Crawford & Company
Climate Impact & Sustainability Data (2017, 2022)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Governance
- Risk Management
Governance Achievements
- Established a Global Third Party Risk Management Policy to identify, measure, monitor, and report third-party supplier risk.
Climate Goals & Targets
Environmental Challenges
- Risks associated with using third parties, including disruptions, delays, denigration of transaction processing, customer service, IT & physical security, and data privacy.
- Managing risks associated with complex third-party relationships, including foreign-based third parties and subcontractors.
Mitigation Strategies
- Phased implementation of the TPRM Policy.
- Risk rating framework (Tier 1, Tier 2, Tier 3) to determine due diligence, documentation, monitoring, and off-boarding processes.
- Due diligence on all potential third parties before contracting.
- Oversight and performance monitoring of Tier 1 and Tier 2 third parties.
- Periodic risk reassessments for Tier 1 and Tier 2 third parties.
- Procedures for off-boarding third-party suppliers.
- Succession plans for Tier 1 third parties providing critical services.
- Annual policy review and risk assessment.
- Policy exception process.
- Training and awareness programs for personnel.
Supply Chain Management
Responsible Procurement
- Competitive pricing
- Contracts addressing relevant risks
- Service Level Agreements (SLAs)
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Diversity, Equity & Inclusion (DEI)
- Employee Well-being
- Sustainability
- Environmental Responsibility
- Governance
- Compliance
Environmental Achievements
- Developed a new soil management policy called Zero to Landfill in the UK to promote sustainable soil management.
- Developed sustainability approach with objectives to measure and reduce greenhouse gas emissions, consume resources responsibly, be a good steward of nature, and collaborate with partners to achieve a nature positive position.
Social Achievements
- Continued to offer employee assistance programs and free access to the mental wellbeing platform Headspace.
- Offered managers training and tools to destigmatize mental health struggles of employees.
- Introduced the ABILITY! employee resource group for individuals with disabilities and their allies.
- Conducted employee Pulse surveys with a 75% response rate, showing favorable scores on empowerment and customer-centricity.
- Offered Manager Acceleration Program (MAP) and Emerging Leaders Program.
- Supported various community projects through Global Day of Service and Crawford Cares.
- Broadspire Charity Golf Tournament donated over $200,000 to Kids' Chance and SOS Children's Villages.
Governance Achievements
- Maintained 45% representation of women and minorities on its eleven-member board.
- Achieved close to 100% completion of annual global compliance training across the entire global workforce.
- Implemented global information security policies and procedures to protect data.
- Published Code of Business Conduct and Ethics and Conflict of Interest Disclosure.
Climate Goals & Targets
Short-term Goals:
- Expand workforce and management development offerings.
- Spread diversity, equity and inclusion efforts globally.
- Weave ESG into the fabric of the organization.
Environmental Challenges
- Addressing materiality, compliance and stakeholder expectations in sustainability.
- Reducing carbon footprint.
Mitigation Strategies
- Identified a carbon reporting software to assist with data capture, carbon benchmarking and sustainability targets.
- Emphasizing technology-based solutions, decreasing real estate space, monitoring impact on fleet usage and minimizing work commute by promoting agile working programs.
Supply Chain Management
Responsible Procurement
- Procuring goods and services in ethical, sustainable and socially responsible ways that reduce the environmental footprint of our operations and supply chain
Climate-Related Risks & Opportunities
Awards & Recognition
- NU PropertyCasualty360 Luminaries 2022
- Insurance Business 5-Star Diversity, Equity & Inclusion