Processes support decisions on integrating sustainability into underwriting. The guidance, differentiated by materiality: the underwriting of sustainability and transition risk is considered, with clarity on how far it applies to the syndicate, set out in a board-approved strategy and the ORSA; engagement matches the level of strategic intent; appetite for sustainability and transition risk is articulated and acted on, with underwriters equipped with skills, systems and processes; the existing portfolio is analysed against the appetite with a plan for change; senior discussion covers sustainability and transition risk including broader economic and geopolitical effects; risks from supporting clients who cannot or will not transition are understood with a strategy to handle them; new-business opportunities are analysed; data is fit for underwriting use; analysis improves continuously; and greenwashing, perceived or real, is prevented through embedded controls.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.