MLP SE
Climate Impact & Sustainability Data (2019, 2020, 2021, 2022, 2023)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:5,359.1 tCO2e/year (2019)
Scope 1 Emissions:1,408.5 tCO2e/year (2019)
Scope 2 Emissions:1,028.2 tCO2e/year (2019)
Scope 3 Emissions:2,922.4 tCO2e/year (2019)
Renewable Energy Share:100% from 2020
Total Energy Consumption:2,111,898 kWh/year (2019)
Water Consumption:13,279 m³ drinking water/year (2019), 10,063 m³ wastewater/year (2019)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Employee Well-being
- Governance
- Sustainable Products
- Human Rights
- Equal Opportunities
- Resource Efficiency
Environmental Achievements
- Switched to green electricity in 2020
- Installed free-of-charge charging stations for electric vehicles and bicycles at HQ
- Received the "Bicycle-Friendly Employer" certificate
- Reduced energy procurement by almost 30% compared to 2018
Social Achievements
- Successfully completed the "berufundfamilie" audit for family-friendly policies
- Launched a series on MLP.net showcasing employee social work
- Donated €17,600 to local initiatives
- Low employee turnover rate (8.2%)
- Improved health management with measures like active noise-cancelling headphones
Governance Achievements
- Established a Group-wide CSR Committee in 2020
- Developed and communicated a Code of Business Conduct and Ethics
- Implemented a Group-wide compliance organization
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Climate neutrality by 2022
Environmental Challenges
- Reducing CO2 emissions from employee commuting
- Increasing the percentage of women in management positions
Mitigation Strategies
- Implemented mobile working agreement
- Introduced co-financing of job tickets
- Developed concepts in connection with the Walldorf/Wiesloch Mobility Agreement
- Implemented measures to improve the framework conditions of part-time management and women in management positions
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- High quality standards and emphasis on objective and transparent criteria when selecting product partners
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Growing demand for sustainable solutions
Reporting Standards
Frameworks Used: German Sustainability Code (GSC), Global Reporting Initiative (GRI)
Certifications: berufundfamilie, Bicycle-Friendly Employer
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Sustainable investment options in wealth management, old-age provision, non-life and health insurance
Awards & Recognition
- Not disclosed
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced emissions by around 45 percent in 2020 compared to 2019.
- Switched over the entire energy supply to renewable energies, saving around 1,000 tonnes of CO2.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2022
Environmental Challenges
- Remaining carbon emissions after initial reduction efforts.
Mitigation Strategies
- Offsetting remaining emissions through investment in certified climate protection projects (e.g., Amazon forest conservation, German mixed forest reforestation).
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- Sustainable Development Goals (SDGs) of the United Nations
MLP's commitment to climate protection is based on the SDGs.
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:150.8 t CO2e (2021)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:150.8 t CO2e (2021)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% (electricity)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate protection
- Climate change adaptation
- Sustainable use and protection of water and marine resources
- Transition to a circular economy
- Waste prevention and recycling
- Pollution prevention and control
- Protection of healthy ecosystems
- Diversity & Inclusion
- Good Corporate Governance
Environmental Achievements
- Achieved climate neutrality in 2020 through emission reduction measures and compensation.
- Switched to green electricity throughout the Group in 2020, reducing Scope 2 emissions by 97.5%.
Social Achievements
- Increased employee numbers slightly in 2021.
- Maintained low employee turnover rate at 7.3% (2020: 6.7%).
- Consultant turnover rate remained below the target figure of around 10% at 9.6%.
- Implemented a 'Point of honour' campaign for social engagement.
- Donated €10,000 to support various initiatives.
Governance Achievements
- Established a Group-wide Sustainability Policy.
- Established a Sustainability Committee in 2020.
- Considering a sustainability component for MLP SE Executive Board compensation.
- Achieved 'Prime' Status in the sustainability rating of Institutional Shareholder Services Inc. (ISS) in 2020.
- Improved ESG Rating to "C".
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Further development of sustainability in the core business (up to 2025)
Short-term Goals:
- Further integrate and anchor sustainability aspects in individual core business areas (2022)
- Include sustainability in Executive Board compensation (2022)
- Operative integration of the MLP Sustainability Policy (2022)
Environmental Challenges
- Increasing CO2 prices
- Tighter regulations in terms of reporting and CO2 accounting obligations
- Growing demand among clients for sustainable solutions
- Complexity and market dynamics in aligning consulting services with sustainability aspects.
