I. Introduction to the Evolving ESG Landscape -
Environmental, social, and governance (ESG) considerations or standards – also known as sustainability – have been impacting all sectors of society, including corporate and professional entity policyholders and insurers, for a long time. Under the Biden Administration's "all of government" approach, ESG considerations played an oversized role – dominating corporate activity and impacting virtually all aspects of corporate strategy, positioning, and operations. The second Trump Administration has signaled that it will dial back significantly the excesses of ESG in favor of an environmentally responsible "drill baby drill" energy approach and replace the focus on Diversity, Equity, and Inclusion (DEI) with merits-based hiring.
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