CSAA releases annual ESG report

CSAA Insurance Group has announced the release of its annual environmental, social and governance report, in which the insurer details the progress made toward its goal of a 50% reduction in carbon emissions and carbon neutrality by 2025.

CSAA has already achieved a 45% reduction in emissions from its 2016 baseline, inclusive of scopes 1, 2 and 3 (business travel, employee commute and home office energy use), the company said.

“For an insurer, the environmental aspect of ESG is critical,” said Tom Troy, president and CEO of CSAA. “It is a business imperative, given the role we play in helping policyholders who experience losses due to climate-related impacts. With increasing frequency and severity of wildfires, hurricanes, and other weather events, it is incumbent on the industry to work to reduce the effects of climate change, and we strive to be an industry leader in this important work.”

Read next: CEO on personal lines and the vital role of agents

The report also highlighted the company’s progress in existing programs and announced several new initiatives, including:

• Future of Work: an initiative to rethink how the work environment will look moving forward
• New diverse recruiting strategist: the company has announced a new HR position focused on developing strategies to better meet its goals for a more diverse workforce
• Talent equity roadmap: an effort to increase internal awareness of what CSAA is doing as it moves toward a more equitable and inclusive culture
• The Inclusion Collective: an effort to connect diversity, equity and inclusion activities into a broader, business-driven and results-oriented strategy
• Mindful Employee Resource Group: a resource group focused on mental health

Access CSAA’s full ESG report here.

CSAA recently announced a $25 million commitment to the California Wildfire Innovation Fund.

Have something to say about this story? Let us know in the comments below.