Achmea is an insurance company providing financial services and products to a diversified client base that includes customers, small businesses, listed companies, and government organisations. The insurance products of Achmea consist of Health, Life, and Non-life insurances, Income Protection insurance products, and pensions. It was founded when a group of farmers joined their forces in 1811 to withstand disasters. Achmea is based in Zeist, the Netherlands, and currently has 16,824 employees. Achmea operates via different brands both in the Netherlands and abroad (Turkey, Greece, Slovakia, Australia, and Canada).
As a member of the Glasgow Financial Alliance for Net Zero, Achmea has set a target of net-zero financed emissions by 2050. As a member of Climate Action 100+, the financial institution discloses that it collectively engages with its clients on the topic of climate change. As a signatory to the Finance for Biodiversity Pledge, Achmea is committed to minimising its negative impacts on nature and biodiversity. In addition, the financial institution discloses nature- and biodiversity-related impacts as one of its engagement topics/priorities with companies to which it provides financial services. The financial institution also provides evidence that it collectively engages with companies to which it provides financial services on the topic of their nature- and biodiversity-related impacts.
In terms of its approach to senior leadership accountability, there is no evidence that Achmea links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that the financial institution is committed to gender equality and women’s empowerment. Achmea has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to disclose an engagement policy that includes clear frameworks with success criteria and escalation points.
Achmea could disclose interim emissions reduction targets at the group level, such as a 45% reduction in financed emissions by 2030. The financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. There is no evidence that the financial institution discloses its financing activities devoted to climate solutions.
There is no evidence that Achmea has a publicly available policy statement committing it to respect human rights laid out in the UNGPs and the ILO declaration on fundamental rights at work. In addition, the financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. There is no evidence that the financial institution discloses the proportion of its total direct operations workforce for each employee category by age group. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises or low-income developing countries.
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Revenue: EUR 21.23 billion; Total assets: EUR 89.5 billion