Dutch NGO coalition: Achmea in top three most sustainable insurers with its investments
Achmea ranks within the top three of the most sustainable insurance companies in the Netherlands, looking at the group’s investment policies. This was announced today by ‘De Eerlijke Verzekeringswijzer’ (Fair Insurance Guide), published by a broad coalition of well-known Dutch non-governmental organisations. Achmea performs especially well on the topics of Nature, Health and Labour conditions. When it comes to transparency and responsibility Achmea also performs at top-level. Dutch life insurers asr and Vivat are also in the top three.
The Fair Insurance Guide is compiled by a coalition of NGO’s consisting of Amnesty International, Dutch labour union FNV, Friends of the Earth Netherlands, Oxfam Novib, PAX and World Animal Protection. Research by the Fair Insurance Guide shows to what extent insurance companies contribute to social justice and a more sustainable world through their investments. Its aim is to make the investment policies of insurance companies more sustainable and to have their investments and business operations align with that policy. By means of their (financial) influence, insurance companies can promote the contribution to a more sustainable and socially just world by the companies they invest in.
Liesbeth van der Kruit, Director of CSR at Achmea: “As a cooperative insurer, Achmea has a natural focus on the long-term interests of all stakeholders. Clearly, sustainability is of the utmost importance to us. Corporate social responsibility is the foundation beneath our activities as well as our strategy. It is commendable to see that Achmea has shown an improvement on 10 of the 21 items that make up the Fair Insurance Guide. In spite of this strong performance, we see further room to reach an even better and even more sustainable investment policy as well as more sustainable ways of working. In the coming period, we will work hard to achieve this.”
Established in 1811, today Achmea is the largest insurance group in the Netherlands. In its home market, Achmea is market leader in non-life and health insurance. Gross written premiums for the group totalled approximately 20 billion euros over 2017, while the group’s solvency ratio remained strong at 184%. The group also offers income protection insurance, life insurance, pensions services and mortgages. Asset manager Achmea Investment Management, oversees over 120 billion euros in assets under management. Internationally, Achmea is active in Turkey, Greece, Ireland, Australia, Slovakia and Canada. Each insurer has deep understanding of its local market and customers.