Better Health for All

The company's sustainability strategy aims for clear and honest disclosure, and its Scildon subsidiary's quit smoking proposition, which clearly communicates health benefits, won an industry award for customer interest, demonstrating strong risk transparency.

Through its partnership with Justdiggit, the company commits to collecting 54,000 litres of water, greening 2.6 square kilometers of land, planting 10 trees, and capturing 2 tonnes of CO2 for every Easy B product sold, generating measurable positive environmental and community health impacts. The company reported no substantial or widespread data breaches and no significant cyber-related incidents in 2024, with its European businesses materially compliant with DORA regulations, indicating excellent healthcare data responsibility. For mental health, the company provides Employee Assistance Programmes, partners with the Business Health Group for employee sessions on physical and mental health, and supports Sherpa, a charity assisting people with physical and/or mental disabilities. Additionally, its Scildon subsidiary launched a Stop Smoking lifestyle proposition in April 2024, offering lower premiums and ongoing support via the WeQuit programme, which has sold over 800 policies and won an industry award, directly addressing addiction mitigation. The company's principal goods and services are life and pensions, which are largely health-neutral, despite some specific health-positive offerings.

Fair Money & Economic Opportunity

Chesnara PLC's business model focuses on managing existing life and pension policies, not originating new ones or providing consumer debt products. Consequently, the company has no revenue from high-cost financial products or penalty fees, scoring 0 for exploitative fee exposure. Similarly, as it is not regulated as a lender and does not provide debt products to consumers, it scores 0 for fair lending compliance and debt burden ratio. The company has taken steps to improve customer outcomes, including waiving all exit charges and implementing a cap on administration charges for small pots in its UK business.

It also provides online customer portals, such as 'Mijn Waard' in Waard, offering real-time access to policies. It also allows customers to update personal information in a secure environment using two-factor authentication. Chesnara supports various inclusion initiatives, including a dedicated helpline for vulnerable customers. It also has a commitment to being a Living Wage employer in the UK. Movestic, a subsidiary, achieved a SHE index score of 84 out of 100, placing it in the top 5 of Swedish participants for gender balance and equal compensation.

Fair Trade & Ethical Sourcing

The company reported no instances of human rights breaches, modern slavery, or whistleblowing incidents in 2021

, 2022 , 2023, 2024 , and leading up to March 2025 . The UK business has enhanced its supplier onboarding due diligence and annual attestation processes , and its Supplier Code of Conduct requires material suppliers to adhere to standards covering human rights, freedom of association, and prevention of compulsory and child labour . As a financial services company, Chesnara PLC does not procure or trade physical commodities, rendering the fair-trade certification KPI not applicable.

Honest & Fair Business

Chesnara's subsidiary, HSBC Life (UK), restated its 2022 comparative financial information in 2023 due to the adoption of IFRS 17.

The company incurred approximately £15,421 in regulatory fines in 2024 for pension plan violations. Chesnara has Board-approved Anti-Bribery and Anti-Fraud policies, complies with all relevant laws, demands compliance from third parties, and provides regular mandatory training, reporting no bribery or corruption incidents in 2024. The company also maintains a Board-approved Whistleblowing policy, applicable to staff and third parties, which protects against retaliation, offers confidentiality and anonymous reporting. All colleagues receive annual training, and the policy achieved a 100% attestation response in 2024, with no whistleblowing incidents reported.

No War, No Weapons

The company's core business is the acquisition and consolidation of European life and pension businesses, with no direct involvement in arms or defense activities. It maintains an investment policy to exclude companies that derive 10% or more of their revenue from the manufacture or sale of conventional weapons or weapons support systems.

Furthermore, it excludes investments in companies generating over 5% of their revenue from controversial weapons, specifically listing cluster munitions, anti-personnel landmines, nuclear, chemical, and biological weapons, depleted uranium ammunition, and blinding lasers. Should an investment be deemed non-compliant with these criteria, the company intends to divest within three months. The Investment Manager ensures that the Fund's investments are aligned with the UN Guiding Principles on Business and Human Rights. The company also avoids investing in state-owned enterprises in countries subject to international sanctions.

Planet-Friendly Business

Chesnara's total Scope 1, 2, and 3 emissions (operational and financed) were 5.28 million tCO2e in 2024, an increase from 4.88 million tCO2e in 2023.

The company has a net-zero target for all emissions by 2050 , with an interim target of a 50% intensity reduction by 2030 from our 2023 baseline figures in the scope 1 and 2 emissions for listed equity and corporate fixed income investments which we are able to influence or control , and a commitment to decarbonize operational emissions by 2028 . Chesnara is assessing the benefits of aligning with the Science Based Targets initiative (SBTi) but does not have validated targets. The company offset 21.8% of its 2024 operational emissions (811 tCO2e) through high-quality, internationally verified projects. Its 2024 TCFD report is consistent with 10 out of 11 recommended disclosures. Comprehensive climate scenario analysis is conducted using MSCI and NGFS models, considering 1.5°C, 2°C, 3°C (NDC), and 4°C stress pathways. The risk of stranded assets impacting valuation is mentioned , but detailed disclosure is minimal.

Respect for Cultures & Communities

Chesnara has established at least four formal partnerships with local community groups, including Sherpa, SAFENET, the Foxton Centre, and a three-year partnership with adventurer Aaron Anderson by its subsidiary Movestic.

The company has robust grievance mechanisms, with whistleblowing policies in place across all divisions, achieving a 100% attestation response in both 2021 and 2024, and reporting no whistleblowing incidents in 2024. Given its business model of acquiring and managing closed books of life insurance policies in Europe, the company's operations are not typically applicable to cultural appropriation incidents, cultural impact assessment protocols, FPIC processes, engagement with indigenous suppliers, cultural site protection, or cultural incident response frameworks. The company engages in general charitable giving to social causes but does not specifically focus on cultural heritage organizations.

Safe & Smart Tech

All colleagues receive regular in-focus training, including sophisticated phishing simulations, to understand data protection obligations, with the Group Board also receiving external expert training.

The company demonstrates strong regulatory compliance, having met the July 2024 deadline for FCA's Consumer Duty, becoming compliant with DORA by January 2025, and successfully meeting Solvency II requirements. It provides outstanding user data controls, including an online customer portal for real-time access and updates using two-factor authentication, and individuals have rights such as access, rectification, erasure, and data portability. Comprehensive security testing is conducted, including third-party penetration and vulnerability testing, scenario testing, annual external audits, and regular internal audits. There were no substantial or widespread data breaches or significant cyber-related incidents reported in 2024. The company is committed to minimizing data collection and retention, and its divisions employ privacy policies with proactive measures. It uses two-factor authentication for its customer portal and has a policy on required layers of authentication. While exploring AI, data subjects have the right to dispute automated decisions. Vulnerability management includes testing and defined update schedules.

Zero Waste & Sustainable Products

Chesnara has implemented waste reduction initiatives, including recycling or donating unwanted equipment

and utilizing digitalization efforts, such as an online customer portal, to reduce postal emissions . The company's environmental policy also encourages employees to reduce, reuse, and recycle office materials . Regarding compliance, Chesnara reported no regulatory interventions or penalties in 2021 , and no waste disposal violations were mentioned in its 2024 climate-related financial disclosures , indicating a clean record for at least the past three years.