Climate Change Data

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