. Here are two actions to take for a stronger future.
Article 6 mins
Parametric solutions have the flexibility to make hard-to-predict and often uninsurable “grey swan” events insurable. Such is the case for earthquakes — a potentially catastrophic risk across the globe.
Article 9 mins
The insurance industry can help the economy transition to alternative energy sources and mitigate the impacts of climate change — from facilitating capital for clean technologies to protecting people and businesses.
Article 7 mins
Technological innovations offer business leaders many opportunities to improve the cost and efficacy of employee health and benefits plans.
Article 7 mins
The non-standardized nature of cyber and E&O policy wording creates the opportunity to mold an individually tailored and responsive risk transfer tool.
Article 8 mins
With medical costs on the rise, companies are looking for ways to avoid passing the increased financial burden onto employees.
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As data becomes more advanced and precise, so does parametric insurance as a risk solution — a win-win for both risk managers and insurers.
Article 5 mins
Ensuring future operational resilience of an acquired TMC business during an M&A starts with getting cyber due diligence right.
Article 6 mins
Often overlooked, intellectual property is an asset in the Technology, Media & Communications industry that must have effective risk management to support an organization’s overall operational resilience strategy.
Article 7 mins
The landscape for U.S. and UK pension plans has changed greatly. Companies are mitigating risks to meet regulatory requirements and protect their employees and finances.
Article 7 mins
Our research shows three workforce challenges specific to technology companies. We highlight ways to close these gaps — which is key to future industry success.
Article 6 mins
As hiring and employee turnover slows down, employers have an opportunity to rethink their salary increase strategy for 2024.
Article 7 mins
Web 3.0 is coming. Every luxury goods business can profit from the use of its related technologies in digital assets, such as NFTs and the metaverse, but cyber security must keep pace.
Article 5 mins
Funding to grow and innovate in the fashion and luxury goods industry can come from both traditional and non-traditional sources — like M&A and leveraging a brand’s intellectual property.
Article 5 mins
With more brands looking to reposition themselves in the fashion and luxury industry and secure their future, a robust workforce resilience strategy will be key.
Article 8 mins
Navigating complex, large mergers and acquisitions is a rare challenge for risk managers in life sciences. In these high-stakes scenarios, a reassessment of risk profiles and a strategic overhaul of risk financing becomes imperative to ensure the effectiveness of deals.
Article 7 mins
In a landscape where IP is increasingly becoming integral to company valuations, many business leaders, boards, patent attorneys and litigation teams are making IP insurance a key asset in their toolkits.
Article 11 mins
Construction and Real Estate industry respondents to our Global Risk Management Survey (GRMS) ranked economic slowdown or slow recovery and failure to attract or retain top talent as their two most critical risks.
Article 10 mins
Financial Institutions respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and regulatory or legislative changes as their two most critical risks.
Article 12 mins
Financial Sponsors respondents to our Global Risk Management Survey (GRMS) ranked cash flow or liquidity risk and capital availability as their two most critical risks.
Article 13 mins
Food, agribusiness and beverage industry respondents to our Global Risk Management Survey (GRMS) ranked commodity price risk or scarcity of materials and supply chain or distribution failure as their two most critical risks.
Article 9 mins
Healthcare respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and workforce shortage as their two most critical risks.
Article 8 mins
Hospitality, Travel and Leisure industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and economic slowdown or slow recovery as their two most critical risks.
Article 10 mins
Industrials and Manufacturing respondents to our Global Risk Management Survey (GRMS) ranked commodity price risk or scarcity of materials and supply chain or distribution failure as their two most critical risks.
Article 11 mins
Insurance industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and failure to attract or retain top talent as their two most critical risks.
Article 11 mins
Life Sciences industry respondents to our Global Risk Management Survey (GRMS) ranked supply chain or distribution failure and cyber attack or data breach as their two most critical risks.
Article 11 mins
Natural Resources industry respondents to our Global Risk Management Survey (GRMS) ranked business interruption and regulatory or legislative changes as their two most critical risks.
Article 9 mins
Professional Service respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and failure to attract or retain top talent as their two most critical risks.
Article 11 mins
Public Sector respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and damage to brand or reputation as their two most critical risks.
