Protective Life Corporation

Climate Impact & Sustainability Data (2020, 2023)

15 percent reduction in electricity from 2014 to 2019 in the Birmingham corporate office; project to replace lighting with LED bulbs featuring advanced lighting controls; office renovations focused on sunlight and automated shades; energy-efficient heating and air system; environmentally-friendly plumbing fixtures and paint.

Raised minimum wage to $17.50 (141% higher than the 2020 federal minimum wage); offered all employees 80 hours of additional paid leave for COVID-related issues; launched a “My Stories” blog campaign to increase employee understanding of diverse backgrounds; launched a women’s networking pilot program; more than 600 leaders completed virtual Inclusive Leader Training; $1 million gift to The University of Alabama Culverhouse College of Business to attract underrepresented students; increase in female interns by 18% and people of color interns by 22% from 2019-2020; $663M total VITAL spending with diverse companies.
Provided emergency childcare services for essential workers in partnership with the YMCA of Greater Birmingham

Annual acknowledgement of the Code of Business Conduct from every employee; integration of ESG factors into due diligence, monitoring and investment decision-making process; establishment of a Sustainability Task Force

COVID-19 pandemic impacting operations and employee well-being; need to adapt to remote work; challenges in maintaining community engagement during lockdowns; reducing environmental footprint

Shifted 95% of workforce to temporary remote work; offered additional paid leave for COVID-related issues; hosted weekly virtual visits for employees; hosted virtual All Company Town Hall meetings; implemented virtual volunteer opportunities; continued investment in energy saving efforts and sustainable office practices; developed and managed weekly reporting and data analysis of relief activities during the pandemic in Birmingham; collaborated with other organizations to establish a collaborative funding group

Total Carbon Emissions:6945.7 tCO2e/year

Scope 1 Emissions:561.88 tCO2e/year

Scope 2 Emissions:6383.8 tCO2e/year (location-based), 0 tCO2e/year (market-based)

Renewable Energy Share:100% (Birmingham HQ)

Total Energy Consumption:16,000,000 kWh/year (Birmingham HQ, offset by renewable energy credits)

Waste Generated:112.27 tons/year

Measured direct emissions from sources owned or controlled by the company (Scope 1)
Measured indirect emissions from purchased electricity, steam, heat, and cooling (Scope 2)
20% reduction of electricity usage 2019-2023
112.27 tons of recycling in 2023
36,000 single-use cups kept from landfill (annual)

Launched Inclusion and Belonging for All Training
Added 415 new Growth Network members
Disbursed $4.5M through Protective Life Foundation
Awarded $1.08 million to teammates who completed health-related tasks through ProHealth Rewards
Provided access to various wellbeing programs such as EAP, Calm, Maven, Livongo, and Teladoc Health

Enhanced governance by developing Sustainability Governance Framework, Sustainable Investments Framework, and Supplier Code of Conduct
Launched program to track the spending of the suppliers and subcontractors used by our vendors
Implemented a Supplier Code of Conduct

Cyberattacks in the insurance industry are expected to grow as companies expand digital capabilities and product offerings
Intensifying impacts of climate change on assets, securities, investments and supply chains
Transition risks posed by shifting away from carbon-intensive energy sources

Refined information and cybersecurity governance structure, implementing working groups
Held a ransomware tabletop exercise with executive leadership
Addressing climate risk exposure at the ERM level and discussed at meetings of the ERMC
Continuously refine our climate risk management program by monitoring industry best practices
Transitioning to a cloud environment to reduce carbon emissions from facilities