In its most recent report, the Britannia Group demonstrates how it is making sustainability and ESG (environmental, social, governance) central to its culture and risk management.
ccording to the report, the double materiality assessment lays the foundation for the Britannia group’s strategic focus on sustainability. The following areas have been identified as key contributors to mitigate any ESG-related risk exposure to their business or our business’ impact on wider society:
#1 Risk management
They assess the potential environmental, social, and governance risks that may arise in the future. By conducting thorough due diligence, the Club ensures they are well-prepared to address these risks and develop appropriate strategies for risk mitigation. Additionally, they prioritize proactive planning to stay ahead of any emerging ESG challenges that could impact their operations or stakeholders.
Where possible and appropriate, they factor in increased ESG risks and opportunities into their underwriting process.
Furthermore, through digitalisation, they continuously optimise work streams to support and promote a sustainable working environment.
They evaluate the fund managers’ adherence ESG principles, ensuring that they align with Britannia’s sustainability goals.
They also incorporate sustainability into their office premises.
Britannia monitors their scope 1 (direct emissions from sources owned or controlled by the entity), 2 ( indirect emissions from electricity, steam, heat, or cooling consumed by the entity) and 3 emissions (all indirect emissions from sources not owned or controlled by the entity).
#7 Corporate social responsibility
They invest in both local communities and global organisations through donations and sponsorships.
This policy ensures that all employees are treated fairly and equally, regardless of their race, gender, or any other characteristic. By investing in the development of their staff, they provide them with opportunities for growth and advancement within the company.
Finally, they support the industry in understanding ESG risks and help to develop a strategic focus on sustainability.
The success of our sustainability strategy ultimately relies on the support and buy-in of our employees and I am delighted to see that our staff around the world are continuing to contribute to a sustainable future for the Britannia Group, the industry and society more widely
… said Andrew Cutler, CEO, The Britannia Group