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Assurant Affirms Commitment to Sustainability, Environmental Transparency
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Earns ‘B’ score on CDP annual survey
NEW YORK--(BUSINESS WIRE)--
Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced that it sustained a “B” CDP score for the fourth consecutive year through its disclosure of the company’s environmental impact and commitment. CDP is a global non-profit that runs the world’s leading environmental disclosure platform.
Disclosing data around environmental impact is now a business norm; in 2021 over 13,000companies worth more than 64% of global market capitalization disclosed through CDP. Over 75% of the S&P 500 disclose and more than 590 investors with US$110 trillion in assets under management have requested environmental data from companies through CDP. By disclosing and posting its CDP submission on Assurant.com, the company demonstrates its recognition of the increasing importance of environmental transparency among all of its stakeholders.
In its most recent CDP disclosure, Assurant reaffirmed climate-related actions as an ESG strategic priority and highlighted actions taken by the company. In 2020, for example, annual paper consumption was reduced by about 52.5 tons. Over the past decade, Assurant has reduced energy consumption by approximately 86 million kilowatt hours. In addition to embedding sustainability in its risk management and operations, Assurant’s environmental commitment is integrated throughout the product lifecycle, helping consumers and reducing environmental impact. By example, in 2021, it repurposed its 100 millionth mobile device, which equates to diverting 20,412 metric tons of e-waste from landfills.
“We are building on our progress as we continue to strengthen the alignment of our sustainability initiatives with our purpose, our values and our long-term strategy,” said Keith Demmings, president and CEO. “Through our annual CDP disclosure, we are able to reinforce our environmental commitment and highlight our progress toward operating in ways that minimize our carbon footprint and enhance sustainability.”
Simon Fischweicher, Head of Corporations and Supply Chains at CDP North America, commented, “Climate change poses a present and future risk to companies and their supply chains. Only by measuring environmental risks and opportunities can companies manage them now, prepare for the future and remain competitive – especially as large mainstream investors and federal policymakers increasingly push for greater transparency through disclosure. By disclosing their environmental impact through CDP, Assurant has taken an important first step. I look forward to their continued dedication to transparency and effort in securing a net-zero, sustainable and just world.”
For more information about Assurant’s commitment to sustainability, and to review its 2021 CDP Climate Survey response, please visit: socialresponsibility.assurant.com.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. Anticipating the evolving needs of consumers, Assurant partners with the world’s leading brands to develop innovative products and services and to deliver an enhanced customer experience. A Fortune 500 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; renters insurance; lender-placed insurance products; and other specialty products. The Assurant Foundation strengthens communities by supporting charitable partners that help protect where people live and can thrive, connect with local resources, inspire inclusion and prepare leaders of the future.
Learn more at assurant.com or on Twitter @AssurantNews.
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over US$110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions, representing a combined population of over 2.6 billion. Fully TCFD-aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions toward a net-zero, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
