Sustainability Governance

Sustainability Governance

In the last quarter of 2020, AgeSA sustainability governance was structured under HR Deputy Directorate General. Sustainability Committee was established to determine ESG strategies, policies and targets; to develop sustainability roadmap; to conduct, monitor, audit, review, report, improve sustainability activities in line with ESG focus areas and asses the ESG risks and opportunities.

Sustainability Committee reporting to People Chief Officer meets at least six times in year to plan the actions against the improvement areas. The final decisions regarding targets, actions and the necessary investments to manage sustainability topics are made by the CEO with the necessary consent of the Board of Directors.

Competent management of our company is the driving force of success in Environmental-Social-Governance (ESG) issues. For this reason, the performance of executive positions are evaluated beyond financial targets, including targets such as sustainability, equality and operational excellence. The targets for the ESG issues given for the Board of Directors and the Executive Committee are followed through the performance system. The success of senior management regarding targets in ESG issues is guided by our remuneration policy.

The CEO scorecard include sustainability targets such as development of programs to eliminate unconscious bias on women and quotas on women candidates for leadership positions, measuring, monitoring and auditing Scope 1,2 and 3 emissions, publishing the sustainability report and adding new products to the sustainable insurance product range. In 2021 and 2022, the ESG targets in the CEO scorecard were achieved with 200% success.