AGP Insurance (Guernsey) Limited Public Disclosure for GIIA ESG Framework
07 February 2022
The Board of AGP Insurance (Guernsey) Limited (“AGP”) confirms that AGP has adopted the GIIA ESG Framework as at 07 February 2022.
AGP’s manager, Aon Insurance Managers (Guernsey) Limited (as a subsidiary of Aon plc) is recognised as a member of a representative signatory of the UN Principles of Sustainable Insurance (the “Principles”). AGP is a member of GIIA, which is also a signatory to the Principles.
AGP is a wholly owned subsidiary of Acer European Holdings Ltd, a company registered in Switzerland and the ultimate controlling party is Acer Incorporated, a company registered in Taiwan. AGP adheres to Acer Group's Standards of Business Conduct (updated in 2021), containing Acer's Environmental, Health and Safety Policy. These set out Acer Group’s ESG criteria for operational activities. The Board review the policies underwritten at least annually. These reviews have raised no concerns that would negatively impact the achievement of the United Nations' Sustainable Development Goals (“SDG” s) by AGP.
The Trade Credit Insurance risks underwritten facilitate the growth of economic and industrial welfare, contributing to the achievement of the SDGs. On this basis, AGP confirms that it is compliant with Pillar 2 of the Framework.
AGP confirms that its assets are held in financial institutions with ESG ratings (as issued by MSCI Inc) of good or better. On this basis, AGP confirms that it is compliant with Pillar 3 of the Framework.