Loews Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Energy Consumption:452,000 KwH/year
ESG Focus Areas
- Environmental Risk and Opportunities
- Social
- Governance
- Cybersecurity
Environmental Achievements
- Switching to LED light bulbs
- Major water conservation effort at Loews Hotels
- Actively monitoring and reducing greenhouse gas emissions at Boardwalk
- Recycling ocean-bound plastic waste into environmentally safe packaging at Altium
Social Achievements
- Employee engagement survey with >85% recommending Loews as a great place to work
- Employee Reporting Hotline
Governance Achievements
- Strong and independent Board of Directors
- Robust ethics and compliance program
- Compensation framework that incentivizes prudent risk management and long-term financial success
- Established Risk Council
- Annual Enterprise Risk Management Review by the Board
Climate Goals & Targets
Environmental Challenges
- Climate change impacts on businesses (particularly CNA and Boardwalk)
- Cybersecurity threats
Mitigation Strategies
- Regular risk assessments considering ESG factors (including climate-related impacts)
- Proactive enterprise risk management (ERM) framework
- Cyber risk strategy focused on prevention, detection, anticipation, and response
- Data privacy and security program with policies, controls, and training
- Cyber Risk Committee and Audit Committee oversight
- Collaboration with subsidiaries on cybersecurity information sharing and testing
- Following the NIST Cybersecurity Framework
Supply Chain Management
Responsible Procurement
- Expectation that suppliers respect human rights and reject abuses