To address these challenges as a leading U.S. insurer, The Hartford is embedding ESG principles throughout its business. We’re also joining others in the business community to work together towards accomplishing ambitious ESG goals. We’re taking action to address critical issues that are not only impacting our business, but the insurance industry at large, here’s how we’re doing it:
As part of our efforts to address rising greenhouse gas emissions (GHGe), we pledged to stop insuring or investing in companies that generate more than 25% of their revenues from thermal coal mining or more than 25% of their energy production from coal.
To help customers avoid investing in products that harm the environment, we offer premium discounts to encourage the purchase of electric vehicles and the use of energy-efficient equipment and building materials.
To set standards for the insurance industry and address inequality in our communities, it is important to hold ourselves accountable. We do so by utilizing a Diversity Talent Mobility scorecard. This measures employee progress and puts in place a robust business continuity strategy, along with a Sustainability Governance Committee to oversee sustainability strategy and brief the Board of Directors at least annually.
To ensure a productive and resilient workforce, we are spearheading several initiatives to end workplace stigma around the topic of mental health and addiction. We’re helping this effort by removing stigmatizing language from our materials and partnering with external organizations such as Shatterproof and the National Alliance on Mental Illness.
There are many benefits we see by embedding ESG into our stakeholder engagement and business strategy. We can provide end-to-end coverage for products and investment opportunities that retain value for the foreseeable future, connect distribution partners with customers on issues that are increasingly becoming relevant to their operations, and elevate the insurance sector as a whole by setting standards and providing coverage that evolves with the times.