Article 13 mins
Retail and Consumer Goods respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and supply chain or distribution failure as their two most critical risks.
Article 13 mins
Sports and Entertainment industry respondents to our Global Risk Management Survey (GRMS) ranked damage to brand or reputation and business interruption as their two most critical risks.
Article 12 mins
Technology, Media and Communications industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and failure to attract or retain top talent as their two most critical risks.
Article 9 mins
Transportation and logistics industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and economic slowdown or slow recovery as their two most critical risks.
Article 6 mins
Data and Governance have an important role in managing reputational risk and preventing supply chain issues in the Fashion and Luxury Goods Industry.
Article 8 mins
As ESG scrutiny intensifies, luxury goods brands will need to juggle competing stakeholder demands.
Article 12 mins
Asia Pacific respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as the number one current and future risk for the region.
Article 10 mins
European respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as the number one current and future risk for the region.
Article 8 mins
Latin American respondents to our Global Risk Management Survey (GRMS) ranked business interruption as the number one current risk for the region.
Article 12 mins
North American respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as the number one current and future risk for the region.
Article 8 mins
Middle East and Africa respondents to our Global Risk Management Survey (GRMS) ranked economic slowdown or slow recovery as the number one current and future risk for the region.
Article 9 mins
UK respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as their number one current and future risk.
Article 5 mins
Our research shows three workforce challenges specific to manufacturing companies. Addressing these is critical to future success.
Article 5 mins
Understanding the physical and transition risks will be key to successfully managing climate risk and developing a climate resilient luxury goods business.
Article 6 mins
Avoid limiting a portfolio’s capacity based on the capabilities or bandwidth of an existing process by working with the right partner.
Article 3 mins
As COP28 approaches, leaders are exploring ways to make their businesses more sustainable and climate resilient.
Article 7 mins
Generative Artificial Intelligence (AI) – a type of artificial intelligence that has the ability to create material such as images, music or text – is already a proven disruptor and its adoption is growing at an explosive rate.
Article 15 mins
A complex macroeconomic environment continues to shape risk strategies and market responses.
Article 12 mins
Medical costs continue to rise around the world. Aon’s Global Medical Trend Rate report provides insight into what conditions are driving these increases.
Article 7 mins
Insurance CEOs are well aware of the talent crisis: they’re fully engaged and seeking answers.
Article 6 mins
With increasing ransomware attacks, building resilience is a top concern for business leaders.
Article 3 mins
Article standfirst
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Insurance leaders can confidently future-proof their business strategy and avoid misalignment, by engaging the right groups of people to define and deliver their roadmap for success.
Article 6 mins
Commodity Price Risk or Scarcity of Materials is the seventh biggest risk facing organizations globally today and is predicted to rise to the third most critical risk by 2026, according to our survey.
Article 4 mins
Economic Slowdown or Slow Recovery is the third biggest risk facing organizations globally today, and is predicted to be the second most critical risk by 2026, according to our survey.
Article 5 mins
Failure to Attract or Retain Top Talent is the fourth biggest risk facing organizations globally, and is predicted to remain the fourth most critical risk by 2026, according to our survey.
Article 5 mins
Regulatory or Legislative Changes are the fifth biggest risk facing organizations globally today, and are predicted remain the fifth most critical risk by 2026, according to our survey.
Article 4 mins
Supply Chain or Distribution Failure is the sixth biggest risk facing organizations globally today, and is predicted to fall to the thirteenth most critical by 2026, according to our survey.
Article 4 mins
Business Interruption is the second biggest risk facing organizations today and is predicted to fall to the sixth most critical by 2026, according to our survey.
Article 7 mins
Cyber Attack or Data Breach is the number one risk facing organizations globally and is predicted to remain in this position by 2026, according to our survey.
Article 4 mins
Damage to Brand or Reputation is the eighth biggest risk facing organizations globally today and is predicted to fall to rank twenty one by 2026, according to our survey.
Article 5 mins
Failure to Innovate or Meet Customer Needs is the ninth biggest risk facing organizations globally today and is predicted remain in that position by 2026, according to our survey.