Mitigation Strategies
- Investment in the purchase of climate protection certificates
- Step-by-step approach to integrating sustainability into consulting processes
- Regular review of consulting processes to ensure they are up-to-date
- Development of dedicated minimum standards or assessment criteria regarding sustainability aspects for all financial and insurance concepts, as well as for the product producers.
- Active exchange with product producers, market members, and rating companies to expand data and information.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- High quality standards for cooperation with product partners
- Objective and transparent criteria for partner and product selection
- Regular review of providers and products
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Increasing CO2 prices
- Tighter regulations in terms of reporting and CO2 accounting obligations
Opportunities
- Growing demand for sustainable solutions
Reporting Standards
Frameworks Used: German Sustainability Code (GSC), Global Reporting Initiative (GRI Standards)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
MLP's understanding of sustainability is oriented towards the UN Sustainable Development Goals; five goals are considered particularly relevant.
Sustainable Products & Innovation
- Sustainable building insurance policy (DOMCURA)
- Sustainable investment options in wealth management, provision, and insurance products
Awards & Recognition
- Prime Status in ISS sustainability rating
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:17,320 tCO2e
Scope 1 Emissions:2,909.7 tCO2e
Scope 2 Emissions:2,429.2 tCO2e
Scope 3 Emissions:12,340.0 tCO2e
Renewable Energy Share:100% (electricity)
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Education
- Responsible Resource Management
Environmental Achievements
- Achieved carbon neutrality in business operations by 2022 through a combination of emission reduction measures and carbon offsetting.
- Switched to green electricity throughout the Group in 2020, resulting in a significant reduction in Scope 2 emissions.
- Reduced paper consumption by approximately 16% in 2022.
Social Achievements
- Maintained a low employee turnover rate (8.1% in 2022), significantly below the industry average.
- Launched the "MLP lends a hand" program for social commitment.
- Implemented a wide range of training and development opportunities for employees and consultants, including sustainability-focused modules.
- Continued to support diversity and gender equality initiatives.
Governance Achievements
- Established a Group-wide sustainability management system anchored at MLP SE.
- Developed a sustainability component for Executive Board compensation, effective 2023.
- Implemented a compliance strategy with preventive measures to avoid non-compliance risks.
Climate Goals & Targets
Long-term Goals:
- Maintain climate neutrality and continue to reduce environmental impact.
Medium-term Goals:
- Fully anchor sustainability in consultancy services by 2025.
- Achieve at least 33% female representation at the first and second management levels below the Executive Board by 2025.
Short-term Goals:
- Further develop guidelines for incorporating client sustainability preferences into consultancy services by 2023.
- Implement new staff appraisals focusing on feedback and dialogue by 2023.
Environmental Challenges
- Difficulty in quantifying Scope 3 emissions due to the complexity of the value chain.
- Need to further integrate sustainability aspects into the core business of all Group companies.
- Meeting the increasing regulatory requirements for sustainability reporting (e.g., CSRD, Supply Chain Due Diligence Act).
Mitigation Strategies
- Initiated a program ("Further development of sustainability in the core business") to embed sustainability more deeply into operations by 2025.
- Established a project team to prepare for the implementation of the Supply Chain Due Diligence Act.
- Developed an extensive questionnaire for assessing the sustainability of insurance partners.
Supply Chain Management
Responsible Procurement
- High quality standards for product partners; objective and transparent criteria for selection.
Climate-Related Risks & Opportunities
Opportunities
- Increasing client demand for sustainable solutions.
Reporting Standards
Frameworks Used: German Sustainability Code (GSC), Global Reporting Initiative (GRI)
Third-party Assurance: No third-party assurance provided.
UN Sustainable Development Goals
- SDG 4 (Quality Education)
- SDG 5 (Gender Equality)
- SDG 7 (Affordable and Clean Energy)
- SDG 8 (Decent Work and Economic Growth)
- SDG 13 (Climate Action)
MLP's activities contribute to these SDGs through various initiatives, including employee training, diversity programs, renewable energy use, sustainable business practices, and climate neutrality efforts.
Sustainable Products & Innovation
- Building insurance policy with optional sustainability module.
- Climate loan for sustainable projects.
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate protection
- Sustainable product solutions