Fidelis Insurance Group commitments

We are committed to being responsible and doing the right thing for our colleagues, customers, investors and the Earth.

Fidelis IG strongly believe in a commitment to corporate social responsibility, and will work rigorously and energetically with Fidelis MGU on ensuring their own pledges and goals are reached, if not exceeded. 

Areas of focus

We believe giving back to the communities we operate in is vital and Bermuda has been the heart of our business for more than a decade. We support a number of initiatives headquartered on the island such as Big Brothers Big Sisters, the National Museum and Keep Bermuda Beautiful.

We are also a member of various environmental groups including ClimateWise, the United Nations Net-Zero Insurance Alliance and the Poseidon Principles for Marine Insurance.

We seek to add value not only to our customers and investors but also to consider a broader range of stakeholders, including society as a whole. We actively seek to avoid trading with industries that cause harm to people, the environment and animals. We have tangible sustainability commitments across our business. Through these, we contribute to the achievement of a number of the UN Sustainable Development Goals (SDGs).”

Investments

  • Closely monitor the carbon footprint of our portfolio and take decisive steps to secure a reduction, from 2023 onwards
  • Rigorously apply ESG criteria, including exclusions (e.g., for thermal coal and arctic oil & gas exploration), to our entire portfolio
  • Secure a minimum allocation to sustainable investments (currently a minimum of 3% to green/sustainable bonds) 

Operations

  • Monitor our carbon footprint and activate steps to reduce emissions from 2023 onwards
  • Maintain our offsetting of more than 100% of our operational emissions to be climate positive

Diversity & Inclusion

  • Demonstrable equal opportunities across all stages of hiring process with a commitment to monitor this
  • Measure pay gaps and seek to minimize these where it is possible
  • Insofar as possible, ensure the composition of our workforce reflects the make-up of the local community (by gender, age, disability, sexual orientation and ethnicity) 

Disclosure
 

  • Provide at least annual updates on key metrics and performance, with disclosure according to a recognised industry standard (ClimateWise) from 2023
     

All of the above are contributions to SDGs

Engagement in industry initiatives

Fidelis IG works in partnership with Fidelis MGU on ensuring their pledge to observe their commitments and to engage with others in order to drive more sustainable behaviour across our industry. We actively press for change on specific global issues, for example anti-slavery or environmental and climate action as well as being members of broader coalitions with our peers.

Managing our carbon footprint

We calculate our carbon footprint by capturing data from our corporate operations  in order to enable carbon offsetting company wide.  In 2018, we offset 125% of our carbon emissions and we increased to 150% in 2019.

In 2020, due to the pandemic, our footprint was much smaller than in previous years. Whilst a smaller carbon footprint is good for the planet, we still wanted to support global sustainable projects, so we chose to offset 200% for 2020 to continue to make a difference to our chosen projects, Communitree and Hazda Hunter Gatherers. For 2021 we offset 150% of our carbon emissions.

  • Communitree is Nicaragua’s biggest reforestation programme, providing long term income to local communities and drawing 1.5m tonnes of CO2 back into the earth thanks to the 10 million+ new trees planted by this project.
  • Hazda Hunter Gatherers, works to protect existing forests with ‘the last of the first’, an African hunter gatherer tribe who have lived in the Yaeda Valley for 50,000 years. This project is the winner of the 2019 UN Equator Award for nature based sustainable development and it works to strengthen the indigenous land use rights of the community.

Last year, business travel and electricity were our main emission sources at approximately 60% and 27% of our measured carbon emissions respectively.

Engaged Employees- Fidelis Insurance Group Green Team

The Fidelis IG Green Team is made up of colleagues from all our offices. We monitor our energy usage, waste production and total carbon footprint to ensure we stay vigilant in reducing our negative impact on the environment.  All our employees are responsible for working with the Green Team to help us achieve our aims, targets and objectives.  

Employee Awareness and Training

Fidelis Insurance Group is committed to encouraging employees to recycle as much as possible, and live sustainably both at home and at work. We aim to provide regular training and Q&A sessions to help employees with their efforts.  Regular communications are circulated to all staff keeping them informed about news, updates on our projects and useful green initiatives. Employees are encouraged to share their ideas and experiences in order to help the Green Team. 

We take advantage of local recycling and waste management schemes to avoid unnecessary landfill wherever possible.  We use recycled, sustainable sources for paper and have distributed reusable everyday items to all staff. We also regularly test new sustainable products for potential adoption.

Below is Our vision for the future which acts as our guide for all Green Team discussions:

  • Reduce single use plastics in our offices
  • Recycle over 90% of our waste
  • Engage more in our local communities to help local projects e.g., via additional support through employee volunteering.
  • Establish regular and transparent reporting on our initiatives

For any queries please contact [email protected] 

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