MASHINIi

Everest Group Ltd.

EG.US | Management consultancy activities

Everest Group Ltd is a global research firm providing strategic research and consulting services focused on IT, business process, and engineering services. They offer market intelligence, sourcing strategies, and advisory services to enterprises and service providers. Their services help clients mak...Show More

Ethical Profile

Mixed.

Everest Group Ltd. faced a 2022 cyberattack on a subsidiary, allegedly exposing PII and prompting a class-action lawsuit. Critics note its underwriting of political violence reinsurance, linked to potentially supporting conflict zones. Environmentally, Everest reported 84,066.6 tCO₂e in Scope 3 emissions for 2023; its 2050 net-zero target is less ambitious than industry leaders. Positively, Everest launched AI-driven health insurance and affordable fixed indemnity options. Employees packed 72,363 meals for Rise Against Hunger in 2022. Signed UN Principles for Sustainable Insurance, fosters diversity via ERGs, and hosts AI ethics roundtables. Fair pay/ethical sourcing data limited.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-30
-100100
Kind to Animals0
-100100
No War, No Weapons-50
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Everest Group Ltd's core business is IT, business process, and engineering research and consulting, which does not directly involve health-related products or services. Therefore, most KPIs are not applicable or neutral. While its subsidiary, Everest Insurance International, offers health insurance products, these are not the principal goods or services of the parent company, and their scope is not stated as company-wide. Charitable initiatives in 2022 included packing 72,363 meals

1
and providing 12,600 servings of apples for food insecurity
2
, and supporting a mental health walkathon
3
. However, these activities lack the quantitative metrics (e.g., percentage of revenue, percentage of vulnerable populations reached) required by the rubric for scoring.

Fair Money & Economic Opportunity

0

Everest Group Ltd (EG.US) operates in financial services, providing property, casualty, and specialty reinsurance and insurance solutions, with Gross Written Premium of $16.6 Billion in 2023.

1
The company also has a related entity, Everest Bank, involved in financial literacy programs.
2
While the company engages in activities relevant to the 'Fair Money & Economic Opportunity' value, the provided articles do not contain the specific quantitative data points required by the rubric to score any of the Key Performance Indicators. Information regarding percentages of underserved clients, pricing fairness metrics, revenue from high-cost products, share of loan/insurance book for inclusion initiatives, customer data accessibility, specific fair lending compliance findings for EG.US, measurable wealth-building outcomes, percentage of profit reinvested, reach or outcomes of financial literacy programs as a percentage of customers, debt burden ratios, percentage of service points in underserved areas, or product simplicity metrics is not explicitly provided.

Fair Pay & Worker Respect

0

No specific, quantitative evidence was provided in the articles to assess Everest Group Ltd against the defined KPIs for Fair Pay & Worker Respect. The available information consists of general statements regarding commitment to culture

1
, policies against discrimination
2
, and support for employees with disabilities
3
, none of which provide measurable data points required by the rubric.

Fair Trade & Ethical Sourcing

0

Everest Group Ltd is a global research and consulting firm, and its business model does not involve the procurement or trade of physical commodities. Therefore, several KPIs related to physical supply chains, such as fair-trade certifications, supplier audits for welfare, traceability of materials, remediation speed for supply chain violations, and high-risk material spend, are not applicable to its operations. No information is provided regarding ethical clauses in supplier contracts or the percentage of procurement budget directed to diverse suppliers.

Honest & Fair Business

-30

The company's Code of Conduct for Board and Senior Management prohibits illegal conduct, manipulation, undue influence, concealment, abuse of confidential information, misrepresentation of material facts, or any other unfair dealing practice.

1
However, this policy lacks clear guidance on specific anti-corruption elements such as facilitation payments or gift thresholds. The company maintains a vigil mechanism and a policy that ensures individuals using it are not prejudicially affected and will not face retaliation for good faith reports of violations.
2
Employees are encouraged to report violations, and the Board or designated persons will investigate these violations.
3
The company has received positive evaluations for its internal control over financial reporting and compliance with the COSO framework.
4

Kind to Animals

0

Everest Group Ltd is a service-oriented research and consulting firm. Its core business model does not involve activities such as animal testing, animal-derived products, animal agriculture, or direct animal-related operations. Consequently, most KPIs related to these areas are not applicable, mapping to a score of 0. While the company engages in general environmental initiatives and employee volunteering at an animal reserve

1
, the provided articles do not offer specific, measurable data points regarding biodiversity impact, species recovery, or habitat restoration metrics required for the 'wildlife_conservation_impact' KPI, leading to its omission.

