Environment & Sustainability Statement

Fidelis Insurance and our planet

Fidelis is a market leading provider in risk management solutions and we are committed to reducing our negative impact on the planet as an integral part of our business strategy and operating methods.

This includes (but is not limited to) our carbon footprint, energy usage, recycling and waste management. We are committed to staying abreast of environmental news and will implement new measures that are proven to make a positive impact.

In our underwriting we try to take account of environmental, social and governance issues as well as normal underwriting metrics;

• We are committed to driving forward anti-coal initiatives, we look to shape change by not offering insurance to companies that extract coal or generate energy using coal.
• We recognise the connection we share as living beings and are committed to the importance of the human animal bond.
• We are committed to continuous improvement of the welfare of animals.
• We consider animal welfare as a top priority and decline intensive farming, abattoirs and animal testing.
• In political risk underwriting we require and review social, economic and environmental impact studies for infrastructure projects

Fidelis Insurance Green Team

The Fidelis Green Team is made up of colleagues from all of our international offices. We collaborate and brainstorm ways to promote and implement actions along new ideas.  We continuously monitor our energy usage, waste production and carbon footprint to ensure Fidelis stays vigilant in reducing its negative impact on the environment.  All of our employees are responsible for working with the Green Team to help us achieve our aims, targets and objectives.  This includes liaising with suppliers and third parties to establish eco-friendly practices.

Employee Awareness and Training

Fidelis is committed to encouraging employees to recycle everything they can both at home and at work. We 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. At all times employees are encouraged to share their ideas and experiences in order to help the Green Team.  Fidelis encourages all employees to attend various presentations from external parties which may help them better understand how they can become more eco friendly in their daily lives.

Managing our impact

We calculate our carbon footprint by capturing data from all areas of our business in order to fully enable carbon off setting company-wide.  In 2018 we offset 125% of our carbon emissions and we increased to 150% in 2019. For 2020, Fidelis increased the offset to 200% of our carbon footprint. Due to the pandemic, our footprint was much smaller that previous years. The main emission sources were business travel at approximately 60% of our carbon emissions, followed by electricity at approximately 27%. Whilst a smaller CO2 footprint is good for the planet, we still want to support global sustainable projects so we chose to offset 200% for this year to continue to make a difference to our chosen projects. Our chosen two projects for our 2020 offset are Communitree and Hazda Hunter Gatherers.

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.

Both of these projects are accredited and independently verified by Plan Vivo standards.  

We take advantage of local recycling and waste management schemes to avoid unnecessary landfill wherever possible.  We use recycled, sustainable sources for all paper and have distributed reusable coffee cups and tote bags 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:

• Allow our Green initiatives to evolve and grow
• Eliminate single use plastics in our offices
• Recycle over 90% of our waste
• Investigate new and exciting Green initiatives that push us to the forefront of environmental protection
• Engage more in our local communities to help local projects.
• Establish regular and transparent reporting on our initiatives
• Move to eco-friendly cleaning products in all offices
  

For any queries please contact greenteam@fidelisinsurance.com