Stewart Information Services Corporation
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:2,450 MT CO2e (Scope 2, headquarters only)
Scope 1 Emissions:0 MT CO2e
Scope 2 Emissions:2,450 MT CO2e
ESG Focus Areas
- Governance
- Social
- Environmental
Environmental Achievements
- Electronic signings saved more than 4.7 million sheets of paper
- Paper recycling prevented more than 13,000 trees from being destroyed
- Recycled or reused all obsolete technology assets
Social Achievements
- Surpassed donation goal by 22% through community service awards, supporting charities in 42 states and D.C.
- Onboarded over 1,500 new employees, with >28% from ethnic minority groups
- Launched an Employee Stock Purchase Plan with 18% participation
- Company spend with diverse suppliers grew from $23,937,429 in 2020 to $58,324,398 in 2021
- Established a DE&I Council to improve diversity and inclusion
Governance Achievements
- Refined and broadened the scope of board committees, including ESG oversight
Climate Goals & Targets
Medium-term Goals:
- Achieve net zero carbon emissions (target year unspecified)
Short-term Goals:
- Launch employee engagement survey (Q1 2022)
- Form Environmental Management Committee (2022)
Environmental Challenges
- COVID-19 pandemic impact on operations and employee well-being
- Wire fraud in real estate transactions
- Environmental risks (though deemed non-material)
Mitigation Strategies
- Vaccine Incentive Program
- Flexible work arrangements
- Partnership with CertifID for wire fraud prevention
- Enterprise Risk Management (ERM) program for environmental risks
- Return to Workplace approach
Supply Chain Management
Responsible Procurement
- Increased spending with diverse suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Sustainable Products & Innovation
- Stewart AccelerateTM
- NotaryCam®
- Stewart Connect
- eClosing
- Virtual Underwriter®
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Governance
- Social
- Environmental
Environmental Achievements
- Recycled or sold substantially all obsolete technology assets
- Included environmental impacts in leasing decisions
- Recycling efforts resulted in more than 16,000 trees kept from being harvested
- Reduced water usage and paper consumption to reduce CO2 emissions
Social Achievements
- Increased charitable donations by 29 percent from 2021
- Onboarded more than 1,100 new employees, with 33 percent from ethnic minority groups
- Continued Diversity Equity and Inclusion (DE&I) Council efforts
- Increased company spend with diverse suppliers/vendors by 157 percent since 2020
- Expanded the Employee Stock Purchase Plan to include Canadian employees
- Delivered an employee appreciation bonus to all employees
- Achieved recognition in the Top Workplaces program as a 2023 Top Workplace USA and for Employee Appreciation, Employee Well-Being, and several regional Top Workplaces awards
Governance Achievements
- Reviewed company’s cybersecurity profile and risk mitigation with the full board of directors
- Continued quarterly reporting to the Audit Committee on cybersecurity
- Reviewed enterprise risk management program with the full board
- Updated Nominating and Corporate Governance Committee and board on ESG matters
- Formed an Environmental Management Committee
Climate Goals & Targets
Long-term Goals:
- Achieve net zero carbon
Environmental Challenges
- Wire fraud attempts in real estate transactions
- Cybersecurity risks
- COVID-19 pandemic impact on operations
Mitigation Strategies
- Strict policy on wiring instructions, callback verification, secure email, centralized bank account access, email warnings, and training
- Continuous evaluation and monitoring of cyber risks, security education and training, third-party risk assessment
- Adapting management response guidance, workplace guidelines, and education to reflect current environment and guidelines
Supply Chain Management
Responsible Procurement
- Increased spend with diverse suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Sustainable Products & Innovation
- Stewart Accelerate®, NotaryCam®, Stewart Connect, eClosing, Virtual Underwriter®
Awards & Recognition
- 2023 Top Workplace USA
- Top Workplace awards in several regions
- Best in Biz Award for Community Service Awards program
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:100% (home office)
ESG Focus Areas
- Governance
- Social
- Environmental
Environmental Achievements
- Home office now powered 100% by renewable energy
- Saved more than 13,500 trees from being harvested
- Reduced paper consumption by more than 5.3 million sheets through electronic signing of documents
- NotaryCam® subsidiary performed over 31,000 signings remotely online – eliminating the associated carbon emissions of vehicles traveling for those signings
Social Achievements
- Increased charitable donations by 60% from 2021
- Strengthened communities in nine cities across the U.S. by funding home repairs through Rebuilding Together®
- Expanded the newest Stewart Scholarship class by 35% from 2022, giving $136,000 to 68 students
- Launched a global Code of Conduct training
- Enhanced health and welfare programs (Stewart Wellness Program, Childbirth and Bonding Paid Leave Program, fully company-paid Short-Term Disability program)
- Continued Diversity Equity and Inclusion (DE&I) Council efforts
Governance Achievements
- Added a new board member, Helen Vaid
- Named a new Sustainability Committee lead
- Formalized Essential Learning Activities Program (covering Code of Conduct, Harassment Prevention, Security Awareness, Wire Fraud Prevention, Anti-Bribery/Antitrust, Inclusion and Belonging, and Goal Setting and Performance)
Climate Goals & Targets
Environmental Challenges
- Wire fraud attempts in real estate transactions
- Managing environmental risks in areas with significant environmental risk
Mitigation Strategies
- Strict policy on wiring instructions, callback verification, secure email transmission, centralized control of bank account access, email warnings, and education and awareness training for customers, real estate agents and all employees
- Enterprise Risk Management (ERM) program, including business continuity program (BCP) and disaster recovery (DR) plan
- Partnership with CertifID® for secure wire instructions and fraud insurance
- Partnership with Treefort™ in Canada for identity authentication
Supply Chain Management
Responsible Procurement
- Partnering with R2 certified vendor for IT equipment recycling
- Using environmentally friendly office supplies
- Working with local and regional small businesses and diverse-owned businesses
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Sustainable Products & Innovation
- NotaryCam
Awards & Recognition
- Top Workplaces USA (#52)
- Corporate Responsibility Award from NEI Global Alliance
- Best-in-Class Employer by Gallagher