A systematic literature review: ESG criteria implementation in the Insurance industry

IF 1 Q4 MANAGEMENT

Intangible Capital Pub Date : 2024-03-06 DOI:10.3926/ic.2426

Albert Marti, Ramon Bastida-Vialcanet, Frederic Marimon

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引用次数: 0

Abstract

Purpose: Sustainability and ESG criteria are gaining more and more relevance, and the insurance industry is playing a relevant role in the sustainability transition. Therefore, this study aims to review existing academic literature on ESG criteria in the insurance industry. Specifically, it addresses the determinants in three objectives: First, analysing the focus on sustainability considering the three dimensions of the ESG framework: environment, social and governance; the second one, focusing on the relevant topics in the insurance industry involving the ESG criteria. And finally, identifying the main gaps and point out new research lines.Design/methodology: The research was conducted through a systematic literature review considering published articles of Web of Science and Scopus.Originality/value: Although the insurance industry has a very relevant weight into the economy and the society, and it plays a key role in promoting the transition to a low-carbon economy, we noticed that there are not many scientific articles on this subject.Findings: Findings contribute to the body of literature on sustainable finance, providing a new and complete overview about how ESG criteria implementation has been approached in the insurance industry: mapping research streams, analysing the ESG approach, and identifying research gaps in this domain.Practical implications: This article wants to provide a broader and a more structured knowledge about ESG criteria implementation, and to help managers and insurance companies to move forward with sustainability strategies, and to identify the future lines of research.Social Implications: Business sustainability aims to combine market logic with social welfare logic, but we have found little activity on how insurance companies develop the social dimension within the ESG perspective, as a way to influence the community by promoting equal practices, access to education, etc.

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系统文献综述：保险业 ESG 标准的实施

目的：可持续发展和环境、社会和公司治理标准正变得越来越重要，而保险业在可持续发展转型中正发挥着重要作用。因此，本研究旨在回顾有关保险业 ESG 标准的现有学术文献。具体来说，本研究从三个方面探讨了决定因素：首先，考虑到 ESG 框架的三个维度：环境、社会和治理，分析对可持续发展的关注；其次，关注保险业中涉及 ESG 标准的相关主题。最后，确定主要差距并指出新的研究方向：设计/方法：本研究通过系统的文献综述进行，考虑了 Web of Science 和 Scopus 上已发表的文章：尽管保险业在经济和社会中占有非常重要的地位，并且在促进向低碳经济转型方面发挥着关键作用，但我们注意到，有关这一主题的科学文章并不多：研究结果为有关可持续金融的文献做出了贡献，提供了有关保险业如何实施 ESG 标准的新的完整概述：绘制研究流、分析 ESG 方法并确定该领域的研究空白：本文旨在提供有关 ESG 标准实施的更广泛、更有条理的知识，帮助管理者和保险公司推进可持续发展战略，并确定未来的研究方向：商业可持续性旨在将市场逻辑与社会福利逻辑相结合，但我们几乎没有发现保险公司如何在 ESG 的视角下发展社会维度的活动，以此通过促进平等实践、教育机会等方式来影响社区。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Intangible Capital MANAGEMENT-

CiteScore

1.50

自引率

16.70%

发文量

审稿时长

33 weeks

期刊介绍： The aim of Intangible Capital is to publish theoretical and empirical articles that contribute to contrast, extend and build theories that contribute to advance our understanding of phenomena related with management, and the management of intangibles, in organizations, from the perspectives of strategic management, human resource management, psychology, education, IT, supply chain management and accounting. The scientific research in management is grounded on theories developed from perspectives taken from a diversity of social sciences. Intangible Capital is open to publish articles that, from sociology, psychology, economics and industrial organization contribute to the scientific development of management and organizational science. Intangible Capital publishes scholar articles that contribute to contrast existing theories, or to build new theoretical approaches. The contributions can adopt confirmatory (quantitative) or explanatory (mainly qualitative) methodological approaches. Theoretical essays that enhance the building or extension of theoretical approaches are also welcome. Intangible Capital selects the articles to be published with a double bind, peer review system, following the practices of good scholarly journals. Intangible Capital publishes three regular issues per year following an open access policy. On-line publication allows to reduce publishing costs, and to make more agile the process of reviewing and edition. Intangible Capital defends that open access publishing fosters the advance of scientific knowledge, making it available to everyone. Intangible Capital publishes articles in English, Spanish and Catalan.