Our ESG
commitment

We believe that acting responsibly and sustainably will help IFGL build a better business whilst having a lasting and positive impact on our staff, our policyholders and the environment.

E


Environmental

Measuring and reducing our impact on the environment, with a view to becoming carbon-neutral and achieving net-zero emissions

S


Social

Aiming to have a positive social impact in the communities in which we operate by promoting diversity, fairness and responsible business conduct

G


Governance

Ensuring we have appropriate governance and decision-making structures in place to mitigate risk and have a positive impact in the locations we operate in

Our ESG scorecard

  • To help us track our ESG goals and remain accountable, we have created a scorecard to track our progress and report on progress on each metric to our Board each quarter. The scorecard is a mix of monitoring initiatives we have already started, and identifying new ESG enterprises.
Environmental
  1. Calculate carbon footprint assessment annually, updating methodologies where necessary to improve data quality
  2. Identify emission reducing activities and credible carbon offsetting projects to achieve net zero by 2050
  3. Continue to offer and support the range of thematic ESG funds available to our clients
  4. Raise awareness of ESG Investment benefits
  5. Develop paperless processes throughout the business to reduce our reliance on paper and postage where possible
  6. Maintain and monitor Car Share Scheme
  7. Engage with local organisations who provide guidance and support in understanding and implementing initiatives to protect our local environment
  8. Use TCFD reporting to monitor our climate-related risks and opportunities
Social
  1. Encourage staff to participate in the Volunteering Scheme to support local communities by offering the use of paid time during traditional office hours
  2. Maintain the Staff Charity Committee to organise fundraising and support for local charities
  3. Develop and extend our succession plans to increase leadership diversity (IFG1 level) to 30% women by 2027
  4. Increase staff awareness and engagement of ESG by circulating regular ESG related internal communications
  5. Encourage staff development by supporting staff in gaining job-related qualifications
  6. Explore the feasibility of hybrid working patterns to be incorporated into the Flexible Working Policy
Governance
  1. Release our 2024 Sustainability Report, updating annually
  2. Implement quarterly ESG reporting to the Board
  3. Include material ESG risks in the quarterly Group Chief Risk Officer’s Report
  4. Maintain the ESG Committee to progress the companies ESG development
  5. Conduct quarterly engagement with shareholders on ESG-related matters
  6. Proactive and open approach to regulatory engagement at a strategic and operational level
  7. Ensure all relevant Committee Terms of Reference include ESG considerations

Reducing our carbon footprint

We are keen to reduce our carbon footprint and, where we cannot reduce it, we are making plans to offset it.

In 2021 we carried out a full assessment of IFGL’s Carbon footprint and discovered that, in relative terms, we have a low footprint starting point.

However, we have introduced the following further initiatives in our Isle of Man offices:

  • Electric Vehicle charging points
  • A car-sharing scheme
  • Recycling bins to recycle cans, plastics, paper and cardboard
  • We are actively exploring a range of other options to help us reduce our footprint. We are also seeking offsetting opportunities for us to mitigate the impact of the carbon we cannot reduce.

Investing for the better

Our clients’ desire to invest in more socially responsible funds is growing and they increasingly want to invest in ways that reflect their view of the world (without sacrificing returns).

That’s why we’ve teamed up with Morningstar to apply the Morningstar Sustainability Rating to every fund we offer, so clients can see exactly how ESG-friendly each investment choice is.

Morningstar
Hands holding basil sprouts

Our ESG fund offering

And, of course, we offer a large and growing range of thematic ESG funds in our RL360 and Friends Provident International defined fund ranges for those who want to invest in ESG specific funds.

Find out more about our ESG fund ranges by visiting either of the links below:




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