This report includes American International Group Inc.’s approach to measuring and managing performance of its key ESG focus areas for fiscal year 2021 (January 1 – December 31, 2021) unless otherwise stated in the report. In this report, unless otherwise mentioned or unless the context indicates otherwise, we use the terms “AIG,” the “Company,” “we,” “us” and “our” to refer to American International Group, Inc., a Delaware corporation, and its consolidated subsidiaries.
As discussed elsewhere in this report, AIG is undertaking various organizational changes. On November 2, 2021, AIG and Blackstone Inc. (Blackstone) completed the acquisition by Blackstone of a 9.9 percent equity stake in Corebridge Financial, Inc. (Corebridge), formerly known as SAFG Retirement Services, Inc., which is the holding company for AIG’s Life & Retirement business. As part of the separation of the Life & Retirement business from AIG, most of AIG’s investment operations were transferred to Corebridge or its subsidiaries as of December 31, 2021, and AIG entered into a long-term asset management relationship with Blackstone to manage an initial $50 billion of Life and Retirement’s existing investment portfolio beginning in the fourth quarter of 2021. We are factoring these expected organizational changes into our ESG strategy and it will be reflected in future ESG reports.
The methodologies, assumptions and estimates used to calculate climate-related data (including GHG emissions) are still in the early stages of development and are likely to change in future periods, including as a result of regulatory or other developments. Such changes could result in changes to the data presented.
In addition, as appropriate, developments occurring in early 2022 may be referenced in this report and may be expanded upon in future reports.
To guide the content of this report, we consider external frameworks such as the Sustainability Accounting Standards Board Standards (SASB), the Task Force on Climate-Related Financial Disclosures (TCFD) framework, the Global Reporting Initiative (GRI) standards, the UN Global Compact and the UN Sustainable Development Goals. SASB, TCFD, GRI and UN Global Compact indices are provided in Appendix A, B, C and D, respectively.
We include sustainability information in our investor communications, and additional information about AIG’s operations and financial statements is available in our 2021 Annual Report on Form 10-K. For a high-level overview of AIG’s sustainability, visit https://www.aig.com/about-us/sustainability. Send questions, comments or feedback to sustainability@aig.com.