With International Volunteer Day approaching on 5 December, we explore how insurers promote and encourage employees to volunteer as an indicator of ESG sustainability practices at the coalface.

Environmental, social and governance (ESG) and sustainability policies are now predominantly mandatory requirements for large companies — insurers are no different.

Many are now required to prepare sustainability or impact reports, outlining their ESG and sustainability practices, their targets and how they are meeting them.

Sustainability reports usually focus on targets relating to issues such as environmental impact and decarbonisation efforts.

QBE’s 2023 sustainability report, for example, highlights its 75 per cent reduction of Scope 1 and 2 carbon emissions since 2018. It also has a target of a net zero underwriting portfolio and investment portfolio by 2050 and a net zero commitment across its operations by 2030.

Meanwhile, global insurer Aon’s impact report for 2023 highlights the organisation’s commitment to be net zero by 2030 “by thoughtfully managing our supply chain, real estate footprint and our travel”.

Aon has clients in more than 120 countries and notes that its volunteer, mentorship and apprenticeship programs are making a difference in communities around the world.

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