Matt Blakely
VP, Corporate Responsibility and Sustainability
ESG Report Shows Legacy and Ambition
“As a life and health reinsurance company, RGA is in a long-term business with a long-term view, and sustainability is fundamental to our success,” said Anna Manning, President and Chief Executive Officer, RGA. It was with this view that RGA launched its inaugural ESG report in August 2022. The report reflects our long-standing and growing commitment to sustainability, ethical governance, community support, and diversity, equity, and inclusion (DEI).
Creating value
Our purpose – to make financial protection accessible to all – drives us not only to strive for excellence, but also to help create a more resilient and secure future. Key to our vision for sustainability is the recognition that the effective management of Environmental, Social, and Governance (ESG)-related risks and opportunities creates value for RGA’s clients, employees, stakeholders, and the communities in which RGA operates.
The Highlights of our ESG Ambition
The report sets out RGA’s achievements and goals, as well as detailed plans to track and measure progress.
Purpose-Driven Innovation
In partnership with clients around the world, RGA focused efforts on its purpose – to make financial protection accessible to all – by developing new products and solutions that improve affordability and customer value
Responsible Business Practices
Continuing its long commitment to sound corporate governance, embedded ESG factors into the company’s compensation structure and Enterprise Risk Management program
Sustainable Operations
Pledged to reduce or offset emissions from our facilities and the energy that RGA purchases to net zero by the end of 2026
Sustainable Investments
Established carbon intensity reduction targets for its public corporate bond portfolio and a renewed commitment to increasing investments in green and social bonds
Fostering a DEI Culture
Continued pledge to pay equity and set aspirations for diverse representation in hiring, recruiting, and promoting employees globally
Social and Community Investment
Expanded support for education, financial security, health, and longevity through the RGA Foundation and The Longer Life Foundation, and increasing support for employee philanthropy and volunteerism through matching-gift and volunteer-time-off programs
Some Facts from 2021
Purpose-driven philanthropy
Support from RGA and the RGA Foundation focuses on the education, financial security, health, and longevity of people in the communities where we live and work; contributions in 2021 exceeded U.S.$2.1M.
Climate action
We have pledged to achieve net-zero GHG emissions throughout our global operations by the end of 2026. This past year, we took further steps toward this goal by measuring our GHG emissions in alignment with the World Resources Institute’s Greenhouse Gas Protocol.
Thought leadership
For the fifth consecutive year, RGA was ranked first in thought leadership and knowledge by ceding companies on NMG Consulting’s 2021 Global Life & Health Reinsurance Study.
Responsible investment
As of December 31, 2021, RGA holds $472M in green, social, and sustainable bonds. Our investment teams consider ESG factors when making investment decisions.
Equitable pay
We have long been committed to ensuring equal pay for equal work. In 2021, women at RGA were paid 99.4% of what men were paid when comparing pay levels for similar roles. In addition, in the U.S., when using the same comparisons, the average non-Caucasian to Caucasian pay ratio was 100%. Ensuring our compensation practices are equitable – regardless of gender or race – is a core value for RGA’s culture.
In July, heavy rain led to historic flooding in parts of Missouri and Kentucky, leaving many people without their homes and businesses. To support immediate and longer-term relief efforts, the RGA Foundation pledged $50,000 to be distributed between the American Red Cross and the United Way of Greater St. Louis. Our thoughts are with our colleagues and neighbors who have been impacted.
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