exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
Corporate Governance Guidelines
Executive-level responsibility for
102-20 General Disclosures economic, environmental, and Chief Financial Officer
social topics
Consulting stakeholders on
102-21 General Disclosures economic, environmental, and 2022 Proxy Statement: Other Board and Corporate Governance Matters Page 12
social topics
Composition of the highest
Compensation Committee Charter
102-22 General Disclosures governance body and its
2022 Proxy Statement: Corporate Governance and Director Compensation Page 9
committees
Chair of the highest governance 2021 Form 10-K: part III. Item 10. Directors, Executive Officers, and Corporate
102-23 General Disclosures
body Governance , Board of Directors
2022 Proxy Statement: Board Leadership Structure and Committee Me
Keyword: governance
highest governance body
Corporate Governance Guidelines
2022 Proxy Statement: Audit Committee and Related Person Transaction Approval
102-25 General Disclosures Conflicts of interest Policy Page 12-13
Corporate Governance Guidelines
Role of highest governance
Governance
102-26 General Disclosures body in setting purpose, values
Corporate Governance Guidelines
and strategy
2021 Form 10-K: part III. Item 10. Directors, Executive Officers, and Corporate
Collective knowledge of highest Governance
102-27 General Disclosures
governance body Governance
Corporate Governance Guidelines
Evaluating the highest
102-28 General Disclosures Compensation Committee Charter
governance body performance 5577Our ESG Sustainability
Governance People Planet AAppppeennddiixx / 2022
Keyword: governance
Governance
Review of economic,
102-31 General Disclosures 2022 Proxy Statement: Environmental, Social, and Governance Matters Page 10
environmental and social topics
Fastenal Investor Relations; Contact Us
Highest governance body role
102-32 General Disclosures Corporate Governance Guidelines
in sustainability reporting
About This Report
Fastenal Investor Relations; Contact Us
Communicating critical
102-33 General Disclosures Corporate Governance Guidelines
concerns
About This Report
Stakeholder Engagement
102-40 General Disclosures List of stakeholder groups About This Report
Welcome to Our Inaugural ESG Report
102-44 General Disclosures Key topics and concerns raised
Table of Contents
Reporting Practices
Entities included in the
2021 Form 10-K: par
Keyword: governance
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
Economic Performance
Direct economic value
201-1 Economic Performance 2021 Form 10-K: part II. Item 8. Financial Statements and Supplementary Data.
generated and distributed
Energy
Energy consumption within the
302-1 Energy Planet: GHG management, Energy Use and consumption; CDP report
organization
Energy consumption outside of
302-2 Energy Planet: GHG management, Energy Use and consumption; CDP report
the organization
302-3 Energy Energy intensity Planet: GHG management, Energy Use and consumption; CDP report
Reduction of energy
302-4 Energy Planet: GHG management, Energy Use and consump
Keyword: governance
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
Occupational Health and Safety
Occupational health and safety ISO 45001:2018 Certificate
403-1 Occupational Health and Safety
management system People (Social): Health & Safety
Hazard identification, risk
403-2 Occupational Health and Safety assessment, and incident People (Social): Health & Safety
investigation
403-3 Occupational Health and Safety Occupational health services People (Social): Health & Safety
Worker participation,
consultation, and
403-4 Occupational Health and Safety People (Social): Health & Safety
communication on occupational
health and safety
Worker training on occup
Keyword: governance
Diversity of governance bodies
405-1 Diversity and Equal Opportunity EEO-1 data; People
and employees
Child Labor
Operations and suppliers at
408-1 Child Labor significant risk for incidents of Supplier Code of Conduct
child labor
6600Our ESG Sustainability
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
Forced or Compulsory Labor
Operations and suppliers at
409-1 Forced or Compulsory Labor significant risk for incidents of Supplier Code of Conduct
forced or compulsory labor
Local Communities
Operations with local
community engagement,
413-1 Local Communities Community Engagement
impact assessments, and
development programs
Operations with signific
Keyword: governance
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
SASB Index
The Sustainability Accounting Standards Board (SASB) has developed standards for businesses to identify, manage and report on sustainability
topics to meets investor needs. This table references the Consumer Goods sector Multiline and Specialty Retailers & Distributors industry
standards, with links to where the relevant information can be found in our ESG report or in other public documents.
Topic SASB Accounting Metric Category Code Fastenal 2021 Disclosure
SASB Multiline and Specialty Retailers & Distributors Standard
2,442,898 GJ
Total Energy Consumed Quantitative CG-MR-130
Keyword: governance
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
TCFD Index
The Task Force on Climate-related Financial Disclosures (TCFD) has developed voluntary, consistent climate-related financial risk disclosures for use
by companies in providing information to stakeholders. A summary of our response to the TCFD-recommended disclosures is below, with references to
where this information can be found in either this report or in other public documents.
Disclosure Answer Reference
The Chair of the Board has responsibility for climate-related issues. All directives for the agenda of board meetings are led by the
chair of the board. The topic of ESG, i
Keyword: governance
and Corporate Governance Committee Chair serves as a liaison to the ESG department and proposes climate-related topics to be
2022 CDP Section C1
included on the board meeting agenda a minimum of twice per year.
