Our ESG mission and initiatives focus on improving society and helping to manage climate risks in a continually evolving landscape.
PartnerRe is committed to fulfilling our ambition of being a responsible corporate citizen while balancing profitability with effective risk management and a prudent investment policy, which ultimately benefits all of our stakeholders, including our shareholders, clients, capital providers, employees and our local communities.
ESG is a journey, and PartnerRe is committed to continuous improvement and revisiting our policy and reporting annually to ensure we are well positioned to measure, monitor, manage and report on ESG considerations embedded in our business. We are proud to share the progress that we have made as a company through our actions relative to our ESG goals in our 2022 ESG Report.
PartnerRe provides this index to direct readers to the most relevant information relative to recommended TCFD/SASB disclosure that is currently publicly available.
PartnerRe, through our parent company, Covéa Coopérations S.A.’s signatory status, is a signatory of the UN Principles for Responsible Investment (PRI) in partnership with the UNEP Finance Initiative and the UN Global Compact. Signatory category: Asset Owner
PartnerRe is a long-term investor and believes the stewardship of our capital requires the consideration of ESG factors along with other risk and return analyses. Such scrutiny fosters stability for our balance sheet, benefiting all our stakeholders, and supports our goal of managing the impacts of climate change across our assets to build global resilience.
PartnerRe has donated $30,000 to Médecins Sans Frontières (MSF) to provide social and disaster relief following the powerful earthquakes in South Turkey and northwest Syria. We take our responsibility to give back to our local communities seriously and align our corporate giving with employee participation, as well as providing dollar matching for employees’ own charitable giving.
PartnerRe’s ESG partners help us in our efforts to reduce our carbon footprint. Native Energy to offset carbon emissions related to our business operations, while the Swiss Climate Foundation helps us to support small and medium enterprises on the forefront of energy efficiency and climate protection. We have also partnered with the Climate Neutral Group to offset business travel.
We know that companies with an inclusive culture and a higher degree of diversity across all levels are better at making business decisions. They are also better for employees because they create the right environment for everyone to succeed, learn and grow.
For a company like ours, that means consciously hiring and advancing people from underrepresented groups to ensure that we have all kinds of backgrounds and identities at every level of the organization. To succeed, we need to have a culture of inclusion where every employee feels welcomed and respected to perform at their best.
We know that our success depends on this, and we are making good progress on our journey, but we also know we need continued focus and investment on this important initiative and there is more to be done.
Our Executive Leadership is determined to build on our growing momentum in increasing diversity and inclusion at PartnerRe through the following:
Increase the proportion of under-represented groups in the succession pipeline for key positions (whilst complying with data privacy regulations).
PartnerRe’s recruitment process has been designed to support diversity and inclusion and the process should be followed for all hires. One or more of the following criteria must be followed:
The Statement documents PartnerRe’s commitment to the highest level of ethical conduct in all its business activities and confirms that the Board and Management of PRESE and PRIIdac do not knowingly support or do business with any suppliers who are involved in Modern Slavery or Human Trafficking.
In France, PartnerRe annually calculates its score on the Gender Equality Index which has been implemented by the French government to reduce the pay gap between men and women. This index score is based on the following indicators:
For 2022, the score of PartnerRe’s French branch is 84/100.