Climate Change Data

Athora Holding Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2,504 tonnes CO2e (estimated for Belgium and Italy)
Total Energy Consumption:3,177,243 kWh (estimated for Belgium and Italy)

ESG Focus Areas

  • Economic wellbeing over the long term
  • Protecting life and nature
  • Facilitating fair and good social outcomes

Environmental Achievements

  • London office achieved BREEAM certification ‘Outstanding’ plus LEED certified ‘Gold’
  • Group-wide greenhouse gas (GHG) emissions data system implemented
  • Total energy consumption reduced from 3,551,514 kWh in 2022 to 3,177,243 kWh in 2023
  • Athora Netherlands own operations net-neutral since 2015; 78% drop in net carbon emissions compared to 2019

Social Achievements

  • Athora Netherlands retained industry Top Employer award for quality of employment practices including hybrid working
  • Inclusion, Diversity and Equality (IDE) Key Performance Indicators (KPIs) approved by Athora Holding Ltd. Board of Directors
  • Athora Pride Network established
  • Successful pilot of Respectful Workplaces behavioural change training
  • Over €350,000 in charitable donations (corporate and employee) and sponsorships
  • 688 volunteering hours across jurisdictions

Governance Achievements

  • Sustainability Strategy and objectives set by the Group Board
  • Group Nominating & Corporate Governance Committee (NCGC) oversees Sustainability activities
  • Board received at least semi-annual updates from the Group Sustainability Office
  • Board training session on Sustainability matters, with a focus on the upcoming CSRD requirements

Climate Goals & Targets

Long-term Goals:
  • Athora Netherlands: Net-zero GHG emissions by 2050
Medium-term Goals:
  • Athora Netherlands: 50% reduction in GHG emissions by 2030 compared to 2019
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Challenging market environment due to rising interest rates and capital market volatility
  • Need for robust methods and data sources to assess Sustainability performance
  • Upcoming regulatory obligations (CSRD)
Mitigation Strategies
  • Implementation of a Group-wide GHG emissions data system
  • Strengthening of communication processes in line with evolutions in requirements
  • Preparation for upcoming CSRD requirements
  • Continued development of approach to measurement of own operations emissions

Supply Chain Management

Responsible Procurement
  • Involvement of Sourcing and Vendor Management team for new relationships
  • Due diligence on potential business partners
  • Commitment from business partners to abide by Athora policies and standards
  • Regular service management reviews and due diligence risk assessments for existing relationships

Climate-Related Risks & Opportunities

Physical Risks
  • Increasing severity and frequency of climate and weather-related events
Transition Risks
  • Adjustment towards a low-carbon economy
Opportunities
  • Cost savings from improved operational efficiency
  • Operational efficiency from innovation and technological improvement

Reporting Standards

Frameworks Used: GRI 2021 Universal Standards, SASB 2023 insurance industry-specific disclosure requirements, TCFD (progressing towards alignment)

Certifications: BREEAM ‘Outstanding’ and LEED ‘Gold’ for London office, Top Employer certificate (Athora Netherlands)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

Aligned with UN SDGs through economic wellbeing, protecting life and nature, and facilitating fair and good social outcomes

Awards & Recognition

  • Decavi Life Insurance Awards (Athora Belgium)
  • VBDO Sustainability Ranking (Athora Netherlands)