ESG360 - Cyberattack: The Growing Threat for ESG Investors
The rapid increase in networking and digitalization in our daily work patterns has increased the cyberattack surface available for criminals to exploit. With cyberattacks growing in both frequency and severity, we discuss the increasing threat for ESG investors.
- 83% of organizations report that they have experienced at least one ransomware attack over the past two years
- Very few investors are taking a systematic approach to pricing cyber risk yet it's one of the fast growing ESG risks
- The potential risk of cyberattacks to companies and asset classes may even be approaching the scale of climate change
In this episode, we discuss cybersecurity as an ESG factor or governance risk with Jason Mortimer, Head of Sustainable Investment for Fixed Income at Nomura Asset Management. We examine the growing threat of cyberattack, regulatory tightening, and why it should be on the minds of ESG investors. We also take note of how Nomura Asset Management's approach to cybersecurity risk helps investors avoid companies that may be overly exposed to cyberattacks, by integrating measures of cybersecurity performance into the credit analysis of companies to help clients make better investment decisions.
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Contributor
Viren Vaghela
Content Editor
Jason Mortimer
Head of Sustainable Investment – Fixed Income, Nomura Asset Management
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