ESG
Sustainability risks
The European Sustainability Reporting Standards (ESRS) came into force on 1 January 2024 and are not just a regulatory requirement for many organisations, but also an important business consideration, reflecting growing expectations from customers and employees.
For organisations, it is essential to quantify the financial impact of risks, particularly those arising from climate change and changes in societal behaviour.
ESG Advisory Services
At Nordisk Aktuarservice, we help organisations quantify and understand their ESG risks.
We transform HR and occupational health and safety data into clear metrics and models that can be used for management purposes and reporting. Our work is data-driven and fully documented, providing valuable support in discussions with auditors, banks, and major customers.
Many traditional quantitative risk management methods do not adequately account for ESG risks, even though these risks are inherently financial in nature.
As a result, many organisations can benefit from incorporating dedicated ESG risk models and data-driven approaches such as People Analytics as part of a more comprehensive and well-founded risk management framework.
A solid understanding of ESG risks is essential for effective Enterprise Risk Management (ERM) and enables organisations to prioritise resources and initiatives more effectively.
In addition, we help insurance companies incorporate climate-related risks into the ORSA (Own Risk and Solvency Assessment).
Why Nordisk Aktuarservice?
We specialise in quantifying financial risks through the application of statistical models and scenario-based analytical tools.
Data is the foundation of effective risk assessment. Establishing a robust framework for reliable and meaningful risk modelling requires expertise in collecting, managing, and maintaining data in a controlled and transparent manner.
We deliver transparent models, clearly documented assumptions, and results that can be readily understood by HR, finance, and management alike. Our solutions are tailored to each organisation and its needs, not the other way around.
We Offer
Quantitative S-Models
- Absence and Sick Leave (People Analytics): We analyse new episodes of absence, their duration, and the risk of long-term absence, while identifying patterns and trends over time. The results can be used directly for management reporting and decision-making. Workplace accident analysis can also be incorporated where relevant.
- Employee Turnover (People Analytics): Analysis of employee inflow and outflow, combined with projections that support workforce planning, retention strategies, and talent management.
- Health, Safety, and Accidents: Frequency and severity models, including the analysis of near misses, with a focus on pattern recognition and the prioritisation of preventive actions.
- S-metrics and Reporting Tools: A practical solution that structures and processes existing data, performs data quality checks for missing values and anomalies, and generates the quantitative S-metrics required for reporting.
- Risk and Impact Assessment: Models that combine probability and impact to translate s-risks into actionable decision support. For self-insured organisations and insurance companies, these analyses can be linked to claims reserve calculations where relevant.
Contact us for further information
If you have any questions, please call us at 35 35 54 62 or send an e-mail to: info@aktuarservice.com.