Corporate Sustainability

We believe in a future built upon trade that is sustainable for the environment and the community.

 

 

 

 

 

 

 

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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:

 

 

 

 

 

Sustainability Master Plan 2024-2026

 

 

 

 

 

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.

 

 

 

 

 

 

Related content

Annual Reports

The Annual Report is a complete overview of the performance of Atradius N.V. in a year. It includes performance and strategy, full year accounts and additional financial information.

Leadership and Governance

Through our Governance Principles, Customer Service Charter and investment in innovation, we’re committed to leading our people and customers to better products and services than anywhere else.

Disclaimer

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.