Article 4 mins
Increasing Competition is the tenth biggest risk facing organizations globally today, and is predicted to rise to the seventh-most critical risk by 2026, according to our survey.
Article 11 mins
Gene and cell therapies represent breakthrough advances in medicine, but they also have significant costs and potential risks for patients, employers, insurers, governments and manufacturers.
Article 9 mins
A global survey of medical trend expectations highlights the health conditions affecting employees and impacting costs, how employees are using their medical plans, areas where they need better coverage and where employers can build on these insights.
Article 11 mins
In the wake of record-breaking high global temperatures in 2023, the rising frequency of extreme heat due to climate change creates an urgency for the risk industry to analyze climate trends for better risk mitigation.
Article 6 mins
Life sciences companies lag other industries in addressing the physical and mental health of employees and getting them future-skills ready. Here are actions to address these gaps.
Article 12 mins
(Re)insurers must embrace AI technology to successfully navigate today’s emerging transformative trends that are shaping the insurance landscape.
Article 6 mins
A drug class known as GLP-1 receptor agonists or simply “GLP-1s” (e.g., Novo Nordisk’s Ozempic) has been used for several years to help control type 2 diabetes.
Article 6 mins
Technology, media and communications businesses need to understand how climate change threatens their operational resilience. Parametric insurance is becoming an important part of the solution.
Article 6 mins
Within the fast-moving Technology, Media and Communications sector, workforce resilience is critical to operational resilience. The journey there involves understanding the key components of workforce resilience, how they can be measured and what initiatives promote greater resilience.
Article 6 mins
Everyone working for an organization is responsible for building a culture of cyber resilience.
Article 8 mins
Creating the right mix of talent will be key for capturing (re)insurance growth opportunities as transformative trends shape the future landscape.
Article 11 mins
With medical costs continuing to rise globally, Aon’s 2024 Global Medical Trend Rates Report examines the risk factors driving the increased costs.
Article 7 mins
New pay transparency laws are forcing employers to develop a pay disclosure strategy and make decisions like whether to voluntarily disclose salaries where it’s not legally required.
Article 9 mins
The strategic use of credit solutions (credit insurance, political risk insurance and surety) can enhance liquidity, improve transaction returns, facilitate capital-efficient deal closures, and support long-term value creation.
Article 7 mins
Employers that build flexible, inclusive cultures help caregivers in the workplace to balance their responsibilities on the job and outside work.
Article 11 mins
The SEC published nine new Compliance and Disclosure Interpretations (C&DIs) covering the pay versus performance rule. The C&DIs focus on when awards are considered vested and the valuation of equity awards in specific circumstances.
Article 9 mins
As the need for climate-resilient infrastructure grows, the industry contends with changes in regulations, building strategies and risk.
Article 8 mins
CHROs are using workforce data and insights to craft solutions that address organizational challenges and elevate their people.
Article 9 mins
Burnout and languishing threaten individual and organizational productivity and business outcomes. A company’s employee wellbeing strategy can help prevent them by mitigating microstress.
Article 8 mins
With continued market volatility, finding adequate coverage for growing protection gaps via traditional insurance alone is challenging. Parametric solutions can help businesses build resiliency against catastrophe-prone exposures and more.
Article 6 mins
A holistic understanding of climate risks requires a multidimensional approach to data, risk models and developing staff expertise.
Article 5 mins
The IAC recommends the SEC mandate prescriptive requirements in several key areas of human capital management disclosures to provide investors with relevant, timely and comparable data to adequately contextualize a company’s workforce value.
Article 7 mins
New legislation is presenting employers with an opportunity to model sustainable pensions and modernize employment conditions.
Article 8 mins
With a robust exit strategy, financial sponsors can create value from day one and enable a strong long-term outlook.
Article 6 mins
As cyber attacks become more sophisticated, banks can shore up their cyber-security resilience efforts by building a partnership between business leaders and cyber technologists.
Article 10 mins
As cyber threats continue to increase it is vital that businesses build ongoing operational cyber resilience to help assess, mitigate and transfer risk, and recover should an attack occur.
Article 9 mins
Addressing the retirement pay gap issue between men and women starts with first acknowledging it exists. Then companies can conduct further analysis and adjust their benefit plans accordingly.
