RenaissanceRe Holdings Ltd..
RNR.US | Reinsurance
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The company operates through various segments, offering a range of products including property catastrophe reinsurance, specialty reinsurance, casualty and other reinsurance, and insurance. RenaissanceRe's core business i...Show More
Better Health for All
0
RenaissanceRe Holdings Ltd. (RNR.US) is a reinsurance company, and its core business does not directly produce health-related products or services. Consequently, most 'Better Health for All' KPIs are not applicable. However, the company demonstrates efforts in mitigating indirect health effects. RenaissanceRe works with ClimateCare to offset carbon emissions by supporting projects like rainforest protection, community afforestation, and reforestation.
1
Additionally, the Renaissance Foundation, linked to a subsidiary, funded 50% of a solar-powered tap water system for approximately 1,200 people, addressing water scarcity.
2
Other initiatives, such as company-wide mental health awareness sessions
3
and efforts to increase economic resiliency in vulnerable communities after natural disasters, were noted but lacked the specific quantitative data required by the rubric for scoring.
Fair Money & Economic Opportunity
0
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The provided articles do not contain any data regarding the company's involvement in consumer lending or deposit services, which are the primary focus of the 'Fair Money & Economic Opportunity' value. Therefore, most KPIs are not applicable. For fair lending compliance, no regulatory actions, violations, fines, or compliance issues are mentioned in the reports.
1
Fair Pay & Worker Respect
10
In 2024, RenaissanceRe Holdings Ltd.'s CEO to median employee pay ratio was 43:1.
1
Employee reviews on Glassdoor indicate an overall satisfaction rating of 3.7 out of 5
2
, which translates to 74% engagement.
3
Fair Trade & Ethical Sourcing
0
RenaissanceRe Holdings Ltd. is a financial services company focused on reinsurance and insurance. Due to the nature of its business, which does not involve the procurement or trading of physical commodities, several fair trade and ethical sourcing metrics are not applicable. The company does not procure or trade physical commodities, nor does it have a supplier base requiring welfare or sourcing audits for physical goods.
1
Consequently, there is no exposure to upstream labor practices, no supply chain tiers for physical goods to map, and no material sourcing of at-risk inputs.
2
No quantitative data was provided regarding the percentage of supplier contracts with ethical sourcing clauses or the share of procurement budget directed to diverse suppliers.
3
Honest & Fair Business
30
91% of the company's board members are independent.
1
Conflicts of interest with Citigroup and GuideOne are detailed.
2
Kind to Animals
0
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance, a service-oriented business. The company states it conducts no animal testing.
1
Consistent with its business model, no live animals are used or counted in its operations.
No War, No Weapons
0
RenaissanceRe Holdings Ltd.'s core business is reinsurance and insurance.
1
The provided articles explicitly state that there is no mention of arms or defense contracts, dual-use technology, sales to embargoed regimes, peacebuilding initiatives, conflict divestment policies, defense-related business oversight, export certifications, lobbying activities related to arms control, humanitarian procurement, human rights due diligence in conflict areas, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment, dual-use screening, surveillance contracts, ethical red lines, exposure to controversial weapons, war-related supply chain audits, annual conflict partner reviews, defense divestment, conflict minerals, peace technology investment, or procurement from conflict zones.
2
These activities are noted as 'Not applicable' to the company's operations.
3
Planet-Friendly Business
0
RenaissanceRe's total Scope 1, 2, and 3 greenhouse-gas emissions were 10,737 tCO₂e in 2019.
1
The company reported an estimated 29% reduction in its carbon footprint from 2019 to 2023.
2
, which equates to an average annual reduction of approximately 8.2%. As a pure service provider with a very low absolute emissions footprint (0.010737 M tCO₂e), its GHG emissions are considered not material in the context of the rubric's thresholds.
Respect for Cultures & Communities
0
The provided articles primarily focus on RenaissanceRe's financial performance, acquisitions, and general sustainability initiatives, including environmental efforts and workforce diversity.
1
However, they do not contain specific quantitative data or detailed information relevant to any of the KPIs under the 'Respect for Cultures & Communities' ethical value. There is no evidence regarding formal partnerships with indigenous or local community groups, reinvestment in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, FPIC participation, cultural preservation investments, or any other specific metrics outlined in the rubric.
Safe & Smart Tech
0
RenaissanceRe experienced a data breach through its vendor, Secure Administrative Solutions (SAS), between March 15 and April 15, 2021.
1
This incident, which occurred 5 years ago, affected some policyholders' names, addresses, dates of birth, and health insurance information, but not Social Security numbers or financial data.
2
The company offered affected policyholders 12 months of complimentary credit monitoring.
3
The vendor notified the FBI, implemented additional security measures, and stated the exfiltrated data was destroyed.
4
The company's Audit Committee oversees cybersecurity, and it engages in ongoing cybersecurity investment, regular security training, and uses third-party services for monitoring, incident response, and penetration testing, alongside internal security testing.
5
RenaissanceRe states it is subject to and complies with a wide array of cybersecurity and data privacy regulations across multiple jurisdictions, including Bermuda, the US, UK, Switzerland, EU, Australia, Ireland, and Singapore, with no reported regulatory penalties or violations.
6
Zero Waste & Sustainable Products
0
No specific, concrete data points related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audits, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education were found in the provided articles
1
. The articles explicitly state the absence of such data for RenaissanceRe Holdings Ltd. (RNR.US).
2