Direct Line Insurance Group PLC TCFD Report and 2020 Sustainability Report (7395H)
December 07 2020 - 2:30AM
UK Regulatory
TIDMDLG
RNS Number : 7395H
Direct Line Insurance Group PLC
07 December 2020
Direct Line Group reports progress against the Environment,
Social and Corporate Governance agenda and 2021 ambitions
Today, Direct Line Group has published its first Task Force on
Climate-related Financial Disclosure (TCFD) Report and its first
Sustainability Report, setting out the progress it has made against
its Environment, Social and Corporate Governance (ESG) agenda.
Alongside this the business has also set out its focus areas for
2021 to build on this progress.
Highlights from the two reports include:
-- Became a 100% carbon neutral business by investing in high
social impact projects from 2020 onwards to offset its Scope 1, 2
and 3 emissions(1) .
-- Committed to set Science-Based Targets for Scope 1, 2 and 3
and aim to submit those to the Science-Based Targets
Initiative.
-- Progressed developing a more focused, climate-related
investment approach with a long-term goal of ensuring our entire
investment portfolio is net carbon neutral by 2050.
-- Supported over 300,000 customers with payment deferrals,
waiving cancellation fees and mileage money back.
-- Established the Community Fund which donated GBP3.5 million
to over 250 charities and good causes, helping over 200,000
people.
-- Moved the majority of its people to home working whilst
making its Accident Repair Centres Covid safe so its people can
serve customers.
Measures that the Group will focus on in 2021 include:
-- Committing a further GBP1.5 million to the Community
Fund.
-- Creating a social mobility action plan.
-- Developing a three-step strategy to significantly reduce the
Group's carbon footprint year on year.
-- I ntroducing new targets to improve BAME leadership and Black
representation by the end of 2022.
Penny James, CEO of Direct Line Group, said:
" As a business leader I am always acutely conscious of the
impact Direct Line Group's decisions can have on all our
stakeholders and never more so than this year. As we navigated the
challenges that 2020 presented, our focus was on the wellbeing of
our people, supporting our customers, contributing to society and
stepping up to tackle climate change. By publishing these reports,
we can demonstrate the progress we have made and transparency about
what more we want to achieve, as we work to be a Force for
Good.
"Next year we intend to play our part in helping the UK Build
Back Better. Part of that effort for us will be the implementation
of our new Diversity and Inclusion Strategy to make sure all our
people have the opportunity to flourish and playing our part to
protect the planet by accelerating the steps we're taking with the
clear aim of giving back more to the planet than we take out."
Notes:
1. Scope 3 emissions which are under our control.
For a copy of Direct Line Group's '2020 Sustainability Report'
and 'TCFD Report', please visit www.directlinegroup.co.uk
ENDS
For more information please contact
Paul Smith Lisa Tremble
Investor Relations Director Group Corporate Affairs and
Sustainability Director
Tel: +44 (0)1651 831756 Tel: +44 (0)1651 834211
Mobile: +44 (0)7795 811263 Mobile: +44 (0)7795 234801
Direct Line Insurance Group plc
Direct Line Group is headquartered in Bromley. Through its
number of well-known brands the Group offers a wide range of
general insurance products to consumers.
These brands include Direct Line, Churchill and Privilege. The
Group also provides insurance services for third parties through
its partnership's division, Direct Line Group Partnerships. In the
commercial sector, the Group's NIG and Direct Line for Business
operations offer insurance products for businesses distributed
through brokers or direct, respectively.
www.directlinegroup.co.uk
Follow Direct Line Group on twitter @DLGroupMedia
LEI: 213800FF2R23ALJQOP04
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END
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