Reinsurance Group of America Publishes Inaugural ESG Report to Share Key ESG Accomplishments and Goals
August 24 2022 - 9:00AM
Business Wire
Reinsurance Group of America, Incorporated (NYSE: RGA), a
leading global life and health reinsurer, today announced the
launch of its inaugural environmental, social, and governance (ESG)
report. The report from RGA reflects the company’s long-standing
and growing commitment to sustainability, ethical governance,
community support, and diversity, equity, and inclusion (DEI).
“As a life and health reinsurance company, RGA is in a long-term
business with a long-term view, and sustainability is fundamental
to our success,” said Anna Manning, President and Chief Executive
Officer, RGA. “Building on our nearly 50-year legacy of responsible
business practices, ESG policies and procedures have been
incorporated into our enterprise strategy, guiding how we operate
and conduct business.”
The effective management of ESG-related risks and opportunities
creates value for RGA’s clients, employees, stakeholders, and the
communities in which RGA operates. Incorporated in the report are
key sustainability goals, as well as the company’s plans to track
and measure progress towards those goals. Key highlights
include:
- Purpose-Driven Innovation: In partnership with clients around
the world, RGA focused efforts on its purpose – to make financial
protection accessible to all – by developing new products and
solutions that improve affordability and customer value.
- Responsible Business Practices: RGA continued its long
commitment to sound corporate governance and embedded ESG factors
into the company’s compensation structure and Enterprise Risk
Management program.
- Sustainable Operations: In 2021, RGA pledged to make Scope 1
and Scope 2 emissions net zero by the end of 2026.
- Sustainable Investments: RGA established carbon intensity
reduction targets for its public corporate bond portfolio and
committed to increasing its investments in green and social
bonds.
- Fostering a Culture of Diversity, Equity, and Inclusion: RGA
continued its commitment to pay equity and set aspirations for
diverse representation in hiring, recruitment, and promotion.
- Social and Community Investment: RGA has expanded its support
for education, financial security, health, and longevity through
the RGA Foundation and The Longer Life Foundation and also
encourages and supports employee philanthropy and volunteerism
through matching gift and volunteer time off programs.
“RGA recognizes that doing the right thing today ensures a
better tomorrow for everyone,” said Matt Blakely, Vice President,
Corporate Social Responsibility and Sustainability, RGA. “While
this is the first stand-alone ESG Report issued by RGA, the
company’s commitment to social investment, environmental
protections, and responsible business practices has been part of
the company culture since the beginning, and as a values-based and
purpose-driven organization, we intend to build on this progress in
the years ahead.”
To learn more about ESG at RGA and download the full ESG Report,
visit www.rgare.com.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a
global industry leader specializing in life and health reinsurance
and financial solutions that help clients effectively manage risk
and optimize capital. Founded in 1973, RGA is one of the world’s
largest and most respected reinsurers and is guided by a
fundamental purpose: to make financial protection accessible to
all. RGA is widely recognized for superior risk management and
underwriting expertise, innovative product design, and dedicated
client focus. RGA serves clients and partners in key markets around
the world and has approximately $3.4 trillion of life reinsurance
in force and assets of $84.6 billion as of June 30, 2022. To learn
more about RGA and its businesses, visit www.rgare.com. Follow RGA
on LinkedIn, Twitter, and Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005164/en/
Lynn Phillips Vice President, Corporate Communications
636-736-2351 lphillips@rgare.com
Lizzie Curry Director, Public Relations 636-736-8521
lizzie.curry@rgare.com
Jeff Hopson Senior Vice President, Investor Relations
636-736-2068 jhopson@rgare.com
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