Assurant's 2023 Sustainability Report Highlights

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2023 Sustainability Report Highlights

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What Sustainability Means to Us

Our sustainability strategic framework includes being a responsible employer that values diversity, equity, and inclusion and investing in talent; having a meaningful impact on society by strengthening communities and investing sustainably; anticipating and meeting our customer commitments and the needs of the people we serve; and adhering to unwavering standards of integrity and ethics.

Guided by this framework, Assurant is committed to operating sustainably to support our long-term success and our ability to create a positive impact for our stakeholders. As part of our long-term strategic planning process, we prioritized three environmental, social, and governance areas of strategic focus: Talent, Products, and Climate.

Talent

We aspire to foster a diverse, equitable and inclusive culture to drive innovation for the benefit of all stakeholders.
  • Reinforce company culture — refreshed the key tenets of our culture to foster a greater understanding of our renewed purpose and why the work we do each day matters to the stakeholders we serve.
  • Ongoing employee listening and feedback — to ensure our Total Rewards remain competitive, conducted employee focus groups that drove healthcare plan changes to meet the needs of our diverse workforce.
  • Commitment to diversity and inclusion — launched four Employee Resource Groups to foster an inclusive environment, including Veterans@Assurant, Mosaic@Assurant, Women@Assurant, and Pride@Assurant.
  • Investing in our people and our communities — implemented key initiatives to increase adoption of new technology and processes providing both learning tools and change support, furthering our digital-first mindset; Assurant’s spend directly with diverse-owned and small businesses (Tier 1) increased to roughly $100M in 2022 – surpassing our original goal to double 2020 spend by 2025.

Products

We aspire to help customers thrive in a connected world.
  • Continued the global rollout of an electric vehicle (EV) and hybrid vehicle-specific protection product, which is now available in 12 countries worldwide.
  • In 2022, Assurant, in partnership with our mobile clients, repurposed and extended the useful life of over 22 million devices, which equates to:
    • Diverting over 4,000 metric tons of electronic waste from landfill; and
    • Avoiding approximately 1.2M metric tons of CO2 emissions.
  • Building upon or previous digital platforms, in 2022, we launched Assurant Product Experience Exchange (APEX) which provides our mobile, retail, housing, and automotive businesses clients flexible point-of-purchase insurance, protection program, support, and services offerings in their omni-channel customer experience.

Climate

We aspire to operate in ways that minimize our carbon footprint and align our commitments to enhance climate action and environmental performance.
  • Reduce GHG Emissions by 40 Percent by 2030 — announced initial science-based aligned GHG reduction target with a commitment to reduce our enterprise-wide Scope 1 & 2 GHG emissions by 40 percent by 2030, from a 2021 baseline.
  • Implemented our first enterprise Climate Action Policy, formalizing our commitments to operating sustainably to deliver long-term value.
  • Continued ESG disclosure transparency practices through our annual Task Force on Climate-Related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) reporting.

Assurant’s Sustainability Strategic Framework

Our sustainability strategic framework includes being a responsible employer that values diversity, equity, and inclusion; investing in talent; having a meaningful impact on society by strengthening communities and investing sustainably; anticipating and meeting our customer commitments and the needs of the people we serve; and adhering to unwavering standards of integrity and ethics.
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Responsible Employer

We are a responsible employer with a culture that values diversity, equity, and inclusion while recognizing the importance of investing in employee talent.
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Impact on Society

We actively engage to strengthen the communities where we live and work while managing our investments with meaningful environmental commitments.
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Customer Commitment

We deliver differentiated experiences by being customer-centric and anticipating the needs of the people we serve.
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Integrity and Ethics

We adhere to unwavering standards of integrity, ethics, governance, privacy, and information security.
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2023 Sustainability Report Highlights

Click here to view highlights from Assurant's 2023 Sustainability Report.
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