At Assurant, we are committed to operating sustainably to deliver long-term value to our customers, employees, communities, and investors. We believe integrating environmental, social, and governance (ESG) considerations into our business approach supports our long-term success and our ability to create a positive impact for our stakeholders.
In 2023, we partnered with a leading global sustainability consultancy firm to complete a refreshed impact-based ESG prioritization assessment. Aligned with the concept of double materiality, which considers financially material topics that influence enterprise value as well as other topics that impact the economy, environment, and people, this assessment was used to identify, assess, and prioritize the ESG topics that most impact Assurant’s value, society, and the environment. The results, which were approved by senior management, reaffirm that our ESG reporting areas are in line with evolving reporting standards and requirements, with high-priority topics including:
- Diversity, Equity & Inclusion: Diversity at all levels, including board level and within the supply chain, and a commitment to an equitable and inclusive workforce.
- Climate: The physical risks and impacts of climate change and those associated with the transition to a lower-carbon economy.
- Resource Use & Circular Economy, including Supply Chain: The impacts of Assurant’s operations, including recovering (e.g., mobile trade-in) materials at the end of each service life, to realize the full business and environmental value of material inputs.
Assurant will review the results of our 2023 impact-based ESG prioritization assessment annually and aims to refresh this process every 2 – 3 years to ensure this assessment remains relevant to our global operations.
The ESG topics in the table below are the priority topics identified from our 2023 Impact-based ESG Prioritization Assessment.
