Al Ain Ahlia Insurance Company (PJSC)
Climate Impact & Sustainability Data (2020, 2021, 2022)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Replaced lamps and lighting tools with modern low-consumption types, saving energy and reducing emissions.
- Monitored water consumption and replaced some water distribution devices with modern, low-consumption types.
- Scanned all paper files to create a paperless work environment.
Social Achievements
- Provided health insurance for all employees and their families.
- Provided weekly PCR tests for all employees at company expense.
- Implemented flexible work arrangements to reduce the spread of COVID-19.
- Supported local employees in pursuing academic studies.
- Motivated UAE citizens to learn skills for career advancement.
- Supported citizens in achieving professional goals by granting flexible working hours.
Governance Achievements
- Updated articles of association to comply with the Companies Law and its amendments, enabling remote meetings and electronic communication.
- Followed Corporate Governance Rules for Public Joint Stock Companies.
- Established an Audit Committee, a Nomination and Remuneration Committee, and a Risk Committee.
- Maintained a specialized Internal Audit Department.
- Reviewed policies, including nomination, remuneration, and AML policies and procedures.
- Appointed an independent auditor.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic and its impact on the global economy.
- Maintaining adequate insurance liabilities.
Mitigation Strategies
- Implemented safety and health measures for employees (social distancing, work from home).
- Ensured uninterrupted essential services.
- Monitored and mitigated the effects of COVID-19.
- Implemented a risk management framework to protect shareholders.
- Maintained adequate reserves, cash, and bank facilities to meet commitments.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Replaced lamps and lighting tools with modern low-consumption types, saving energy and reducing emissions.
- Monitored water consumption and replaced some water distribution devices with modern, low-consumption types.
Social Achievements
- Achieved an Emiratisation rate of 18% in 2022, exceeding the Central Bank's target.
- Approximately 95% of UAE nationals attended training programs conducted by EIBFS.
- One UAE national nominated for ICA certificate in Anti-Money Laundering.
Governance Achievements
- Updated articles of association to comply with the Companies Law, allowing for remote meetings and electronic communication.
- Reviewed policies, including nomination and remuneration, and AML policy and procedures.
- Appointed an independent auditor who presents reports independently to shareholders and the Board of Directors.