Reinsurance Group of America

The financial institution discloses its lobbying expenditures. The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. The financial institution links performance criteria for remuneration at the senior executive level to specific sustainability targets. The financial institution has a publicly available policy statement committing it to respect human rights. The financial institution monitors its scope 1-2 emissions.

The institution discloses statements committing to respect the ILO’s fundamental rights at work but could strengthen this language to formalise the commitment in a policy document. It expects suppliers to uphold these rights as well. Anti-bribery and anti-corruption clauses are included in contracts, yet consequences for breaches are not specified. While material sustainability impacts are identified, further detail on the process and criteria for prioritisation across the value chain is needed. Monitoring of other scope 3 categories is recommended. The methodology for carbon footprint calculation is partially detailed, but a comprehensive breakdown of emissions coverage, data types, sources, and standards is necessary. Disclosure of client and beneficiary breakdown by income group is also recommended.

The risk assessment process addresses some ILO rights but should encompass the full set, along with a process for mitigating identified risks. Additionally, a process for identifying social risks related to the net zero transition is recommended. The institution should provide an example of conclusions and actions taken regarding at least one salient human rights issue from assessment processes in the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.