Old Republic International Corporation
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Human Capital
- Community Involvement and Engagement
- Customer Privacy and Data Security
- Environmental Issues
- Oversight and Risk Management
Environmental Achievements
- Reduced single-use plastics
- Implemented an Information Technology Asset Disposition Program for environmentally friendly disposal of retired electronics
- Participated in recycling programs (paper, aluminum, cardboard, furniture, and electronics)
- Switched to water dispensers instead of plastic water bottles
- Used eco-friendly office products and LED lights
- Old Republic Title completed a real estate transaction returning 1,200 acres of land to a Native American tribe
Social Achievements
- Contributed nearly $1.1 million to charitable organizations in 2019
- Donated $300,000 to the American Red Cross and The Salvation Army in 2020 through a Coronavirus Giving Campaign
- Implemented a “Wellness Everyday” initiative focusing on physical, social, financial, and emotional well-being
- Offered an Employee Assistance Program (EAP) with 24/7/365 access to counselors
- Included telehealth services as part of the Company’s medical benefits plans
- Maintained a robust enterprise-wide compliance training program with nearly 100% completion rate
- Supported associates' participation in various industry associations and leadership organizations
Governance Achievements
- Established a Code of Business Conduct and Ethics Policy
- Implemented an online ethics whistleblower link for anonymous reporting
- Regular reports on cybersecurity and technology risks are made to the Audit Committee and Board of Directors
- Appointed a new Chief Information Security Officer
Climate Goals & Targets
Environmental Challenges
- Strategic Risk
- Credit Risk
- Market Risk
- Insurance Underwriting Risk
- Operational and Cyber Risk
- Liquidity Risk
Mitigation Strategies
- Disciplined investment strategies
- Careful review of counterparties
- Disciplined and specialized underwriting
- Heavy investment in technical infrastructure and cybersecurity
- Careful management of liquidity
Supply Chain Management
Responsible Procurement
- Use of approved vendors for environmentally friendly waste disposal
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB