Atradius Atrium
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Sustainability
ESG Governance
We have a specified ESG Committee chaired by our CFO Claus Gramlich-Eicher. This Committee structures our various ESG initiatives. It consists of members of our leadership representing our business areas and group functions. In addition we have a dedicated Head of ESG to promote, drive, and coordinate our ESG initiatives globally and to oversee the operational management of sustainability initiatives across our various international businesses. In May 2024 we added a specific ESG reporting function.
Atradius’ sustainability initiatives and reporting are aligned with our parent company GCO (Grupo Catalana Occidente). The GCO Sustainability Master Plan 2024-2026 and the GCO 2023 sustainability report are included in the related documents section at the bottom of this page.
Our Sustainability Master Plan 2024-2026
In 2023, together with our parent company (GCO) we carried out a Double Materiality Analysis to identify the most relevant aspects to be addressed in our strategy.
We are building our Sustainability Master Plan on four pillars and ten strategic lines. Each pillar holds a set of actions in line with the GCO Sustainability Master Plan 2024-2026. Starting in 2024, over the next three years we will work on the following steps:
Good Governance
We aim to strengthen our ESG governance and deploy the ESG principles to our value chain by:
- establishing ongoing sustainability training for our senior management to equip them with the knowledge to make strategic decisions and lead the company’s sustainability efforts
- linking a percentage of the variable remuneration of senior management to the achievement of the Sustainability Master Plan to align strategic decisions with sustainable growth
- increasing the percentage of women in our Management Board to promote diversity and reflect a broader range of perspectives in decision-making
- developing a due diligence system for our value chain to mitigate potential ESG risks
Sustainable Business
We aim to integrate sustainability in the development of our products and services by:
- incorporating sustainability criteria in our underwriting policy
- promoting sustainable solutions to our customers
- aligning our investment policy to the sustainability principles established by our parent company GCO
Social Commitment
We will focus on people, talent and contribution to society by:
- promoting diversity and equality by increasing the presence of women in middle and senior management and reducing the pay gap for all levels of the organisation
- promoting new ways of working to attract and retain talent
- developing new initiatives to promote healthy habits and disseminate our social benefits to the employees
- increasing our social contribution to local communities
Environmental Responsibility
We will work towards our carbon neutrality objective by:
- defining progressive, science-based decarbonization goals for our commercial underwriting portfolio to achieve carbon neutrality by 2050
- increasing the use of renewable energy in our main offices to 50% to minimize the impact of our facilities
We will track and report on our progress.
Our sustainability alliances
We support the ten principles of United Nations Global Compact on human rights, labour conditions, the environment and anti-corruption and report on this via our parent company GCO.
As part of GCO, Atradius is also a signatory to the UNEP-FI Principles for Sustainable Insurance and UNPRI Principles for Responsible Investment.
Our sustainability ratings
In August 2024, EcoVadis awarded Atradius a Committed Badge in recognition of our sustainability achievements (score of 53, up from 50 in 2023), placing us in the top 49 percent of companies assessed by EcoVadis.
Atradius’ ESG Credit Impact Score from Moody’s is neutral-to-low (CIS-2). This reflects the limited credit impact of Environmental and Social risks on our financial strength rating (‘A1’ outlook stable).
The sustainability rating of GCO is available through the GCO website.