Social, Governance


We have the opportunity from Day One to embed ESG positive initiatives across our business into areas like supply chain, investment policy and community engagement. That is an exciting and key part of the Conduit Re story for us.

Neil Eckert


Driving environmental change through our corporate activity


Supporting fairness and inclusion in the workplace


Ensuring openness and transparency in the management of our business

Our Approach

Our fundamental approach is that sound ESG principles should be strongly embedded in the day-to-day life of Conduit Re. This promotes better risk management, innovation, sustainable outperformance, and community engagement.

We already have an ESG Working Group up and running, made up of board and non-board members. This will challenge convention, improve business practices over outdated norms and help build a business which is regarded as great to work for and with, great to be invested in and great to have as a community partner.

Conduit Re intends to be a carbon neutral business. In the short-term we will target a Net-Zero position through a combination of sound business practices and strategically chosen offset initiatives.

Specifically, we have set a number of actions for 2020/2021 that fall into two areas:

Company and Climate Change

  • Embed positive initiatives into our risk management and supply chain practices which promote positive change;
  • Adopt an investment strategy which embraces our ESG framework, for example investing where possible into Green Bonds and other fixed income securities which meet Conduit Re’s ESG and Investment criteria; and
  • Deploy our human capital, industry position and influence to be a force for change.

Company and community

  • Community outreach programme involved in local education, charitable activity, social enterprise and engagement with dislocated groups such as older citizens; and
  • Active internship programme with an emphasis on gender and racial diversity.

Reporting Framework

Conduit Re will regularly update all stakeholders on our ESG policies and initiatives through our website and as part of our corporate communications strategy.

We benchmark ourselves against the Principles for Sustainable Insurance (PSI), established in 2012 by the UN Environment Programme Finance Initiative (UNEP FI) to support and accelerate the insurance industry’s contribution to sustainable finance. An ESG Report will be set out in each Annual Report, this report will also be published in our Financial Documents.

  • Carbon Neutral
  • Influencing our stakeholders
  • Supporting initiatives (add links)
  • Add board and committee structures (including ESG committee)

We support ClimateWise, which is a global network of leading insurance industry organisations established to support the insurance industry to better communicate, disclose and respond to the risks and opportunities associated with climate change. It runs the Societal Resilience Programme, which publishes research to help insurers proactively respond to the widening climate risk protection gap. ClimateWise is convened by the University of Cambridge Institute for Sustainability Leadership (CISL).


The Sustainable Markets Initiative (SMI)

The Sustainable Markets Initiative (SMI) was launched by Prince Charles at The World Economic Forum 2020 Annual Meeting in Davos with a mission to kickstart bold and imaginative action across the next decade. The SMI aims to lead and accelerate the world’s transition to a sustainable future by engaging and challenging public, private and philanthropic sectors to bring economic value in harmony with social and environmental sustainability.

We are delighted to support the SMI’s Insurance Task Force, of which our Chairman Neil Eckert is a member. Chaired by Lloyd’s Chairman Bruce Carnegie-Brown the taskforce includes representatives from AIG, Allianz, Amwins Group , Aon, Aon’s Reinsurance Solutions, Ascot, AXA XL, a division of AXA, Beazley, Conduit Re, Direct Line Group, Hiscox, Howden, Legal & General, Lloyd’s, Marsh McLennan, Munich Re (Group), Phoenix and Tokio Marine Kiln.


UN Principles

Conduit commits to upholding the UN Environment Programme Finance Initiative’s (UNEP FI) Principles for Sustainable Insurance (PSI). The Principles serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities.

The four Principles for Sustainable Insurance are:

  1. We will embed in our decision-making, environmental, social and governance issues relevant to our insurance business.
  2. We will work together with our clients and business partners to raise awareness of environmental, social and governance issues, manage risk and develop solutions.
  3. We will work together with governments, regulators and other key stakeholders to promote widespread action across society on environmental, social and governance issues.
  4. We will demonstrate accountability and transparency in regularly disclosing publicly our progress in implementing the Principles.