Governance 2022 ESG Report pg 8
2022 Proxy pg 5-12
Management involved in climate-related risks and opportunities includes the Chief Financial Officer, Internal Audit Manager, Corporate
EHS and Sustainability Director, Director of Supply Chain Compliance, and Vice President of Contract Development and Support.
Further details are available in our 2022 CDP Report.
Risks and opportunities are detailed in the 2022 CDP Report, 2022 ESG Report, and 2022 Proxy statement. Examples of risks include
inclement weather disrupting supply chains and transportation netwo
Keyword: governance
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
SDG Index
We recognize the importance of the United Nations 2030 Agenda for Sustainable Development. The UN Sustainable Development Goals (SDGs)
call on governments, businesses and civil society organizations to address the most urgent problems facing our world today. The goals urge all
sectors of society to drive greater participation and leadership, and to invest more resources into solutions that reduce inequality and tackle the
escalating climate emergency.
Fastenal supports the 17 United Nations SDGs; however, we believe we contribute the greatest impact in support of the five SDGs l
Keyword: governance
Governance People Planet AAppppeennddiixx / 2022 ESG Report
Journey Solutions
Forward Looking About This
GRI Index SASB Index TCFD Index SDG Index
Statements Report
UN SDG SDG Target Fastenal Indicators
Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure,
including regional and transborder infrastructure, to support economic
development and human well-being, with a focus on affordable and equitable
access for all
Target 9.2: Promote inclusive and sustainable industrialization and, by 2030,
significantly raise industry’s share of employment and gross domestic product,
in line with national circumstances, and double its share in least developed
countries Sustainability Solutions
Industry, Innovation, and Infrastructure
Targe
Keyword: bribe
Incidents of bribery, corruption, and anti-competitive behavior can expose the Company and its
Business Ethics and
employees to fines, penalties, and other sanctions, as well as reputational damage that may have
Compliance
a lasting impact on trust and confidence in the Company.
Our clients, employees, and other stakeholders expect us to protect their privacy and take
Cybersecurity and
reasonable measures to ensure the security of all the data we collect, store, or process.
Data Privacy
13 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORT
DNA
SKSIR
ETAMILC
DNA
ECROFKROW
DNA
YCNERAPSNART
SETINUTROPPO
YTINUMMOC
YTILIBATNUOCCA
Relevant ESG Topics
In 2023, Everest undertook a project to benchmark our performance on ESG objectives against
those of our most c
Keyword: bribe
• Conduct due diligence on our outsourcing partners on anti-bribery, corruption, and money
laundering. long-term lending to commercial banks and non-bank financial
• Consider the ESG policies of insureds as part of our screening process for providing D&O institutions over the next six years. The agreement will support
coverage. economic growth, job creation, and poverty reduction and increase
• Consider insureds’ culture and worker satisfaction before providing coverage. lending to women-owned businesses.
Board Oversight
Our Board actively oversees our management of risks, including climate-related risks, and how we IFC’s Managed Co-Lending Portfolio Program (MCPP) “is a great example
incorporate considerations related to severe weather (including how climate change affects the
of IFC’s proven ability to m
Keyword: bribe
48 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTMoney Laundering and Sanctions Programs Bribery
Under a variety of United States and other international laws, including the Bank Secrecy Act, the Everest does not permit our staff or resources to be used for any purposes that contravene the
Foreign Corrupt Practices Act, and other laws that address money laundering, the Company and its laws, rules, and regulations of any country. Nor do we permit improper payments of any sort to be
officers are prohibited from knowingly laundering money (i.e., concealing an unlawful or illicit source made to any governmental, political, labor, or businessperson or organization. Gifts of insubstantial
of funds) and are required to report suspicious activities indicating an attempt to launder money. value to minor government officials of foreign countrie
Keyword: corruption
Incidents of bribery, corruption, and anti-competitive behavior can expose the Company and its
Business Ethics and
employees to fines, penalties, and other sanctions, as well as reputational damage that may have
Compliance
a lasting impact on trust and confidence in the Company.
Our clients, employees, and other stakeholders expect us to protect their privacy and take
Cybersecurity and
reasonable measures to ensure the security of all the data we collect, store, or process.
Data Privacy
13 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORT
DNA
SKSIR
ETAMILC
DNA
ECROFKROW
DNA
YCNERAPSNART
SETINUTROPPO
YTINUMMOC
YTILIBATNUOCCA
Relevant ESG Topics
In 2023, Everest undertook a project to benchmark our performance on ESG objectives against
those of our most comparable in
Keyword: corruption
• Conduct due diligence on our outsourcing partners on anti-bribery, corruption, and money
laundering. long-term lending to commercial banks and non-bank financial
• Consider the ESG policies of insureds as part of our screening process for providing D&O institutions over the next six years. The agreement will support
coverage. economic growth, job creation, and poverty reduction and increase
• Consider insureds’ culture and worker satisfaction before providing coverage. lending to women-owned businesses.
Board Oversight
Our Board actively oversees our management of risks, including climate-related risks, and how we IFC’s Managed Co-Lending Portfolio Program (MCPP) “is a great example
incorporate considerations related to severe weather (including how climate change affects the
of IFC’s proven ability to mobilize priv
Keyword: corruption
Everest’s policies regarding anti-corruption are communicated to all directors and employees.
approval from the Company.
