Our purpose of helping households save money has never been more important and as a company committed to sustainability, we embrace the responsibility to lead by example in fostering a greener, more environmentally conscious future.
Sustainability is a long-term commitment for MONY roup. We are dedicated to building a sustainable future while delivering value for households and communities.
More information about each of the pillars can be found on our Environment, Social and Governance pages
The Board holds ultimate accountability for overseeing the Group’s risks and opportunities, including those related to climate change. It receives regular updates from management and the Risk and Sustainability Committee on environmental and climate-related matters and reviews the risks and opportunities arising from climaterelated change at least three times a year.
Assurance of climate-related measurement and reporting
We continue to operate the internal processes we introduced in 2022, to include the peer review of data submitted to our external partner which helps us to produce our carbon footprint to ensure its accuracy, traceability and completeness.
Management’s role in assessing and managing climate-related risks and opportunities
The Group General Counsel and Company Secretary plays a central role in driving our climate change agenda, ensuring our environmental ambitions and commitments are communicated across the organisation. This includes working with the Green Team, Executives, senior management and the Board, to explore ways to reduce waste, lower carbon footprint and raise awareness of climate-related risks and opportunities.
In 2023, our organisation took a significant step towards global corporate responsibility and sustainable business practices by becoming a signatory of the United Nations Global Compact. Embracing the principles of the Compact, we committed to aligning our operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. This decision not only reflects our commitment to upholding fundamental values but also positions us as a responsible business actively contributing to the achievement of the Sustainable Development Goals. As a signatory, we look forward to collaborating with like-minded entities, sharing best practices and collectively working towards a sustainable future for all.
Our Company has received commendation from the Science Based Targets initiative (‘SBTi’) for our ambitious environmental commitments. The SBTi’s Target Validation team has rigorously assessed and classified our Scope 1 and 2 target ambition, affirming its alignment with a 1.5°C trajectory. This recognition underscores our dedication to combating climate change and marks a significant milestone in our journey towards a sustainable future. We are proud to be at the forefront of climate action, driving positive change through our robust and impactful environmental targets.
Our Climate Transition Plan was reviewed and approved by the Board in December 2024.