Ardonagh Group Holdings Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:8314 tCO2e/year (2023)
Scope 1 Emissions:186 tCO2e/year (2023)
Scope 2 Emissions:1434 tCO2e/year (2023)
Scope 3 Emissions:6694 tCO2e/year (2023)
Total Energy Consumption:14,750,566 kWh/year (2023)
Carbon Intensity:0.249 kgCO2e/FTE (Scope 1 & 2, UK & Ireland)
ESG Focus Areas
- Climate Change
- Employee Welfare
- Community Wellbeing
- Innovation
- Ethical Conduct
Environmental Achievements
- 16% reduction in UK properties Energy consumption
- Transitioned five UK offices and all Ireland offices to green energy tariff
- Reduced Scope 1 and 2 emissions by cutting down energy consumption in offices and moving to green tariffs. Gas emissions in scope 1 were down 42% and electricity in scope 2 (market-based) has reduced by 21%
- One Ardonagh Retail office in Trentham, UK, completely removed gas from the premises.
- MDS Brazil received the highest level of green building certification from the USGBC
Social Achievements
- Launched employee-led Sustainability Champions forum
- Launched Carbon Literacy Training programme (received Bronze award from Carbon Literacy Organisation)
- Launched Women in Leadership programme
- Launched mentoring programme (115 mentees, 900 hours of conversations)
- Welcomed first cohort of Ardonagh graduates
- Piloted internship programme (47 interns)
- Employee engagement score rose from 7.5 to 7.7 (on a scale of 1–10), favourable responses rose 3% to 84%
- ACT (Ardonagh Community Trust) raised over £730,000 for charitable causes, with 40% of grants going to causes outside the UK
- 2,800 volunteering hours logged (65% increase from 2022)
- Over 6,200 items donated to charities in Give Back event
- Towergate Health and Protection retained Gold in IIC for customer experience
Governance Achievements
- Launched ESG Policy to define key principles and responsibilities
- Completed a thorough climate-related risks and opportunities assessment aligned with the TCFD framework
- Published first UN Principles for Sustainable Insurance (UN PSI) disclosure
- Zero incidences of bribery, corruption and anti-competitive practices and zero monetary losses
Climate Goals & Targets
Long-term Goals:
- Net Zero by 2050
Medium-term Goals:
- Net Zero by 2050
Short-term Goals:
- Reduce carbon emissions (specific targets not detailed)
Environmental Challenges
- Supply chain disruptions
- Increased Scope 3 emissions due to business travel and M&A activity
- Industry-wide gender pay gap
Mitigation Strategies
- Developing alternative sourcing strategies
- Working with platforms to find alternative ways of working to reduce carbon emissions
- Encouraging platforms to reduce travel and find alternative solutions
- Implementing long-term initiatives to address gender inequality, including measures to support the attraction, development and retention of female talent
Supply Chain Management
Responsible Procurement
- ESG protocol included in policies and processes
Climate-Related Risks & Opportunities
Physical Risks
- Acute extreme weather events
- Chronic shifts in climate patterns
Transition Risks
- Policy & Legal changes
- Market shifts
- Reputational risks
- Technological disruptions
Opportunities
- Development of energy-efficient products and services
- Growth in parametric insurance
Reporting Standards
Frameworks Used: TCFD, SECR, CFD, UN PSI
Certifications: Bronze award from the Carbon Literacy Project
Sustainable Products & Innovation
- Parametric insurance solutions
Awards & Recognition
- Bronze award from the Carbon Literacy Project
- Gold Award from IIC for Towergate Health & Protection