Article 5 mins
Secondary deal activity will likely continue to strengthen as financial sponsors navigate widespread macroeconomic uncertainty.
Article 7 mins
Organizations can refresh their employee pension communications with these five tips to help people connect with their retirement planning.
Article 9 mins
The first 10 days after a cyber-attack can be the most damaging. Having a cyber incident response plan in place and ready to deploy can help companies assess threats and develop controls.
Article 6 mins
Pricing pitfalls are more common than you think, whether it's working with incomplete data or key man risk – but with the right pricing process, many of these issues can be mitigated. Read our article to learn about the most common pricing errors, and what insurers can do about it.
Article 5 mins
In today's increasingly complex insurance landscape, an inadequate pricing system can not only impact insurers' view of risk, but also prevent them from making the right decisions at the right time. Read our article on why it's essential to get pricing right.
Article 7 mins
By leveraging the advances made by academic research, companies can develop more robust climate risk resilience.
Article 6 mins
Climate modeling has been around for decades but mainly used by academic and government scientists. Led by the risk industry, the private sector is adapting these models to broadly assess the physical impacts of climate change.
Article 9 mins
With the continued threat of rising temperatures, companies should focus on building climate and weather-related impacts into their overall workforce resilience plans.
Article 9 mins
Companies recognize that wellbeing is more important than ever. But the programs they offer don’t always match what their employees need.
Article 4 mins
SECURE 2.0 is changing retirement planning for businesses and employees. Strategic decisions will be critical in building sustainable retirement plans.
Article 5 mins
Sales teams have unique compensation programs that are critical for aligning selling behavior and outcomes to business goals. Here are five considerations to prepare plans for the year ahead.
Article 4 mins
As cyber attacks evolve, insurers are scrutinizing how organizations understand and address potential cyber security exposures. Achieving a baseline of security standards is crucial to securing coverage, demonstrating a strong resiliency program is key to achieving optimal terms and conditions.
Article 6 mins
Not only does ESG regulation have the potential to make or break an M&A deal, but failure to comply could also significantly damage a business.
Article 11 mins
Companies are increasingly turning to personalization to keep up with workforce changes and deliver value to their employees.
Article 11 mins
In a move designed to close the gender pay gap, the European Commission is increasing pay transparency across member states. Prepare your firm now for potential implications and opportunities.
Article 5 mins
Climate change or exposure growth? By understanding the drivers of increased severe convective storm loss volatility, reinsurers can better prepare for January 1 renewals.
Article 7 mins
Innovation in data, analytics and risk transfer solutions enables Aon to help clients accelerate their investments in decarbonization and climate resiliency and support the transition to a lower-carbon economy.
Article 7 mins
Alternative proteins and farming methods may be the future of food, but stakeholders must be aware of the risks that come with these opportunities.
Article 9 mins
In a volatile climate, institutional investors are turning to outsourced chief investment officers to conquer administrative, regulatory and market challenges.
Article 6 mins
With the property market remaining volatile, risk buyers need a solid strategy to stabilize their risk portfolio.
Article 6 mins
An OCIO can help asset owners make decisions with confidence and help deliver an optimal investment strategy.
Article 6 mins
Many risk buyers remain challenged to find adequate coverage to address a growing protection gap, especially for their cat-prone exposures and other risks. Parametric is an alternative solution that has grown in utilization to insure against a variety of perils in any market conditions.
Article 9 mins
Cyber security is a growing business concern, but many companies still need to improve their cyber resilience in key areas. Aon’s 2023 Cyber Resilience Report explores how global industries are protecting themselves against cyber threats.
Article 9 mins
A strong people strategy and robust change management and communication approach will drive better cultural alignment during M&A deals — ultimately increasing the chance for success.
Article 7 mins
In a rapidly changing IP landscape, companies should consider assessing their risk exposures and management strategies to help protect some of their most valuable assets.
Article 8 mins
As cyber attacks increase and become more costly, cyber security coordination across business units has become more important than ever. By bringing the chief information security officer (CISO) and chief risk officer (CRO) together, companies can take a proactive approach to minimizing cyber risks.
