Rating “social” within the EU law the ESG factors: relevance for the insurance industry and the risk of “social washing”

• Pierpaolo Marano ^[1] ; María del Val Bolívar Oñoro ^[2]
  1. [1] University of Malta

     University of Malta

     Malta

     
  2. [2] UniversityofAlcala
• Localización: Sustainability and the Insurance Market: Trends and Challenges / coord. por Juan Bataller Grau, Marcin Kawiński, Pierpaolo Marano, 2025, ISBN 978-3-031-72185-4, págs. 139-170
• Idioma: español
• Enlaces
  • Texto Completo Libro
• Resumen

  • The following paper presents an empirical analysis of the information provided by ESG rating agencies concerning the term “social”. The study compares the results against various EU regulations, including the Proposal for a Regulation on the transparency of ESG rating activities, EU Regulation (EU) 2020/852, Directive (EU) 2022/2464, and the Social Taxonomy as outlined in the final report of the Platform on Sustainable Finance. The research highlights that different actors are working with other concepts of the term “social”, which poses a challenge for the EU legislation. To achieve sustainable development, lawmakers need to address this issue. The study also emphasizes the crucial role played by insurance companies and suggests that lawmakers should consider this fact when adopting further legislation (Alicia Mateos-Roco).