Our commitment to Environmental, Social and Governance
An active consideration of ESG factors is core to our strategy, with top-down leadership and commitment to deliver on our purpose: Enabling a Resilient and Sustainable World. Our vision is to achieve market-leading returns through a sustainable approach to our community and the environment.
Environmental
Apollo is committed to a long-term sustainable approach to protecting the environment, balancing environmental considerations and social responsibility with our overall business goals.
Apollo and its managed syndicates are socially responsible Underwriters and Investors. Apollo teams are focussed upon efforts that will help clients and partners to transition to a low carbon sustainable economy.
To support the transition, we have clear underwriting controls and restrictions in place for industries that present complex challenges due to their potential impacts on climate change, biodiversity, social welfare, and other key factors, and we will not, for example, insure new coal mines.
We measure our scope 1, scope 2 and a subset of scope 3 emissions on an annual basis. Within the limit of Scope 1 and 2 Apollo are actively looking to reduce Greenhouse Gas (GHG) emissions.
Scope 1: This covers GHG emissions from sources owned or controlled by Apollo.
Scope 2: These are indirect GHG emissions from the generation of purchased or acquired electricity, steam, heating, or cooling.
Scope 3: All other indirect GHG emissions (not included in Scope 2) that occur in the value chain.
Social
Apollo is committed to fostering a diverse and inclusive workplace and continues to increase the diversity of its workforce and the inclusiveness of its culture. This approach aligns with Lloyd’s Culture principle and is embedded across recruitment, development, and colleague engagement.
We focus on improving diversity and inclusion within recruitment processes and provide inclusion training and awareness sessions for all colleagues.
Our DEI strategy is supported by an employee-led DEI Committee, which is responsible for supporting implementation of the strategy and increasing engagement and awareness across Apollo. The Committee monitors progress against DEI objectives, supports delivery of the annual DEI calendar of events, and works to improve participation in inclusion initiatives and networks.
Apollo is an active member of industry inclusion networks, including Race Equality Matters (REM), GAIN (Group for Autism, Insurance, Investment & Neurodiversity), and the Insurance Family Network (IFN). We also have our Athena network which is a women and allies internal network. These networks support our commitment to advancing inclusion across ethnicity, neurodiversity, and family and caring responsibilities within the insurance sector.
We also support the East End Community Foundation (EECF) through a multi-year partnership focused on addressing inequality, reducing digital exclusion, and improving life chances in East London, UK.
Colleague wellbeing is supported through a range of initiatives, including trained Mental Health First Aiders, hybrid working arrangements, and flexible working policies designed to support work-life balance.
Apollo provides opportunities for colleagues to engage in volunteering and community initiatives, including activities facilitated through EECF and other local organisations.
Governance
Apollo has a strong ESG Governance Structure with a focus on embedding ESG throughout the business. Apollo’s ESG Strategy is delivered through the ESG governance structure, which also provides the oversight needed to protect the business from ESG and Reputational risks.
Apollo’s Strategy is to:
Integrate sustainability related data and analytics into business processes.
Uphold Apollo’s ESG governance framework and mitigate ESG/Reputational risks.
Prepare Apollo for new regulatory and disclosure/reporting requirements.
Support the innovation of new sustainability related insurance products.