Article 8 mins
As healthcare becomes more expensive, companies are searching for ways to keep costs down for their employees. Focusing on a few core areas can help.
Article 7 mins
Business leaders are facing a growing number of complex and interconnected risks, resulting in decision fatigue for many executives. Aon CEO Greg Case explains how leaders can take a proactive approach to difficult choices while investing in talent development and wellbeing.
Article 9 mins
Artificial intelligence is driving rapid change globally. In technology, media and telecoms, AI can be a human capital opportunity, not just a risk.
Article 7 mins
Delivering compelling total rewards that meet the needs of a diverse workforce requires a strong connection to your EVP and innovative technology.
Article 7 mins
Work-from-home and hybrid-work models can significantly influence the commercial real estate market, which in turn has a major influence on the financial health of a city.
Article 7 mins
Employees often face cyber attacks while they’re on travel for business, putting sensitive company data, trade secrets and intellectual property at risk.
Article 8 mins
Risk managers are rethinking their risk resilience by turning to parametric insurance, an “if-then” model designed to complement and supplement a traditional indemnity program and better match capital to the broad nature of risk caused by natural disasters.
Article 9 mins
Exploring the human capital challenges in the Middle East arising from the current interest rate environment.
Article 8 mins
Employer-provided retirement programs have become more complex to administer. Collective plans can help to ease the burden.
Article 7 mins
To maintain a competitive edge in today’s complex global economy, people leaders must expand their data strategies and get organized to keep up-to-date and make better risk decisions.
Article 6 mins
The return of El Niño is creating challenges for the global supply chain, including risks for transportation and logistics. As disruptive weather and climate events persist, vulnerable industries will need to rethink their supply chain strategies to maintain resilience.
Article 7 mins
An alarming number of insured Americans still can’t afford healthcare treatment, but there are approaches employers can take to reduce costs and improve outcomes for employees and their families.
Article 5 mins
Record high Atlantic water temperatures are leading forecasters to predict an above-average hurricane season. Learn how to build business resilience to protect hurricane-prone properties.
Article 8 mins
AI is creating new possibilities in life sciences, especially in R&D, training and marketing. But, as the industry adapts to AI, it also faces risks and challenges.
Article 14 mins
Unexpected global changes have shaken supply chains, exposing the fragility of a complex system. While some businesses search for stability, others are harnessing the power of improved data, analytics and AI to strengthen their resilience and opportunities for growth.
Article 8 mins
Lowering greenhouse gas emissions is a growing priority, but successful industrial decarbonization requires a clear view of regulations and risk.
Article 5 mins
In a tight labor market, people leaders are relying more on talent assessments for pre- and post-hire candidates. The resulting data and insights lead to more informed hiring and retention decisions.
Article 8 mins
As patent litigation continues to evolve worldwide, analyzing past trends can help support informed risk management decisions for the future.
Article 6 mins
New standards from the IFRS Foundation’s International Sustainability Standards Board (ISSB) add expectations for companies to disclose more stringent climate risk and oversight information, as well as greenhouse gas emissions data.
Article 6 mins
Artificial intelligence could help banks make better use of customer data and workforce capabilities, in addition to reducing financial fraud. However, financial institutions must be mindful of the risks of AI as well.
Article 6 mins
As the risk landscape expands, every TMC business should consider developing a robust framework for operational resilience. A three-phase strategy provides a rational approach to building a framework to help understand and manage key risk concerns and minimize business disruptions.
Article 6 mins
Working together across an organization to build a contingency plan for dangerous climate events is crucial to ensuring everyone is protected.
Article 7 mins
Companies can enhance their DE&I efforts — and gain better returns — by creating a culture that enables their employees to feel a sense of belonging at work.
Article 5 mins
In a constantly evolving business landscape, talent assessments can help organizations understand current and future skills gaps in their workforces.
Article 9 mins
To maintain a competitive edge in today’s fast-paced and volatile world, HR leaders must harness the power of their people data.
Article 6 mins
Without the proper insurance, litigation and contingent risks can lock up capital and prevent a deal from closing.
Article 7 mins
Wellbeing strategy, once seen as a luxury, is now a vital part of a company’s overall strategy. Integrating wellbeing into other areas of a company is the next step forward.
