Climate Change Data

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