Everest’s operations are assessed for risks related to corruption by our Law/Compliance Department
on an ongoing basis. Everest’s anti-corruption policies and procedures are reviewed by the Company 2. Involvement in any outside business activity is unacceptable when it interferes with a director’s,
on an annual basis. officer’s, or employee’s ability to perform the duties of their jobs.
Everest’s full Conflicts of Interest Policy is available at https://www.everestglobal.com/us-en/investor-
Conflicts of Interest
Everest’s Conflicts of Interest Policy is outlined in its Ethics Guidelines and applies to the Group relations/governance.
and its affiliates. The appearan
Keyword: corruption
11 Everest had zero corruption breaches in 2023.
48 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTMoney Laundering and Sanctions Programs Bribery
Under a variety of United States and other international laws, including the Bank Secrecy Act, the Everest does not permit our staff or resources to be used for any purposes that contravene the
Foreign Corrupt Practices Act, and other laws that address money laundering, the Company and its laws, rules, and regulations of any country. Nor do we permit improper payments of any sort to be
officers are prohibited from knowingly laundering money (i.e., concealing an unlawful or illicit source made to any governmental, political, labor, or businessperson or organization. Gifts of insubstantial
of funds) and are required to
Keyword: corruption
corruption 2016 corruption Business Ethics, Compliance, and Integrity, 2016 404-2 Programs for upgrading employee skills 2023 Corporate Responsibility Report:
pgs. 47-51 and transition assistance programs Talent Attraction and Development, pgs. 35-36
205-2 Communication and training about anti- 2023 Corporate Responsibility Report: 404-3 Percentage of employees receiving
2023 Corporate Responsibility Report:
corruption policies and procedures Business Ethics Training, pg. 51 regular performance and career development
Continuous Feedback, pg. 36
2023 Corporate Responsibility Report: reviews
205-3 Confirmed incidents of corruption and
actions taken Business Ethics, Compliance, and Integrity, GRI 405: Diversity 2023 Corporate Responsibility Report:
pgs. 47-51 405-1 Div
Keyword: corruption
behavior, anti-trust, and monopoly practices Anti-Corruption, pgs. 48-49 GRI 406: Non-
Behavior 2016 406-1 Incidents of discrimination and 2023 Corporate Responsibility Report:
discrimination
corrective actions taken Complaint Procedure, pg. 34
GRI 302: Energy 2023 Corporate Responsibility Report:
2016
2016 302-1 Energy consumption within the Emissions, pg. 24
organization Appendix A: Greenhouse Gas Emissions, GRI 408: Child None of Everest’s operations are considered to
408-1 Operations and suppliers at significant
pgs. 55-62 Labor 2016 risk for incidents of child labor have significant risk for incidents of child labor
or young workers exposed to hazardous work.
GRI 305: Emissions 2023 Corporate Responsibility Report:
2016 305-1 Direct (Scope 1) GHG emissions Emissions, pg. 24 GRI 409: Forced or 4
Keyword: tax
5 After Tax Operating 500 14.7% $1,153 $1,065
$16.6 87.6% 0 22002211 22002222 22002233 0 3Q21 YTD 3Q52.42 %YTD 3Q23 YTD
Billion
Return on Equity
Total Shareholder Return Operating Income
2021 2022 2023 2021 2022 2023
USD Millions
Attritional Combined Ratio Our primary metric for measuring financial performance is Total Shareholder Return
(TSR), defined as annual growth in Book Value Per Share (excluding Unrealized Gains and
Losses on Available for Sale Fixed Maturity Investments) plus Dividends Per Share.
$13.2 Operating Total Investments Operating Income
Billion
USD Millions
Cash Flow of and Cash of
in Shareholders’ 26.5% $2,776
$4.6 $37.1
Billion 14.7% Billion
Equity $1,153 $1,065
5.4%
2021 2022 2023 2021 2022 2023
Our primary metric for measuring f
Keyword: tax
Everest provides tax liability insurance coverage that can protect against the loss of investment or production tax credits for
Tax Liability renewable energy projects, potentially enabling a project to receive sufficient investment to achieve start-up. We expect further
opportunities in this area as governments encourage the growth of the renewable energy sector.
20 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTIncentivizing Sustainable Behavior
Everest incentivizes its clients to engage in environmentally friendly behaviors and make IFC Managed Co-Lending Portfolio Program (MCPP) Everest,
environmentally conscious decisions. For example, Everest provides insurance premium credits to alongside 12 other insurance companies, partnered with the
policyholders that demonstrate sound environmental practices and adopt loss mitigating measures
Intern
Keyword: governance
Corporate Governance .................................................................................................................................................................................................................................. 43
Business Ethics, Compliance, and Integrity ................................................................................................................................................................................................ 47
Cybersecurity and Data Privacy .................................................................................................................................................................................................................... 52
Appendices ......................
