IntroductionWe are committed to conducting business in a responsible and sustainable manner that creates long-term value for society, clients, employees and shareholders.
By embedding environmental, socialy and governance (ESG) practices into business strategy and decision-making, we create value by driving innovation, expanding our value proposition, and deepening relationships with stakeholders.
We recognise that ESG factors can impact the long-term success of our business and the well-being of our stakeholders. By adopting responsible business practices and helping our clients manage their climate risks, we aim to create sustainable value for all stakeholders and contribute to a more sustainable future.
ESG at CelsiusPro
Environmental
We are committed to minimizing our environmental impact by: * Reducing our carbon footprint by avoiding unnecessary business travel, minimizing energy consumption and digitization.
* Reducing waste by promoting waste reduction through reducing printouts, discouraging single-use goods and promoting sharing culture.
* Volunteering in the development of open-source software on weather and climate risks.
Environmental
As an organisation that helps clients worldwide to mitigate the effects of extreme weather and natural catastrophes, the environmental dimension is embedded in our DNA.
* We are committed to serving corporates in the financial sector and the real economy to understand and mitigate the financial impact of climate risks.
* We help clients understand their exposure to climate risks and develop strategies to manage these risks.
* We support companies to identify and seize opportunities brought about by climate change.
* We support markets to transition into a sustainable future by advising market participants on how to disclose climate-related financial risks.
Governance
We are committed to maintaining high standards of corporate governance by:
* Promoting open conversation, accountability, and a fair working culture.
* Ensuring transparency and accountability in all our business operations.
* Upholding ethical business practices and integrity in all dealings with stakeholders.
Social
We are committed to promoting social well-being and human rights by:
* Upholding fair labour practices and working conditions for our employees, including hybrid (remote) working, flexible working hours and part-time working
* Promoting a diverse, equitable, and inclusive workplace that values and respects all employees, regardless of their background, race, gender, religion, and sexual orientation,
* Supporting social development through membership and volunteering in NGOs and foundations that promote sustainability, financial inclusion, climate resilience and social integrity.
* Participating in industry wide associations, forums and events to further promote means and tools to live with the effects of climate change.
ESG in business lines
Social
Our extensive work in countries eligible for official development assistance (ODA) proves our commitment to social causes.
* We recognize climate change is a systemic issue, affecting all business sectors and geographies. We develop solutions for governments, financial institutions, farmers and micro-, small-, and medium-size enterprises (MSME) from developing countries in Africa, Asia, and Latin America.
* Nevertheless, some sectors of society are more exposed and vulnerable to climate change than others. Our Climate Resilience Solutions team helps to develop financial instruments in order to strengthen the resilience of poor and vulnerable communities against environmental and financial shocks.
* We provide support to development organizations, NGOs, foundations, and philanthropic organizations to reach their social and development goals.
Governance
We endorse good governance through our parametric insurance products and consulting services.
* Transparency, efficiency, and inclusivity are the basis of parametric insurance, the promotion of which is at the core of our business.
* Through our Climate Risks and Insights Solutions team, we help companies to prepare reports and share transparently their climate risks according to the TCFD framework, and also report their climate risk management practices.
Responsibilities and Enforcement
All our employees are responsible for upholding CelsiusPro’s ESG policy, and integrating ESG considerations into their daily work.
The ESG Committee, consisting of senior management representatives, is responsible for overseeing the implementation of the ESG policy, monitoring progress, and reporting to the Board of Directors. The Board of Directors is responsible for ensuring that the ESG policy aligns with the company's overall strategy and objectives and for overseeing ESG-related risks and opportunities.
Communication and reporting
We are committed to implementing this ESG policy in all aspects internally and in our business, as well as continuously improving our ESG performance. We will measure and transparently disclose our ESG performance, including our targets and progress to stakeholders.