ESG & Sustainability
Building value sustainably
Enstar is working towards creating a more sustainable future for our people, communities, and the environment.
Physical risks
Arise from weather-related events, such as floods and storms, which may impact our operations, investments or contracts.
Transition risks
Include financial risks deriving from the transition to a lower-carbon economy, and include the potential for swift, adverse repricing of carbon-intensive financial assets.
Liability risks
Include third-party exposures such as claimants who have suffered climate-related losses and damage and seek compensation.
We manage these risks through strong governance, the integration of climate risks into our risk management frameworks and undertaking annual scenario analysis exercises that help us understand and quantify how these risks may impact our business.
In addition, we measure and monitor our own Scope 1, 2 and 3 GHG Emissions and work to minimise our operational carbon footprint.
Supporting a diverse, equitable and inclusive environment that helps us attract, retain and engage the best talent in the market.
Enstar is committed to attracting, developing and retaining a highly skilled and engaged workforce. We continue to strengthen programmes that support talent development, recognition and wellbeing.
Employee Engagement
Employee engagement is critical to the success of our business. Our annual Employee Engagement Survey results continue to outperform the market, highlighting the progress we’re making in strengthening employee engagement. Our consistently high engagement scores are endorsed by People Insight (an employee experience platform) and reflect our positive culture, and ability to act on feedback to deliver meaningful results for our people.
Workplace Wellbeing and Inclusion
Employee wellbeing is a core priority for Enstar. Supporting the health and wellness of our people is essential to sustaining performance and long-term success.
We are also committed to providing a diverse and inclusive environment, as we believe that diversity of thought makes us a better, more innovative company. Collaboration, trust, respect and integrity underpin our culture and sets Enstar apart from our competitors.
Improving the sustainable impact of Enstar’s investment activities.
Our investment objective
To obtain attractive, risk-adjusted investment returns, consistent with the preservation of capital, liquidity and prudent diversification of portfolio assets, while operating within the constraints imposed upon a global regulated re/insurance company.
Our responsible investment goal
To assess and monitor the impact of ESG-related exposures in our existing portfolio and prospective investments.
To monitor the ESG exposures and characteristics of our investment portfolio, we have established an ESG Investment Risk Framework, including climate-relevant sector limits in our investment portfolio monitoring.
We have a minimum average ESG rating of BBB- for Enstar’s Corporate Bond securities, and a target for the GHG scope 1-2 emissions intensity for Enstar’s Corporate Bond and Public Equity positions, which is not to exceed the weighted average carbon emissions intensity score of applicable benchmark indices.