Keyword: governance
environmental, social, and governance initiatives Thank you,
that we have built and maintained, even as we
and progress align with our rejuvenated brand.
have evolved into a global organization. We
At Everest, we seek to amplify the positive are intentional about creating a workplace that
impacts of our business and create value for helps our employees thrive. From investing
our clients. Within our underwriting business, in employee development and education
Juan C. Andrade
we have diversified our property-casualty to promoting equality of opportunity, equal
President and Chief Executive Officer
(P&C) reinsurance and insurance franchise and treatment, and empathetic inclusion, we have
provided insurance protection for renewable been able to attract and retain top talent that
e
Keyword: governance
social, and governance principles that shape how
At the same time, we have enhanced our we think and act. Continuing to deeply embed
corporate citizenship practices. We expanded our environmental and social sustainability as well as
philanthropic efforts to create positive, enduring transparent and rigorous governance principles
societal and community impact around the into all we do helps us create long-term value
world. From hunger to climate to justice, Everest for all stakeholders, including our high-caliber
3 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORT2023 ESG Highlights
3 New Colleague Over 50 charitable events
Resource Groups:
held across 16+ office locations
Jewish Culture, Veterans, and Working
Over $500,000 donated
Parents and Caregivers
t
Keyword: governance
Reinsurance: Capitalize on Hard Market Environmental, Social, and Governance
We will leverage our premier global position to achieve increasing levels We are global citizens. The environmental, social, and governance (ESG) principles
of profitability. embedded in our programs, practices, and policies create positive impact in our
interactions with our stakeholders, colleagues, and the communities we serve around
the world.
10 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTEconomic Performance
Everest’s diversified Reinsurance and Insurance franchises have a strong track record of underlying
profitability, supported by top-tier underwriting talent, deep global capabilities, strong relationships,
and a robust A+ rated balance sheet. Our Reinsurance business is a lead market for many clients
globally, increas
Keyword: governance
Responsible corporate governance is critical to ensuring that we are transparent and meeting the
Corporate
expectations of our employees, shareholders and other investors, and clients, as well ensuring
Governance
proper Board oversight over the full gamut of corporate risks, including ESG-related risks.
The Company’s economic performance impacts all those with a stake in the Company’s success,
Economic
including employees, shareholders and other investors, and clients.
Performance
Incidents of bribery, corruption, and anti-competitive behavior can expose the Company and its
Business Ethics and
employees to fines, penalties, and other sanctions, as well as reputational damage that may have
Compliance
a lasting impact on trust and confidence in the Company.
Our clients, emp
Keyword: governance
particular, through its Nominating and Corporate Governance Committee. See “Governance. ESG
Governance.”
6 A s of December 31, 2023, there have been no weather-related damages to Everest’s property or operations.
25 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTWorkforce and Community
Supporting our employees throughout their careers is paramount to our
success as a company. This is why we align our human capital management
practices with the values most important to employees. By emphasizing
well-being, continuous development, and equality of opportunity, equal
treatment, and inclusion, we ensure our employees can learn and grow
at Everest.
26 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTIntroduction of Colleague Behaviors
In 2023, our Human Resources team introduced a newly defined set of Colleague Beh
Keyword: governance
sets, experiences, and perspectives enhances our governance, strategy, corporate responsibility, human rights, and risk management.
Everest has a global strategic DEI framework that aligns with our corporate global DEI efforts and initiatives. We have established four pillars
that provide the foundation for our strategic DEI framework, detailed below.
DEI Strategic Pillars
1. 2. 3. 4.
Alignment & Colleague- Culture and Opportunity
Accountability Centered Engagement and Growth
Our integrated global Our colleagues are the Our workplace culture Our global efforts and our
DEI efforts align with our center of the global of deep colleague methods of underwriting
corporate strategy, cultural programs, processes, and engagement is driven opportunity for all
values, and colleague partnerships we create, by
Keyword: governance
Everest is committed to upholding robust governance policies and practices
that promote the interests of our stakeholders. Our governance framework
ensures that we maintain the highest degree of integrity and responsibility
as we conduct our business and that all parts of our Company, including
the Board of Directors of Everest Group, Ltd., senior management, and all
employees are invested in and accountable for exercising good governance.
42 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTCorporate Governance
The Board is the highest governance body of Everest and has ultimate responsibility for oversight of the Company with the long-term interests
of our shareholders in mind. The Board reviews the Company’s policies and business strategies and advises and counsels the CEO and the
Keyword: governance
Our Board operates under the Company’s Corporate Governance Guidelines. These guidelines, along with other key documents and policies
that embody Everest’s commitment to sound corporate governance are available on Everest’s website at https://www.everestglobal.com/us-
en/investor-relations/governance.
Board Nomination and Selection
The Board is appointed annually at the Annual General Meeting of Shareholders. The Nominating and Governance (Nom and Gov) Committee
is responsible for determining the appropriate size of the Board, filling vacancies on the Board, and identifying qualified candidates to fill such
vacancies, consistent with the criteria set forth in the Corporate Governance Guidelines. In evaluating director candidates and considering
incumbent directors for nomination to the Board, the N
Keyword: governance
requirements detailed in its respective charter, available at https://www.everestglobal.com/us-en/investor-relations/governance.
2 of 3 legally mandated Board
Annually, the Board conducts a self-evaluation to determine if it and its committees are functioning effectively. The full Board discusses the
evaluation report to determine potential actions that could improve the performance of the Board and its committee. For example, the Nom Committees are Chaired by Women.
and Gov Committee formally incorporated ESG oversight into its charter in response to this evaluation process.
