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. Expand ESG fund range over the next 5 years and increase awareness of benefits of investing in ESG for the long-term amongst clients and advisers
  2. Increase Assets under Administration invested in ESG funds
  3. Calculate carbon footprint assessment annually
  4. Identify emissions reductions activities and credibly carbon offsetting projects to achieve net zero by 2050
  5. Explore sustainable energy opportunities and pay the Isle of Man ‘green’ tariff for energy supply
  6. Maintain and monitor Car Share Scheme
  7. Expand recycling Scheme in all locations
  8. Increase usage of electric car charging points in Isle of Man office locations
Social
  1. Be a local living wage and hours employer
  2. Evaluate and encourage our core suppliers to become local living wage employers, with a view to increase % of suppliers adopted
  3. Maintain the Isle of Man based Staff Charity Committee
  4. Support local charities across all offices, both financially and with thematic volunteering plans, initially focusing on charities that provide support to the elderly
  5. Develop, and extend, our succession plans with a view to increasing our leadership diversity across the Group
  6. Increase staff awareness and drive engagement in all initiatives
Governance
  1. Produce annual ESG Report and implement quarterly ESG reporting to the Board
  2. Include material ESG risks in the quarterly Group Chief Risk Officer’s Report
  3. Participate in regulatory consultations by specified deadlines
  4. Ensure all relevant Committee Terms of Reference include ESG considerations
  5. Proactive and open approach to regulatory engagement at a strategic and operational level

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, glass and plastics
  • 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:

RL360 ESG investing


FPI ESG investing
Our brands

Our brands

Read more about our brands and the services we are offering.

Find out more