Bermudian reinsurer RenaissanceRe Holdings (RenRe) is rolling out a three-pronged approach as part of its Environmental, Social and Governance (ESG) strategy.
The approach will see the carrier focus on three core areas: promoting climate resilience; closing the protection gap; and inducing positive societal change.
In terms of climate change, RenRe is supporting three innovative projects that reduce global emissions:
With regard to inducing positive societal change, the company has signed up to a number of initiatives, including the Inclusive Insurance Pledge, “to demonstrate our commitment to a culture where inclusive behaviours are the norm and where everyone is accepting of diversity”.
More information can be found on RenaissanceRe’s new ESG website (https://www.renre.com/about-us/esg-at-renaissancere/) which provides insight into the sustainability activities for RenaissanceRe.
President & CEO, Kevin O’Donnell, (pic) said: “At RenaissanceRe, we are committed to helping solve the world’s most complex challenges and being a positive force for change. This new website provides our stakeholders with a deeper understanding of our ESG activities and demonstrates our commitment to acting with integrity and upholding the highest standards of service and responsibility. It is through these values that we build employee engagement and maintain the trust of our clients, brokers and investors.”
Group CRO and head of corporate strategy, Ian Branagan, added: “Our commitment to good corporate citizenship has always been a central part of our culture and strategy at RenaissanceRe and is firmly embedded in our values.
“Our new website outlines how we will focus our core business strengths to make a meaningful impact on society. The RenaissanceRe team has long sought to create value and innovation for our partners and we hope to find new ways to apply our energy and expertise to make an impact in our communities and for our fellow citizens.”