Climate Change Data

Hamilton Insurance Group, Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:298 mt CO2e
Scope 1 Emissions:0.0 mt CO2e
Scope 2 Emissions:298 mt CO2e

ESG Focus Areas

  • Accountability
  • Social Impact
  • Underwriting Practices
  • Investments

Environmental Achievements

  • Conducted a comprehensive assessment of greenhouse gas emissions from own operations, establishing a baseline for future emissions reduction efforts. Scope 1 emissions were 0.0 mt CO2e, and Scope 2 emissions were 298 mt CO2e.

Social Achievements

  • Launched ‘My Day’, an extra day of paid leave for employees to do something meaningful. Improved employee engagement scores (92% believe in collaboration, 90% believe teams seek improvement, 82% say Hamilton is a great place to work). Women constituted 27% of the Group Board, 36% of underwriting and claims leads, and 45% of Group Executives (as of December 2023).
  • Implemented a Flexible Working Policy.

Governance Achievements

  • Established a rigorous sustainability governance structure with regular reporting to the Board of Directors and Group Executive Committee. Implemented a comprehensive data protection and information security management system, including a data breach response plan and regular training. Adopted a Corporate Governance Framework and a Code of Conduct and Ethics.

Climate Goals & Targets

Environmental Challenges

  • Establishing a methodology for reporting Scope 3 emissions for insurance operations.
  • Managing cyber risks and ensuring data privacy and information security in an evolving digital landscape.
Mitigation Strategies
  • Developing a targeted emissions reduction strategy prioritizing energy efficiency, renewable energy adoption, and operational optimizations.
  • Implementing a comprehensive data protection and information security management system, including regular training, a data breach response plan, and robust cybersecurity measures (ISMS and BCMS).

Supply Chain Management

Responsible Procurement
  • Requires third-party entities to adhere to stringent cybersecurity standards.

Climate-Related Risks & Opportunities

Physical Risks
  • Increased frequency and severity of weather events (hurricanes, floods, wildfires, rising sea levels)

Reporting Standards

Frameworks Used: UN Principles for Responsible Investment