Admiral Europe Compañía de Seguros, Sociedad Anónima Unipersonal

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:2092 tCO2e (Scope 1&2)

Scope 3 Emissions:1977 tCO2e

Renewable Energy Share:77% (Group-wide)

Reduction in leased area in Seville office, leading to reduced electricity consumption.
Madrid office uses 100% renewable energy, eliminating CO2 emissions.
Implementation of Green Teams initiative and Green Week.

Achieved certification as an Excellent company in Conciliation Management by Fundación Más Familia.
Ranked second-best company to work for in Spain (501-1000 employees) by Great Place to Work.
Awarded the “Better for people” prize by Great Place to Work.
Launched Women Lab program to facilitate women's access to employment.
Collaboration with Adecco Foundation for job opportunities for women and people with functional diversity.
Participation in Together for Better project to help vulnerable people.

Adherence to Admiral Group's Code of Ethics and Anti-Corruption Policy.
Implementation of a three-line of defense approach to risk management.
Annual review of strategy, challenges, and risks by the Board and senior management.

Long-term Goals:

High level of uncertainty in the business environment due to inflation and geopolitical tensions.
Impact of inflation on average claim cost in the automobile insurance sector.
Cybersecurity risks, business continuity, data protection and privacy.

Measures to correct negative impacts of the economic cycle, monitoring solvency position.
Adaptation of operations to digital market demand.
Co-insurance and re-insurance agreements to manage underwriting risk.
3-year investment program to optimize and strengthen cybersecurity foundations.

Outsourcing Policy, supplier engagement procedure, questionnaires on structure, activity, financial capacity, corporate social responsibility, and environment.

Climate Change Data