Board Composition and Diversity9
We believe that diversity in gender, age, ethnicity, and skill set is important for the effective functioning of the Board and to the overall
management of the Company. Our Board is committed to diversity both within its structure and in its executive leadershi
Keyword: governance
to have a Board that represents diversity in all facets to facilitate conversations on evolving best practices in corporate governance, risk
management, and sustainability and allows for dynamic and evolving perspectives in governance, strategy, corporate responsibility, human
rights, and risk management.
Currently, Everest’s Board consists of nine members. We have three highly respected women as members of our Board with proven leadership
experience, making the Board 33% diverse by gender. Our CEO, Juan C. Andrade is also Latino, making the Board 44% diverse by gender or
race/ethnicity. Our Board further reflects myriad skills and experience in claims, risk management, finance, business operations, investments,
climate, and ESG. The Board pursues educational opportunities and training to increase their knowledge in these areas. A full matrix of the
skills and experience
Keyword: governance
44 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTESG Governance
Everest’s ESG governance includes oversight by the Board and executive Board of Directors
leadership, as well as involvement of and collaboration with employees Overall oversight of strategy and direction
across all levels of the Company.
Nom and Gov Committee
The Board is responsible for oversight of Company-wide business strategy and management,
Receives management reports relating to the Company’s ESG practices and
including the incorporation of ESG considerations into the broader strategy and the assessment of
reports to the full Board on the Company’s ESG-related risks and opportunities
ESG risks and opportunities. The Nom and Gov Committee formally performs the Board’s oversight
responsibilities relating to the Company’s ESG practice
Keyword: governance
Notably, our ESG governance structure enables regular reporting and collaboration among the
The DEI Council and Evergreen identify Responsible for exercising ESG
Board, Executive Leadership Team, ESG Working Group, and management. Additionally, the
and support specific ESG principles into principles in their work
Executive Leadership Team meets with the Board to report ESG developments. These frequent strategy and operations
communications ensure that we are aware of trends and developments that may impact the
Company and facilitate the continual assessment and communication of new risks and opportunities.
Additionally, such communication provides a channel through which to make employees aware of
the Company’s ESG direction and enable them to incorporate ESG princip
Keyword: governance
As part of our governance practices, we annually invite our largest shareholders to discuss emerging
ESG trends, best practices in governance, and reporting. These meetings enable us to elaborate
on our progress and address any concerns our shareholders may have, effectively cultivating an
ongoing dialogue that informs our ESG strategy.
Frequent communications are another important aspect of our shareholder engagement practices.
We regularly release publications, seminars, and webcasts to ensure our shareholders are informed
and feel confident that their perspectives and concerns are addressed in our decision-making.
Clients
For the past 50 years, Everest has underwritten opportunity for clients with protection and peace
of mind at the forefront of our decision mak
Keyword: governance
Everest’s Corporate Governance Guidelines further detail requirements and qualifications that the
there is a conflict, or the appearance of one, is ultimately determined by the Company.
Board of Directors must satisfy under all applicable laws and regulations.
To reinforce our commitment to avoid conflicts of interest or their appearance, we have established
Our Ethics Guidelines and Code of Ethics are located at https://www.everestglobal.com/us-en/
the following rules:
investor-relations/governance.
1. Company officers or employees may not serve as outside directors, officers, employees, partners,
Anti-Corruption11
or trustees – nor hold any other position in any outside business enterprise – without prior
Everest’s policies regarding anti-corruption are communicated t
Keyword: governance
Everest’s Conflicts of Interest Policy is outlined in its Ethics Guidelines and applies to the Group relations/governance.
and its affiliates. The appearance of a conflict of interest may be just as damaging to a company’s
reputation as a real conflict, even when no wrong is done, just as the opportunity to act improperly
may be enough to create the appearance of a conflict. This is why we adopted a Company-wide
policy that establishes clear expectations and rules.
11 Everest had zero corruption breaches in 2023.
48 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTMoney Laundering and Sanctions Programs Bribery
Under a variety of United States and other international laws, including the Bank Secrecy Act, the Everest does not permit our staff or resources to be used for any purposes that contravene the
Foreign Corrupt Practices Act, and other laws that
Keyword: governance
at https://www.everestglobal.com/us-en/investor-relations/governance.
• Public Reporting requirements
Reporting Concerns
The IAD conducts audits to identify and assess facts and circumstances of possible fraud or violation
Employees can raise any concerns relating to violations of law or policy to their supervisors. For cases
of Everest’s policy and procedures that may result in prosecution and/or disciplinary action.
in which employees’ supervisors cannot resolve issues raised, or in which the employees do not
Periodically, the IAD publishes fraud awareness information to educate staff.
want to bring the issues to their supervisors’ attention, employees can contact Human Resources to
The Board’s Audit Committee has established processes for receiving, retaining, and treating
speak with representatives. Hum
Keyword: governance
relations/governance.
investigations are available to all Everest employees on its intranet.
