Greenlight Reinsurance Ireland, Designated Activity Company
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
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
- Governance
- Diversity, Equity and Inclusion
- Community
- Environmental
Environmental Achievements
- Reduced printing, leveraged cloud applications and third-party hosting to reduce datacenter processing
Social Achievements
- Offered comprehensive benefits plans and personal and professional wellness tools, including premium healthcare benefits, a flexible work policy and company-sponsored access to professional development and training seminars
- Granted scholarships to 16 eligible Caymanian students in 2021
- Maintained a Charity Committee since 2006, supporting environmental, youth and sports, arts and culture, and benevolence causes.
- Company matches employee contributions to non-profit organizations
Governance Achievements
- Maintained a Code of Ethics of Business Conduct and Ethics
- Implemented insider trading policy, share ownership and retention policy, conflicts and related party policies, and corporate governance guidelines
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
- Sustainability
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
Climate Goals & Targets
Environmental Challenges
- Elevated levels of cat activity and unusual weather events in recent years.
- Global inflation rates remain elevated.
- Exposure to the Russia Ukraine conflict and the Israel Palestine conflict.
Mitigation Strategies
- Closely monitoring cat activity and amending its appetite for natural catastrophe business to reflect market conditions and climate change developments.
- The non-renewal of the FAL book significantly reduces the Company’s exposure to climate change.
- Including in the loss and loss adjustment reserves its best estimate of losses arising from the conflicts.
- The Company’s underwriting book is skewed towards shorter tail classes and therefore the impact of inflation should be less pronounced.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- weather patterns and loss events
Reporting Standards
Frameworks Used: FRS 102, FRS 103
Third-party Assurance: Deloitte Ireland LLP