Our Social Impact

Our Environmental, Social and Governance (ESG) Mission

PartnerRe is committed to fulfilling our ambition of being a responsible corporate citizen while creating sustainable long-term value for our owners. Our ESG mission and initiatives focus on advancing goals around sustainable development principles that are important to our clients, capital providers, owners and employees.

To put PartnerRe’s ESG mission into effect, we have adopted the following ESG goals: (1) equality and inclusivity, (2) health and wellness, (3) industry and economy and (4) climate change.

Diversity & Inclusion

We know that companies with an inclusive culture and a higher degree of diversity across all levels are better at making business decisions. They are also better for employees because they create the right environment for everyone to succeed, learn and grow.

For PartnerRe, that means consciously hiring and advancing people from all kinds of backgrounds, with a diverse range of identities, at every level of the organization. To succeed, we need to have the systems in place and a culture of inclusion where every employee feels welcomed and respected to perform at their best.

We know that our success depends on this, but we also know that we are not there yet. Over the next few years, we are determined to build on our momentum in increasing diversity and inclusion at PartnerRe through the following commitment:

  1. We will work towards increased representation of all employee groups in executive and senior management roles and people management roles.
  2. We will make sure all employees regardless of ethnicity, background, religion, sexual orientation, nationality and gender have an equal opportunity to grow and progress at PartnerRe.
  3. We will promote a culture of inclusivity where employees can share their thoughts openly and have the conversations that are needed to make PartnerRe a place where employees can be themselves and where all ideas and experiences are encouraged and welcomed. Employees are expected to invest time in acquiring and developing knowledge either through corporate-led initiatives or self-paced training every year.
  4. We will hold ourselves accountable by developing clear objectives and measuring our progress.

French Gender Equality Index

In France, PartnerRe annually calculates its score on the Gender Equality Index which has been implemented by the French government to reduce the pay gap between men and women. This index score is based on the following indicators:

  • Gap in pay between women and men
  • Gap in distribution of pay raises between women and men
  • Percentage of women given pay raises upon their return from maternity leave
  • Number of women and men among the 10 highest paid employees

For 2020, the score of PartnerRe’s French branch is 94/100.

Environment

PartnerRe understands our clients and communities face environmental challenges and we strive to reduce our environmental impact by:

  • Decreasing our carbon footprint
  • Improving energy efficiency
  • Increasing use of renewable resources
  • Sharing and leveraging best practices across offices
  • Measuring and monitoring risk taking activities

Society

We take our responsibility to give back to our local communities seriously and encourage employees to actively participate within their communities by providing personal support to local charitable organizations or branches of national/international organizations. We align our corporate giving with employee participation as well as provide dollar matching for employees charitable giving.

If your organization would like to partner with us, please reach out to the contact in one of these PartnerRe locations:

Governance

The goal of Corporate Governance is to ensure value preservation through ethics and integrity. We are committed to transparency and visibility of our ESG initiatives to:

  • Strive to maintain the highest standards of conduct and ethical behavior in all business activities
  • Work to understand the risk of climate change and its impact on our business,
  • Undertake responsible and sustainable underwriting
  • Establish processes and systems to monitor, assess and manage potential environmental and social risk related to our underwriting and investment activities
  • Exclude non-ethical risks

For PartnerRe’s Modern Slavery Act Transparency Statement click here.

2020-2021 Partnerships & Initiatives

Environment

Native Energy and the Swiss Climate Foundation

As a company invested in the future, environmental sustainability is important to us. Our sustainability partners, Native Energy and the Swiss Climate Foundation, help us in our efforts. We look to Native Energy to offset carbon emissions related to some of our business operations, while Swiss Climate Foundation helps us to support small and medium enterprises on the forefront of energy efficiency and climate protection.

Climate change

The global and regional climate has changed and will continue to change as a result of human activities. As a reinsurer, PartnerRe’s business is directly and indirectly affected by climate change.

PartnerRe is committed to understanding the risks from natural catastrophes and climate change, and to quantifying their impact on our business. We follow the scientific community (Inter-governmental Panel on Climate Change, IPCC) consensus as input to our monitoring and management of climate change risk throughout the Company.

Celebrating Earth Day

PartnerRe is committed to reducing our carbon footprint and has offset our 2020 operational emissions through our support of the Haiti Clean Water Project which provides clean drinking water to those in need. Our sustainability partner, Native Energy, is the Public Benefit Corporation responsible for developing the project and they have shared the following: “PartnerRe offsets the emission associated with their 2020 operations by supporting the Haiti Clean Water Project, bringing immediate relief as well as long-term support to the people of Haiti.”

We are proud to support this important initiative and help improve the quality of life for the local Haitian communities.

Society

Relief Efforts

PartnerRe and its employees have donated more than $550,000 to COVID-19 relief efforts worldwide as part of the Company’s commitment to being responsible corporate citizens.

Separately, PartnerRe donated a total of $30,000 in aid of the California wildfires and $30,000 to support disaster recover in Beirut.

Governance

Underwriting

We have adapted our underwriting guidelines to account for ESG considerations. As of January 1, 2021, the Specialty Property Mining Underwriting Guidelines include specific coal-related restrictions on facultative business.

Investments

We are putting in place an ESG scoring system on our internally managed fixed income portfolio whereby we will strive to have an above-average score compared to the market average, as measured on a quarterly basis.

For further information about ESG at PartnerRe, please contact us at ESG@partnerre.com

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