We maintain confidentiality to the extent possible, consistent with the need to conduct an adequate
review. The Audit Committee prescribes prompt and appropriate corrective action if deemed
necessary. The Company will not discharge, demote, suspend, threaten, harass, or in any way
discriminate against any employee based on any lawful actions of such employee concerning good-
faith reporting of complaints regarding accounting matters or otherwise as specified in Section 806
of the Sarbanes-Oxley Act of 2002. In 2022 and 2023, Everest had zero whistleblower complaints
from employees.
50 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTBusiness Ethics Training
Ever
Keyword: governance
specified below, monitoring compliance policy governance, and training.
office except where permitted by law and approved in advance by the Board of Directors or the
Chief Executive Officer. Company officers and personnel may make political contributions on their The Compliance Department focuses on several subject areas, including:
own behalf. Company officers and personnel are also free to seek and hold an elective or appointive
• OFAC Sanctions and money laundering
public office, provided that they not do so as a representative of the Company.
• Insurance and Reinsurance Law and Regulation
• Anti-Trust
• Anti-Fraud
• Conduct, Ethics Guidelines, Conflicts of Interest
• Employee Stock Trading
• Privacy and Data Security, Cybersecurity
• Records Management
51 EVEREST GROUP, LTD. 2023 CORPORATE R
Keyword: governance
Cybersecurity Governance
Our Board views cybersecurity as a Company-wide concern involving people, processes, and technology. Accordingly, we have robust policies
and procedures that comply with applicable privacy and data protection laws wherever we conduct business.
Everest also has a Group Chief Information Security Officer (CISO) and separate Chief Information Officer (CIO) who are responsible for
Everest’s information security, technology risk management, and data privacy and protection programs. The CISO further provides regular
updates to the Board and senior leadership. The team’s practices are based on the National Institute of Standards and Technology Cybersecurity
Framework (NIST CSF) and NIST Privacy Framework. Maturity is assessed annually against the
Keyword: governance
Technology Risk Committee and Data Risk and Privacy Council provide further governance and oversight of our cybersecurity and data privacy
program. This ensures that we abide by data security, privacy, and protection regulations, remediate risks, and manage cybersecurity incidents
in an efficient, effective, and responsible manner.12
Our Everest Information Technology (EIT) team also focuses on specific critical areas that support Everest’s technology needs. Its practices are
informed by our IT Infrastructure Library, which maintains best practices and guidelines for managing and improving IT services.
As part of our membership with Lloyd’s
Employees can further escalate suspected cybersecurity incidents via email, hotline, or a ticket system. Each of these channels ensures that
of London, we are further certified in
threats
Keyword: governance
Governance: Disclose the organization’s a) Describe the board’s oversight of climate-related risks and 2023 Corporate Responsibility Report:
governance around climate-related opportunities. Climate Risk Management, pgs. 16-17
risks and opportunities. Underwriting and Catastrophe Modeling, pg. 18
Other ESG-related Underwriting Activities, pgs. 19-21
ESG Governance, pg. 45
b) Describe management’s role in assessing and managing 2023 Corporate Responsibility Report:
climate-related risks and opportunities. Climate Risk Management, pgs. 16-17
Underwriting and Catastrophe Modeling, pg. 18
Other ESG-related Underwriting Activities, pgs. 19-21
ESG Governance, pg. 45
Strategy: Disclose the actual and a) Describe the climate-related risks and opportunities th
Keyword: governance
We will embed in our decision-making environmental, social and governance issues relevant to our insurance business. We will incorporate ESG issues into investment analysis and decision-making processes.
Our ESG Strategy Pgs. 12-14 Investment Oversight Pg. 22
Climate Risk Management Pgs. 16-17
Underwriting and Catastrophe Modeling Pg. 18 Principle 2
Other ESG-related Underwriting Activities Pgs. 19-21
We will be active owners and incorporate ESG issues into our ownership policies and practices.
Principle 2
Investment Strategy Pgs. 22-23
We will work together with our clients and business partners to raise awareness of environmental, social and
governance issues, manage risk and develop solutions. Principle 3
Key Climate-related Partnerships and Memberships Pg. 14
We will seek appropriate disclosure on ESG issues
Keyword: governance
society on environmental, social and governance issues.
Investment Strategy Pgs. 22-23
Key Climate-related Partnerships and Memberships Pg. 14
Principle 5
Principle 4
We will work together to enhance our effectiveness in implementing the Principles.
We will demonstrate accountability and transparency in regularly disclosing publicly our progress in implementing the
Principles. Responsible Investing Pgs. 22-23
2023 Corporate Responsibility Report Pgs. 3-71
Principle 6
We will each report on our activities and progress towards implementing the Principles.
