Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Workforce and Community
• Transparency and Accountability

Environmental Achievements

• Implemented GHG tracking software to support internal monitoring efforts
• Achieved an Implied Temperature Rise of 1.3ºC, in line with the Paris Agreement’s goal

Social Achievements

• 3 New Colleague Resource Groups: Jewish Culture, Veterans, and Working Parents and Caregivers Introduced
• Implemented rotating chairs for Board committees
• 66% of all new U.S. hires and 57% of all new U.S. hires at the level of Vice President or above were women or members of racial/ethnic minority groups
• Over 50 charitable events held across 16+ office locations
• Over $500,000 donated to charitable organizations through corporate donations, employee contributions, and our Matching Gifts Program
• 1,500+ hours volunteered
• Everest employees completed 50,827 hours of training, development, and DEI courses, averaging 16.4 hours per employee

Governance Achievements

• Formed ESG Working Group, led by the General Counsel, to coordinate and collaborate on ESG matters and communications, discuss key trends, and provide recommendations to senior management
• 2 of 3 legally mandated Board Committees are Chaired by Women
• 33% of the Board are Women

Climate Goals & Targets

Environmental Challenges

• Market practices in the reinsurance industry are at present inconsistent with reliable calculation of Scope 3 emissions in our underwriting portfolio.
• Insufficient data available to determine Scope 2 GHG emissions of some facilities.

Mitigation Strategies

• Expanded GHG reporting by identifying additional Scope 3 categories for which we can reasonably collect and analyze data.
• Expanded collection of Scope 3 business travel data to include travel data for internationally based employees.
• Began collecting waste data from our U.S. headquarters.
• Estimating Scope 2 GHG emissions for facilities with insufficient data and reporting these estimates in “Scope 3 Category 8—Upstream Leased Assets”

Supply Chain Management

Supplier Audits: Recently acquired a tool to help assess suppliers on ESG criteria; started using the tool to benchmark vendors.

Responsible Procurement

• Encouraging suppliers to comply with environmental laws and regulations

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Wildfires

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Increased demand for insurance coverage
• Opportunities to engage with policymakers
• Opportunities to assist businesses in developing innovative renewable energy technology and green products

Reporting Standards

Frameworks Used: GRI, TCFD

Third-party Assurance: Outside independent consultant

Sustainable Products & Innovation

• Pollution and remediation liability insurance
• Products to support renewable energy technologies

Awards & Recognition

• Insurance Business America 2023 5-Star Construction 2023 Award
• Caribbean and Central American Reinsurer of the Year at the 2023 Inside P&C Honors Awards
• Brazilian Reinsurer of the Year at the 2023 Inside P&C Honors Awards
• Top 50 Talent Acquisition Team award at the 2023 OnConferences Icon Awards