Sustainability: Cattolica’s commitment is recognised by CDP and Standard Ethics
Score of B- for the CDP - Climate Change programme. “EE-” rating confirmed after major corporate changes
Verona, 24 January 2022. Cattolica Assicurazioni's commitment to CSR has received two prestigious endorsements: from CDP (the Carbon Disclosure Project) and Standard Ethics. CDP, an international non-profit organisation, announced on December 7 that it had given the Company a score of B- for the CDP - Climate Change programme. Standard Ethics, meanwhile, has confirmed the insurance company's “EE-” corporate rating. This double seal of approval attests to the validity of the CSR strategy undertaken by Cattolica under the guidance of CEO Carlo Ferraresi.
The aim of the CDP - Climate Change programme is to reduce companies’ greenhouse gas emissions and mitigate climate change risks. Each year, the largest listed companies in Italy and worldwide are invited to fill in a questionnaire that shows their level of commitment and any policies adopted in this area.
Among the 13,000 companies that responded to the questionnaire in 2021 (divided into Climate Change, Forests and Water Security sections), Cattolica obtained a score of B- for its first disclosure in the Climate Change area. This result demonstrates the Company's increasing attention to environmental issues and the quality of its route towards effective and responsible management of sustainability issues.
After last year’s upgrade from “E+” to “EE-”, Standard Ethics confirmed Cattolica’s “EE-” rating in its final report, pointing out that in the last two years, the Company has undergone significant corporate changes while maintaining ongoing dialogue with stakeholders, regulators, trade unions and the market.
According to the agency, this transformation has also produced changes in the Company’s corporate governance and shareholding structure, with significant measures implemented in many ESG areas that have resulted, amongst other things, in the launch of an ESG committee - with a guidance and coordination role - and a Risk Management Framework. As well as dealing with risks related to sustainability, the Framework introduces new organisational guidelines that seem consistent with UN, OECD and European Union voluntary recommendations.
Standard Ethics also points out that the changes at the Company have also involved senior management, including the Board of Directors, which, as well as achieving gender equality, seems to be reflecting new diversity criteria.