Ardonagh publishes its inaugural sustainability report

Chair says sustainability is a priority

Ardonagh publishes its inaugural sustainability report

Business Resilience

By Terry Gangcuangco

The Ardonagh Group – which consists of Ardonagh Advisory, Ardonagh Retail, Ardonagh Specialty, and Ardonagh International – has published its first-ever sustainability report.

“Sustainability is a priority at Ardonagh, one which we regard as a driver of value, creating stronger, more resilient, and more profitable businesses,” wrote Ardonagh chair John Tiner in the 111-page report seen by Insurance Business. “We believe that sustainability is everyone’s responsibility, and our culture supports this in many ways.

“In 2022 we created a sustainability steering committee to formalise the company’s commitment to sustainability initiatives. However, our sustainability journey began many years earlier with the launch of the Ardonagh Community Trust.”

Last year, highlighted Tiner, Ardonagh also became a signatory to the UN Principles of Sustainable Insurance. He said the group is in the process of adopting the principles into Ardonagh’s governance framework to not only help shape its sustainability programme but also provide a means for recording progress.

“In this report,” Tiner said, “we are documenting our approach to sustainability and reporting on the progress made across the group platforms as we have begun the process of embedding key sustainability matters. We are also providing further disclosures including, for the first time, our response to the recommendations of the Task Force on Climate-related Financial Disclosures.”

The chair asserted that Ardonagh’s commitment to sustainability is steadfast and that its approach will evolve as the insurance group continues to make progress.

“Throughout this report, you’ll see some case study examples of how we’re engaging with clients on everything – from supporting the transition to a low-carbon economy to advocating for workforce diversity, equity, and inclusion, to finding solutions for managing pandemic risk,” noted Tiner, who also chairs the sustainability committee.

Meanwhile, chief executive David Ross said they “don’t take lightly the responsibility” to provoke thought and lead action in support of environmental and community initiatives.

“Ardonagh has grown effectively because our businesses are powered by people who want to leave their projects and teams and communities better than they found them,” declared the CEO. “This sustainable leadership is centred around building a legacy which will continue to benefit clients and employees for years to come.”

Ardonagh’s sustainability report can be accessed here.

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