S&P Global Ratings today (26th August 2022) revised its ESG Evaluation on Ireland-based IPB Insurance CLG to 75 from 73, following our upward revision of Ireland’s regional governance risk score. Higher numbers indicate stronger sustainability in our evaluations.
S&P Global Ratings said ‘The improvement in IPB’s ESG Evaluation reflects revision of Ireland’s regional governance risk score to ‘1’ from ‘2’, following our updated review of governance standards globally. We now assess Ireland’s governance standards, practices, and ESG-focused regulation to be in line with its strongest international peers, which enables IPB (headquartered in Ireland) to benefit from higher market wide standards. The list of countries we assess as having a regional governance score of ‘1’ includes Canada, France, the U.K., and Switzerland, among others.
All other ESG profile factors and evaluation of preparedness for IPB remain unchanged.
IPB Insurance CLG is a mutual property and casualty insurance company headquartered and operating exclusively in Ireland. It provides insurance products primarily to its 51 corporate members, including local authorities, education training boards, regional assemblies, and the health service executive.