Responsible Investing Pgs. 22-23
68 EVEREST GROUP, LTD. 2023 CORPORATE RESPONSIBILITY REPORTAppendix G: GRI Content Index
Statement of use Everest Re Group, Ltd. has reported the information cited in this GRI content index for the period
Keyword: governance
GRI 1 used GRI 1: Foundation 2021 2-14 Role of the highest governance body in About This Report, pg. 14
sustainability reporting
ESG Governance, pg.45
2023 Corporate Responsibility Report:
GRI STANDARD Disclosure Location 2-15 Conflicts of interest
Conflicts of Interest, pg. 48
GRI 2: General 2023 Corporate Responsibility Report: 2023 Corporate Responsibility Report:
Disclosures 2021 2-1 Organizational details Company Portrait, pgs. 7-10 2-16 Communication of critical concerns Business Ethics, Compliance, and Integrity,
Economic Performance, pg. 11 pgs. 47-51
2-2 Entities included in the organization’s 2023 Corporate Responsibility Report: 2023 Corporate Responsibility Report:
sustainability reporting About This Report, pg. 14 2-17 Collective knowledge of the highest Board Composition and Diversity, pg. 43
g
Keyword: governance
This report covers fiscal year 2023 (January 1, ESG Governance, pg. 45
2023 – December 31, 2023). Everest will 2-18 Evaluation of the performance of the 2023 Corporate Responsibility Report:
continue to publish at least biennially, with highest governance body Board Nomination and Selection, pg. 43
supplemental disclosures as applicable.
2-3 Reporting period, frequency and contact 2023 Corporate Responsibility Report:
For questions regarding this report, please
point contact Ricardo Anzaldua, Executive Vice 2-19 Remuneration policies Compensation, pg. 44
President and General Counsel, or Sylvia 2024 Proxy Statement, pgs. 38-73
Semerdjian, Senior Vice President and
Associate General Counsel. 2-20 Process to determine remuneration 2024 Proxy Statement, pgs. 38-73
2-4 Restatements of information N/A 2-21
Keyword: governance
2-9 Governance structure and composition
Transparency and Accountability, pgs. 42-54 us-en/investor-relations/governance
2023 Corporate Responsibility Report: 2023 Corporate Responsibility Report:
2-10 Nomination and selection of the highest Corporate Governance, pg. 43-44 Business Ethics, Compliance, and Integrity,
governance body 2-24 Embedding policy commitments
pgs.47-51
2024 Proxy Statement, pgs. 8-34
Cybersecurity and Data Privacy, pgs. 52-54
2023 Corporate Responsibility Report:
2023 Corporate Responsibility Report:
2-11 Chair of the highest governance body Corporate Governance, pg. 43-44 2-26 Mechanisms for seeking advice and
Business Ethics, Compliance, and Integrity,
2024 Proxy Statement, pgs. 17 raising concerns pgs. 47-51
2023 Corporate Respo
Keyword: governance
2-12 Role of the highest governance body in Corporate Governance, pgs. 43-44 2-27 Compliance with laws and regulations Environmental Compliance, pg. 25
overseeing the management of impacts ESG Governance, pgs. 45
2023 Corporate Responsibility Report:
2024 Proxy Statement, pgs. 18-30 2-28 Membership associations Key Climate-related Partnerships and
2023 Corporate Responsibility Report: Memberships, pg. 14
2-13 Delegation of responsibility for Corporate Governance, pgs. 43-44 2023 Corporate Responsibility Report:
managing impacts ESG Governance, pgs. 45 2-29 Approach to stakeholder engagement Stakeholder Outreach, pg. 46
2024 Proxy Statement, pgs. 18-30 None of our employees are covered by
2-30 Collective bargaining agreements
collective bargaining agreements.
69 EVEREST GROUP, LTD. 2023 CORPORATE RESPONS
Keyword: governance
pgs. 47-51 405-1 Diversity of governance bodies and
and Equal Appendix B: Demographic and Performance
employees
GRI 206: Anti- Opportunity 2016 Tables, pgs. 63-65
206-1 Legal actions for anti-competitive 2023 Corporate Responsibility Report:
competitive
behavior, anti-trust, and monopoly practices Anti-Corruption, pgs. 48-49 GRI 406: Non-
Behavior 2016 406-1 Incidents of discrimination and 2023 Corporate Responsibility Report:
discrimination
corrective actions taken Complaint Procedure, pg. 34
GRI 302: Energy 2023 Corporate Responsibility Report:
2016
2016 302-1 Energy consumption within the Emissions, pg. 24
organization Appendix A: Greenhouse Gas Emissions, GRI 408: Child None of Everest’s operations are considered to
408-1 Operations and suppliers at significant
pgs. 55-62 Lab
Keyword: bribe
are required to take anti-bribery and 
anticorruption training based on relevant 
business responsibilities or interactions. 
Conflicts of interest
Under Ecolab’s Code of Conduct, 
employees are required to disclose any 
potential conflict of interest. A conflict of 
interest disclosure form is available for 
employees to use and is included in the 
annual Code of Conduct training. The 
Global Compliance department reviews 
submitted conflict of interest disclosures 
and determines if they can be approved. 
Sometimes approvals are contingent 
upon mitigation and monitoring. 
Conflicts that are not disclosed through 
this process may be problematic and 
considered investigations under Ecolab’s 
Code of Conduct program. 
Business ethics
Ecolab’s 2023 Growth & Impact Report
8
Keyword: bribe
conducts operational, anti-bribery and 
anticorruption audits to help ensure that 
data is accurate. Certain data analytics 
tools are used to allow for larger data 
samples to gain greater assurance 
of data accuracy across the global 
enterprise. Ecolab also sets forth records 
management requirements in its Global 
Records Management Policy and Global 
Records Retention schedule. 