No War, No Weapons

-50

Everest Group Ltd, an insurance and reinsurance provider, does not engage in arms manufacturing, resulting in 0% direct arms revenue.

1
The company also does not develop or sell dual-use technology.
2
However, there is no board-level oversight of military activity.
3
The company screens industries for controversial weapons and civilian firearms beyond specified thresholds, indicating a limited divestment policy and codified ethical red lines.
4
While it avoids primary involvement in weapons production, there are no direct claims of zero exposure, and indirect ties through clients are possible. In 2023, the company donated $100,000 to support victims of conflict and World Central Kitchen, which represents less than 0.5% of its operating income.
5

Planet-Friendly Business

-60

Everest Group Ltd reported Scope 1 emissions of 0 tCO₂e, Scope 2 emissions of 2,185.6 tCO₂e, and Scope 3 emissions of 84,066.6 tCO₂e for 2023.

1
The company is actively analyzing its carbon footprint to set clear emissions reduction targets.
2
Its corporate responsibility reports are being aligned with TCFD recommendations.
3
The U.S. headquarters has achieved LEED Silver certification.
4
Everest Group has a stated goal to achieve a zero-emissions workplace by 2050.
5
The company has been a signatory to the Principles for Responsible Investment (PRI) since 2019
6
and the UN Principles for Sustainable Insurance.
7
Efforts in water conservation led to an 80.2% savings, and the company promotes waste transformation into resources, adhering to 'cradle to cradle' principles.
8

Respect for Cultures & Communities

0

Everest Group fosters respect for diverse communities through its Diversity, Equity, and Inclusion (DEI) initiatives. The company has established Employee Resource Groups (ERGs) for various communities, including Black, LGBTQ+, Latino, and Pan-Asian colleagues, to promote cultural traditions and understanding among employees

1
. Its DEI Council encourages dialogue between management and diverse communities and supports social justice reforms
2
. Everest Group offers bias awareness and reduction training to enhance employees' ability to function in culturally diverse settings
3
. In November 2023, the company pledged to grow the impact sourcing market to half a million people, supporting marginalized groups such as rural communities
4
. Through its Everest Charitable Outreach (ECO), the company organized 11 events in 2022, partnering with local charities
5
. No cultural appropriation incidents, cultural impact assessment protocols, FPIC processes, cultural site disruptions, or cultural incident response frameworks are reported, which aligns with the company's business model as a research and consulting firm.

Safe & Smart Tech

0

Everest Group Ltd. has a Technology and Cyber Board Committee to oversee IT governance and cybersecurity.

1
The company aligns with NIST standards and conducts regular assessments to maintain control effectiveness.
2
In 2024, Everest Group Ltd. reported no material cybersecurity incidents.
3
However, its subsidiary, Everest Global Services, experienced a cyberattack in August 2022, which compromised email accounts and exposed PII.
4
This led to a class-action lawsuit in January 2023.
5
The company also hosted multiple AI ethics roundtables and webinars in 2024, discussing responsible AI integration, risk management, transparency, and accountability.
6

Zero Waste & Sustainable Products

0

The provided articles primarily discuss Everest Group as a research firm reporting on other companies' sustainability efforts (e.g., Microsoft, Unilever, Google, Lenovo) or as an insurance/reinsurance provider with its own operational sustainability initiatives. Given the company is explicitly defined as a 'global research firm providing strategic research and consulting services,' the operational data related to waste management, certifications, and compliance from the insurance/reinsurance entity or the environmental services provider cannot be attributed to the research firm. No specific, concrete data points are provided for the research firm's own waste diversion, product recyclability, packaging sustainability, or other waste-related KPIs.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.