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.
Global Gender Diversity

Impact on Society

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

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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