Reporting mechanisms
Employees have the option to report 
a Code concern to their manager, the 
Human Resources, Compliance or 
Law departments, or Ecolab’s third-
party Code of Conduct helpline or web 
reporting service which are utilized by 
internal and external reporters to convey 
concerns and is available 24 hours a 
day, seven days a week. Reports of 
potential Code of Conduct violations
Keyword: bribe
our comprehensive anti-bribery and 
anticorruption program which includes:
•	 A detailed Anti-Corruption Policy
and Procedures
•	 Required training for applicable employees
•	 Required anti-bribery and anti-
corruption training for medium- and
high-risk third-party intermediaries
•	 Required anti-corruption due diligence
process for third-party intermediaries
•	 Guidance, resources and tools to help
employees understand and comply with
Ecolab’s requirements
•	 Articles and communications
•	 An anti-bribery and anti-corruption
audit program with a dedicated internal
audit manager
•	 Compliance and ethics committees in all
markets to help identify and mitigate risk
Policy and procedures
Ecolab’s Anti-Corruption Policy is 
designed for compliance with applicable 
anti-corr
Keyword: bribe
environment, anti-bribery and corruption, 
fair competition and supplied materials. 
Suppliers are required to comply with the 
Supplier Code of Conduct in the course of 
doing business with Ecolab and its 
employees. The Supplier Code of Conduct 
is incorporated, by reference, into all 
supplier contracts. It is a requirement that 
suppliers apply the same guidelines 
contained in the Ecolab Supplier Code of 
Conduct with its own suppliers.
In 2024, the Ecolab Supplier Code of 
Conduct was updated to include 
additional language to communicate 
compliance expectations with the 
German Supply Chain Due Diligence Act 
and Canada’s Public Bill S-211 – Fighting 
Against Forced Labour and Child Labour 
in Supply Chains Act and specify Ecolab’s 
reserved right to conduc
Keyword: corruption
Anti-corruption 
	
Human rights
	
Supplier relations 
	
Political action				
98  Data privacy, tax and compliance
Appendix
101 Performance data
111 
About this report
113 Reporting reference tables and indexes
Table of Contents
The Ecolab Growth & Impact Report documents Ecolab Inc.’s performance on economic, environmental, social and 
governance topics. This report includes data from 1 January – 31 December 2023, unless otherwise stated, and covers 
Ecolab’s global entities over which we have operational control, including our offices, manufacturing plants and 
research, development and engineering facilities. Additional reporting on matters specific to financial performance of 
the Company and its subsidiaries and a discussion of forward-looking stateme
Keyword: corruption
•	 A detailed Anti-Corruption Policy
and Procedures
•	 Required training for applicable employees
•	 Required anti-bribery and anti-
corruption training for medium- and
high-risk third-party intermediaries
•	 Required anti-corruption due diligence
process for third-party intermediaries
•	 Guidance, resources and tools to help
employees understand and comply with
Ecolab’s requirements
•	 Articles and communications
•	 An anti-bribery and anti-corruption
audit program with a dedicated internal
audit manager
•	 Compliance and ethics committees in all
markets to help identify and mitigate risk
Policy and procedures
Ecolab’s Anti-Corruption Policy is 
designed for compliance with applicable 
anti-corruption laws in the countries in 
which we do business. Ecolab’s Anti-
Corr
Keyword: corruption
corruption undertakings communicating 
our policies.
The Anti-Corruption Policy provides 
extensive guidance on the requirements 
for engaging with third parties. The 
associated procedures are risk-based, 
meaning in higher risk countries 
and business lines, more extensive 
procedures are required. The procedures 
generally include a business manager 
qualification form, third-party 
questionnaire, a background check and 
internal approval requirements. All third-
party intermediaries globally are required 
to follow this rigorous approval process. 
The purpose of the procedures is to 
obtain the necessary information for 
our evaluation and review of a third 
party’s business, skill, capabilities and 
ability to comply with our legal and 
ethical
Keyword: corruption
corruption programs and openly report
on them have a competitive advantage
beyond meeting any compliance
obligation. They benefit from risk
reduction, cost savings and sustainable
growth.
•	 Companies can demonstrate their
response to the legal obligation
and responsibility to reduce the risk
of corruption that represents the
company’s commitment to operate an
ethical business.
Ecolab’s Anti-Corruption Policy requires 
all intermediaries to execute anti-
corruption undertakings. If a third-party 
refuses to comply with Ecolab’s Anti-
Corruption Policy, this raises a significant 
risk and can lead to the termination of 
the relationship. We also require a third 
party to certify that they have not and 
will not violate basic anti-corruption laws, 
and
Keyword: corruption
Corruption Policy requires continuous 
monitoring of third-party compliance 
with our values. We require our existing 
third parties to undergo a rigorous 
approval process every three to four 
years, depending on certain risk-based 
factors. Based on these risk factors, 
Ecolab will perform an internal audit, and 
if necessary, audit the third parties to 
ensure they are in compliance with our 
Anti-Corruption Policy.
Training
Ecolab’s anti-corruption policies and 
procedures are communicated through 
the annual Code of Conduct training, 
which is mandatory for all employees 
and almost all contingent workers 
globally. In addition, annual online anti-
corruption training is mandatory for 
all employees that may have relevant 
business responsibilit