Sustainability

Future-Proofing Communities

We believe a commitment to sustainability helps future-proof communities by addressing societal and environmental factors, while enabling economic progress. Building on our expertise and capabilities in managing risks of many kinds, we can facilitate, design and drive innovative solutions to help clients and partners adapt to our changing world. Our four sustainability priorities align with our core business strategy and include community resilience, financial security, sustainable investing and sustainable operations. 

Climate change

AIG recognizes the impact of climate change on its business and global communities and is committed to playing a role in addressing these challenges. We also acknowledge that climate change is a complex issue and that the world cannot currently meet its energy needs through purely green technologies. 

AIG is well positioned to leverage its global risk and industry expertise to help mitigate greenhouse gas emissions and navigate climate change risks and opportunities in its engagement with clients, policyholders and other stakeholders. As a global insurer, AIG is committed to protecting communities and individuals as they face this challenge.

Our philosophy

No two risks are the same. Each risk is unique and different industries and businesses have different risk appetites.  The role of insurance in risk mitigation and underwriting is an opportunity to apply our technical expertise to help manage today’s risks while supporting solutions to pressing societal problems. No two investments are the same. Each investment opportunity presents unique risks and rewards that we carefully analyze. We take these responsibilities very seriously.

Given the complexity of these issues, AIG does not publicly comment on underwriting decisions related to specific projects or specific investments. We are committed to promoting economic growth and sustainable solutions that benefit society today and for future generations.

A Message from Our Chief Executive Officer

“I believe that a continued commitment to sustainability can deliver long-term value to our company, our stakeholders and our global community.”

- Brian Duperreault

A Message from Our Chief Sustainability Officer

“AIG has developed a unified sustainability approach that supports our business and addresses expectations from our stakeholders. Combating climate change is at the top of that agenda. We use our risk expertise to help our clients and partners navigate their green transition in a safe and minimally disruptive manner and remain committed to reducing our global footprint”

- Jennifer Waldner

Sustainability Governance

Developing a robust governance framework and maintaining transparency with our stakeholders are important components of AIG's continued commitment to sustainability. To demonstrate our commitment, in 2019, we announced the appointment of our first Chief Sustainability Officer, to lead the development and implementation of a company-wide sustainability strategy, including our climate strategy.

To drive integration and advancement of sustainability and climate initiatives into all lines of business, cross-functional teams and working groups have been established. These consist of representatives from the Sustainability Office and every major business unit and functional area. Each working group is sponsored by a member of AIG’s Executive Leadership Team to cascade the tone at the top throughout the entire organization. The Sustainability Office is responsible for driving cooperation and alignment among these working groups. 

Sustainability Working Groups

Sustainability Integration Team

Drive sustainability initiatives within their respective areas, as well as influence and mobilize the execution of  AIG’s sustainability strategy across the organization.

Climate Change Working Group

Address business implications, risks and opportunities related to climate and support the development and execution of AIG’s climate change strategy. 

ERM Sustainability Group

Align ERM and AIG’s sustainability efforts by identifying and assessing environmental (including climate-related), social and governance risks within AIG’s enterprise risk management framework. 

ESG Investments Working Group

Align efforts across all investment functions by sharing education, research and data, as well as creating working principles and assessing ESG. 

Employee Sustainability Network

Provide an opportunity for employees to get involved in sustainability initiatives on a more local, grassroots level, while also helping advance AIG’s sustainability agenda. 

TCFD Reporting

AIG issues its Task Force on Climate-related Financial Disclosures (TCFD) report to provide greater transparency into our sustainability strategy and to align reporting activities with industry standards. 

Click here to read our previous 2018 TCFD Report

2019 at a Glance

More Resources

Microinsurance

AIG is a proud member of Blue Marble, a consortium of eight companies that collaborate to provide commercially viable insurance protection to the underserved in parts of the world that are especially vulnerable to the financial impacts of climate risk. 

Diversity, Equity and Inclusion

At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for an innovative workplace that leads to growth and profitability.

 

Community

AIG recognizes that operating as a responsible corporate citizen is central to our success as a business.