The Global Atlantic Financial Group LLC and its subsidiaries
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Governance
- Investment
- Climate
- Employees
- Communities
Environmental Achievements
- Relocated New York headquarters to LEED Gold certified KKR offices at Hudson Yards.
- Installed touchless faucets to reduce water consumption and improve hygiene.
- Prohibited purchases of Styrofoam office supplies.
Social Achievements
- Established the Coalition for Equity in Wholesaling to increase hiring, retention, and career advancement of diverse wholesaling talent.
- Expanded bank syndicate for funding agreement-backed notes to include minority, veteran, and women-owned banks.
- Recognized Juneteenth as an annual company holiday.
- Exceeded goal of raising $500,000 for the United Way of Central Iowa.
Governance Achievements
- Formed a Nominating & Governance Committee to oversee ESG matters.
- Implemented a committee framework to structure the day-to-day management of its business.
- Developed a comprehensive compliance training program for all employees.
Climate Goals & Targets
Environmental Challenges
- Climate change-related risks to investment portfolio.
- Maintaining employee engagement in a remote work environment.
Mitigation Strategies
- Added climate risk to Risk Taxonomy and closely monitor climate-related risks in investment portfolio.
- Hosted regular “open mic” sessions and facilitated feedback surveys.
- Provided benefits such as emergency leave, paid time off, and monthly stipends to offset home office expenses.
Supply Chain Management
Responsible Procurement
- Prohibited purchases of Styrofoam office supplies
Climate-Related Risks & Opportunities
Opportunities
- Renewable energy investing
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Governance
- Investment
- Environment
- Employees
- Communities
Environmental Achievements
- Partnership with the National Forest Foundation to plant trees and support reforestation, resulting in over 54,800 trees planted and 500 acres of forest made more resilient against wildfire in 2022-2023. Over 14,900 MT CO2E stored.
Social Achievements
- Launched the Global Atlantic Leadership Award (GALA) recognizing employee contributions.
- Implemented various new wellbeing programs and resources, including monthly wellbeing information sessions, onsite health clinics, and free financial advice.
- Established Diversity Business Networks (DBNs) to connect and support businesses owned by individuals from diverse backgrounds.
- Hosted Inclusion Week with various events and volunteering opportunities.
- Established the Employee Engagement Advisory Council (EEAC) to gather employee feedback and advocate for their needs.
- Donated over $4 million to 550 organizations, including employee contributions.
- Hired interns from StreetWise Partners, providing hands-on experiential learning.
Governance Achievements
- Formed a Nominating & Governance Committee in 2021 to oversee ESG matters.
- Adopted a formal written set of Corporate Governance Guidelines.
- Implemented a comprehensive compliance training program for all employees.
Climate Goals & Targets
Environmental Challenges
- Addressing the retirement crisis and ensuring Americans have access to secure retirement solutions.
- Managing climate-related risks within the investment portfolio.
Mitigation Strategies
- Offering a variety of life insurance and annuity products to provide predictable lifetime income.
- Working with asset managers to monitor climate-related risks in the investment portfolio.
- Investing in renewable energy projects since 2016.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Investing in renewable energy
Reporting Standards
Frameworks Used: SASB
Awards & Recognition
- Comparably’s Best CEOs for Women
- DiversityComm Best of the Best
- Comparably’s Best Company Culture
- DiversityComm Top Financial and Banking Companies
- Comparably’s Best Company for Diversity
- Disability:IN Best Places to Work for Disability Inclusion