Climate Change Data

AmTrust Financial Services, Inc.

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Supporting the SunZia Wind and Transmission project, a large clean energy infrastructure project expected to produce clean power for 3 million customers annually.
  • Go Green Initiative focusing on increasing electronic communications and reducing printing and paper usage.
  • Reduced carbon footprint in real estate portfolio through energy-efficient lighting and adjustments to water and heating systems.
  • Implementation of a hybrid work model in 2021, reducing employee commutes and emissions.

Social Achievements

  • Established an Executive Diversity Council in 2020 to focus on workforce diversity, supplier diversity, corporate philanthropy, and community involvement.
  • Launched several employee networks (Women’s Network, Young Professionals Network, Multicultural Network, Family Network, Prism Network, Military Network, Abilities Network) to foster inclusion and support.
  • AmTrust Cares program, providing paid volunteer time and matching employee donations to charities.
  • Global Learning & Development programs achieved all-time participation highs in 2023.

Governance Achievements

  • Created an internal ESG Forum in 2023 to oversee sustainability policies, processes, and disclosures.
  • Established a Climate Council, Executive Diversity Council, and ESG Disclosure Council as subcommittees of the ESG Forum.
  • Developed a Climate Change Financial Risk Framework (CC FRF) to identify, measure, manage, monitor, and report on climate-related financial risks.
  • Hired a dedicated ESG Reporting Associate in 2022.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Full adoption of the CC FRF across the AFSI group by the end of 2024.

Environmental Challenges

  • Climate-related risks to the commercial property portfolio (hurricanes, wildfires, winter storms, tornadoes, floods).
  • Potential for reputational risks related to climate change.
  • Need to further reduce carbon emissions.
Mitigation Strategies
  • Disciplined underwriting practices to manage exposure to adverse weather risks.
  • Development of a Climate Change Financial Risk Framework (CC FRF).
  • Tracking and reducing emissions from data centers, print facilities, workspaces, and business processes.
  • Incorporating sustainability attributes into investment analysis.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Hurricanes
  • Wildfires
  • Winter storms
  • Tornadoes
  • Floods
Transition Risks
  • Changes to policies, regulations, and public perception
Opportunities
  • Investment in renewable energy projects (e.g., SunZia)

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001 (several AmTrust International entities)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Insurance Business America 5-Star DEI Award
  • NABR 2023 Best and Brightest Companies in Wellness
  • Forbes America’s Largest Private Companies List (#100)