Article 14 mins
Protecting and sustaining businesses in food, agribusiness and beverage, financial institutions, life sciences and renewables require a resilient workforce. Organizations must consider the skills, capabilities, agility and wellbeing of their people to achieve a productive and healthy workforce.
Article 7 mins
Organizations are making strides toward achieving net zero greenhouse gas emissions by 2030, but securing the capital to do so is a challenge.
Article 7 mins
Above-average starting salaries for new employees are leading to 'pay compression.' And it could pose a threat to pay equity.
Article 11 mins
A buyer-friendly Cyber and E&O market is quickly emerging. Learn more about the changing global market and how to capitalize on it.
Article 9 mins
Uncovering the impact of the UK Gender Pay Gap reporting regulations
Article 5 mins
A ROSI framework allows businesses to link risk, security and insurance to help manage cyber exposure and increase cyber resilience.
Article 6 mins
In today’s increasingly volatile global economy, business leaders are focusing on two key areas of decision-making: Risk Capital and Human Capital.
Article 10 mins
Pressure to reduce costs in response to a challenging economic environment highlights the pivotal role data and analytics can play in optimizing business investment in talent and future growth.
Article 7 mins
The current economic climate has created headwinds for mergers and acquisitions, causing shifts in financing. Using trade credit insurance can help unlock value and reduce volatility.
Article 9 mins
M&A deals are among the most challenging events a business can navigate. Effective organization design and talent planning are critical to ensure a smooth transition.
Article 7 mins
The LPGA shares how data technology has helped to pinpoint the personality traits of top players, leading to success on and off the golf course.
Article 6 mins
With increasing global uncertainty, businesses should focus on emerging threats and decide how to best address them.
Article 12 mins
Resilience and growth are dependent on business leaders taking action to respond to ESG risk and opportunities.
Article 6 mins
Return on investment is one of the biggest considerations in implementing employee benefits. This is more pertinent as global economic volatility forces companies to balance costs with expectations.
Article 7 mins
Where, when and how work gets done is changing, causing companies to reassess existing roles and determine what skills are required for the future.
Article 7 mins
Aon’s 2022–2023 Global Wellbeing Survey explores what employers around the world are doing to support the needs of today’s workforce.
Article 5 mins
Benefit captives support health plan design flexibility and a standard of coverage for all employees.
Article 7 mins
Directors face potential equity transaction liabilities throughout a company’s growth. Learn about mitigating these costly risks.
Article 4 mins
Make your assessment process successful: Meet inclusion and diversity goals. Be mindful of the participant experience. Cater to individual needs.
Article 7 mins
How can corporate buyers achieve optimal placement outcomes given the current reinsurance market dynamics?
Article 6 mins
During a complex M&A deal, centralized project management helps keep human resources workstreams connected to ensure successful post-deal outcomes.
Article 6 mins
New regulations in the U.S. aim to peel back the curtain on how healthcare prices are set. This will drive employers to use data to make better decisions about the best coverage for their people.
Article 12 mins
The rising cost of energy is driving leaders in the heavy industries to rethink their approach to risk.
Article 6 mins
Increased use of secondary transactions in the private equity market has created an opportunity for Representation and Warranties insurance.
Article 6 mins
As the role of managers changes, organizations are finding new ways of effective manager training.
Article 7 mins
Business leaders should take a close look at their reward programs during a merger or takeover to help retain talent and ensure a cohesive pay strategy.
Article 5 mins
How can leaders build a strong and adaptable supply chain for business survival and growth during uncertain times?
Article 7 mins
To make the most out of their ESG data, companies can draw on different approaches to benchmarking and increase their attention to governance.
Article 6 mins
As healthcare organizations digitalize their business and face global workforce shortages, our analysis finds they are rapidly recruiting new talent with specific data skillsets.
Article 7 mins
How can executives and deal teams execute deals with cyber due diligence and create a competitive advantage?
Article 9 mins
Now more than ever, the reinsurance industry needs insight. But it is still slow to implement advanced data and analytics.
Article 7 mins
How can firms stay on top of cyber threats in an increasingly digitalized world?
