Our People
Our Business
Corporate Responsibility
Investors
Our People
Our Business
Corporate Responsibility
Investors
Fidelis Insurance Group is committed to being a leader in the industry with respect to standards for environmental, social and governance (“ESG”) matters. We are currently committed to transitioning our insurance portfolios to net-zero greenhouse gas emissions by 2050. To work towards this, to the extent possible, we are developing tools to measure the insurance-associated emissions of our insurance portfolios.
Fidelis Insurance Group aims to embed ESG factors in its underwriting processes where appropriate. In addition, Fidelis Insurance Group has certain existing underwriting restrictions. These underwriting restrictions include not directly insuring thermal coal (including dedicated infrastructure projects such as ports and railways), tar sand extraction, Arctic oil and gas exploration and drilling and fracking operations. Fidelis will also not provide cover to companies whose revenues from the above-mentioned activities account for more than 20% of their total revenues. Fidelis has been for some time seeking to use policy language to minimize exposure to forced labor and modern slavery in particular in our marine cargo line of business
Fidelis Insurance Group 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.
We have taken action in each year since 2018 to more than offset our operational carbon emissions and we are committed to continuing to do so going forward. In 2018, 2019, 2020, 2021 and 2022, we offset our carbon emissions at 125%, 150%, 200%, 150% and 110%, respectively, on a tons-of-carbon-equivalent basis through the use of carbon credits. We partner with relevant industry specialists to calculate our carbon emissions.
We were awarded carbon credits through investments in Earth’s forests, including forest protection in investments in the April Salumei area of Papua New Guinea in 2018 and 2019 and reforestation projects in Nicaragua and Tanzania in conjunction with CommuniTree and Hazda Hunter Gatherers, respectively, in 2020, 2021 and 2022.
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.