Article 11 mins
HR can make an impact in a business by identifying the forces creating instability and linking HR processes.
Article 10 mins
Some of the worst cyber incidents come from the inside. Use these tips to recognize and mitigate insider threats.
Article 13 mins
The renewable energy industry is facing unique headwinds, but there are opportunities to accelerate the role of European onshore and offshore wind power.
Article 7 mins
For many companies, recognizing and addressing supply chain risk can seem like an impossible task. But a unified approach can chart a clearer course of action.
Article 4 mins
While market volatility has decreased the value of 401(k)s, pooled employer plans can produce savings.
Article 7 mins
Employers around the world are seeking ways to prioritize DE&I in their benefits programs and workplace resources, according to Aon’s 2022 Global Diversity, Equity and Inclusion Survey.
Article 6 mins
ESG ratings don’t always tell the whole story, which is why companies should develop a clear and compelling ESG story for D&O underwriters.
Article 7 mins
Life sciences companies are trying to find a balance between navigating economic pressures and a push to innovate for the future.
Article 8 mins
Multifactor authentication is a critical cyber defense, yet criminals are working to bypass it. Use these tips to build an effective MFA layer.
Article 9 mins
Recent events have helped unite security and technology professionals in the fight to thwart cyber criminals. Here's why HR leaders also play a major role.
Article 4 mins
Insurers can help advance a climate crisis solution. Here are three ways the industry can help accelerate the journey to net zero emissions.
Article 13 mins
Industry leaders in life sciences, financial institutions, technology, media and communications and food, agribusiness and beverage face a surge in cyber threats and data breaches.
Article 7 mins
The impact of climate change on businesses, insurers, and communities can provide insight on how to mitigate the risks associated with extreme weather events.
Article 11 mins
Following a tumultuous two weeks in the banking sector and subsequent volatility to global banking markets, depositors and affected third parties are having to rapidly assess, and respond to, a range of risk management, liquidity and human capital challenges.
Article 7 mins
The food, agriculture and beverage sector is examining sustainable solutions and environmentally friendly practices to ensure a resilient future.
Article 4 mins
Volatility in the global economy is putting pressure on organizations and employees at all levels.
Article 8 mins
IP litigation risk continues to evolve year-over-year, creating complex challenges for SMEs. You can help stay protected and prepared by focusing on these mitigation techniques.
Article 2 mins
In the wake of Hurricane Ian, Aon sent a team of experts to the affected area to understand the lessons learned from this storm.
Article 2 mins
HR leaders are at the center of activating ESG initiatives in the workplace. This has a critical impact on protecting a firm’s greatest asset — its people.
Article 7 mins
Businesses are recognizing the need to adapt to the impact of climate change on supply chains.
Article 5 mins
Facing natural disasters, advanced weather and catastrophe modeling can help companies prepare — often resulting in quicker claims processing and response.
Article 5 mins
Climate change has a negative impact on employee health and wellbeing. More employers are addressing these challenges.
Article 7 mins
Today’s global tax environment grows ever more complex. Tax insurance is a potential solution to help provide certainty and protect value in M&A transactions.
Article 5 mins
Academic research collaboration with the insurance industry enhances understanding and creates actionable climate change insights.
Article 6 mins
ESG strategies are becoming a key part of the corporate landscape as executives and investors use new metrics to assess a company's long-term success.
Article 6 mins
Ransomware attacks have become more frequent and costlier, presenting new challenges to business continuity and security.
Article 6 mins
Experts discuss the challenges and opportunities faced by organizations in their journey to net-zero in the Aon Insights Series 2022 in London.
Article 7 mins
In the constantly evolving M&A market, companies must be prepared to navigate a range of risks that can impact the success of their deals.
Article 6 mins
The goal of achieving ‘net zero’ emissions is gaining momentum as a solution to climate change.
Article 8 mins
Governments around the world are seeking to address critical needs and stimulate their economies following the COVID-19 pandemic.
Article 7 mins
The life sciences industry is facing a dynamic and volatile landscape due to the COVID-19 pandemic and other global risks.
Article 11 mins
How can private companies best prepare the ground for a successful US IPO?
Article 7 mins
A report by Aon has advised businesses to prepare for a recession by evaluating their workforce, markets and investments.
Article 6 mins
A new phenomenon in which employees become disengaged — 'quiet quitting' — is drawing increasing interest.
Article 6 mins
Accompanying the considerable growth and potential, there is a long list of risks associated with the cryptocurrency and metaverse markets.
Article 4 mins
Inflation caused by economic uncertainty and supply chain disruptions has impacted businesses and consumers globally.
Article 7 mins
By investing in biodiversity alongside other climate strategies, companies can find new opportunities and manage risk.
Article 5 mins
NFTs are digital ownership records that are verified using blockchain technology and can be tied to works of art, collectibles and other intellectual property.
Article 8 mins
Reputation analytics are a powerful predictive tool in gauging near-term ESG risk exposures.
Article 6 mins
Data brokers are companies that collect and sell personally identifiable information to third parties. This industry has become a multibillion-dollar industry, but it also presents risks to individuals and businesses whose personal information may be used for nefarious purposes.
Article 6 mins
Because Russia and Ukraine are responsible for a significant share of the world's wheat, barley, corn and oil seed, the conflict will have significant consequences on global food supply and prices.
Article 7 mins
In this interview, Greg Case, the CEO of Aon, discusses the challenges that businesses are facing due to the pandemic, cyber risks, and the impacts of climate change.
Article 6 mins
Credit insurance allows businesses to protect income streams and build resilience. Read more about the different types of credit insurance models.
Article 6 mins
As the global economy becomes increasingly complex, the need for an organization to innovate is brought into sharper focus.
Article 8 mins
A successful DEI strategy is an organization-wide effort and involves effective communication to stakeholders inside and outside an organization.
Article 7 mins
A record number of workers are quitting jobs and changing companies — or thinking about it. How can employers retain talent in today’s competitive market?
Article 5 mins
The rise of non-fungible tokens has created new markets.
Article 8 mins
From working on the front lines and extra childcare needs to losing jobs, women are bearing the brunt of COVID-19’s impact on the workforce.
Article 3 mins
How technology can help solve the difficulties organizations face analyzing data
Article 7 mins
Employee wellbeing has a direct impact on company performance and customer satisfaction.
Article 6 mins
Allyship creates an inclusive workplace where everyone has opportunities for growth and development.
Article 6 mins
Businesses that rely on client relationships face challenges in succession planning as key employees retire or leave the firm.
Article 5 mins
The Suez Canal blockage highlighted the importance of businesses understanding their supply chains and finding weak links to reduce risks.
Article 7 mins
Artificial intelligence is changing the way businesses operate. As its use becomes more widespread, leaders need to understand how this technology works and what its future role may be.
Article 7 mins
Building a resilient workforce for businesses is more important than ever — particularly in the context of the COVID-19 pandemic.
Article 5 mins
Companies and solvent banks are looking for ways to protect their assets amid financial volatility. Failing banks and their clients will need to act fast to meet employee needs and maintain capital.
Article 6 mins
For many companies, today’s economic environment and recent banking activity present new ways to think about and manage their investments. Hedge funds can help in diversifying portfolios, if used strategically.
Article 8 mins
The aviation industry was one of the hardest hit by the COVID-19 pandemic. Now it is essential that airlines seize new opportunities.
Article 6 mins
The move toward greater pay transparency will have an impact on the salary considerations of employers and employees alike.
Article 6 mins
This article discusses the importance of good judgment in leaders when making crucial decisions for their organizations.
Article 4 mins
In Uganda and Rwanda, hundreds of small farmers are producing coffee and tea but can’t gain access to major international markets to sell their crops.
Article 5 mins
Aon and Red Cross have joined forces to help communities become more resilient to natural disasters, climate change and public health crises.
Article 8 mins
ESG practices are a crucial metric for investors. Studies suggest that companies with strong ESG programs are more resilient.
Article 6 mins
The value of intangible assets, such as IP, can make up a large portion of a company's market value.
Article 6 mins
A diverse workforce has become a factor that can give an organization the edge in today’s highly competitive business environment.
Article 9 mins
Middle-market businesses — companies with $10 million to $1 billion in annual revenue — play a vital role in driving global economic growth.