sustainability

As a business we recognise the need to play our part in addressing the global challenges of climate change and social inequality as well as ensuring corporate transparency and accountability.

We're committed to tomorrow by acting today

David Howell

CEO | Pacific Life Re

"The topic of sustainability has never been more urgent than it is now, and the financial services sector has a key strategic role to play in the entire ecosystem. For Pacific Life Re, acting responsibly runs throughout our DNA, covering each element of ESG (environment, social, governance). This ensures good governance and social responsibility are given as much prominence as environmental factors."

Our approach to sustainability

We’re committed to integrating sustainability principles into our strategy, operations and culture. We've developed a comprehensive approach that covers these three key pillars. 

Environment

We understand the importance of measuring and reducing the environmental impact of our business operations and facilities, as well as the indirect impacts we have through our third-party suppliers and investment portfolios. 

Our approach to mitigating our environmental impact is summarised in our environmental policy. We consider operational efficiencies and sustainable factors in our office spaces when choosing our real estate, putting environmental credentials at the centre of our decision making. Our offices in Sydney and Toronto won awards recognising that they have been built and are run in a sustainable way. 

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Social

Philanthropy is a key component of our approach to ESG, from driving positive impact through our social engagement to supporting initiatives that provide for a more sustainable environment.  

Aligning with Pacific Life and the Pacific Life Foundation's global philanthropy strategy, we expanded our international philanthropic investments in 2023. Pacific Life's Global Philanthropy Programme committed to making US$9 million in charitable contributions in 2024, with an estimated US$850,000 allocated to support charity partners across the Pacific Life Re and UnderwriteMe business. 

At Pacific Life Re diversity, equity and inclusion is an essential element of our culture. We’ve worked hard to establish a workplace where everyone's views and ideas are valued and where everyone has the same opportunity to fulfil their potential.

Our approach to Philanthropy

Governance and ethics

We’re committed to doing our part as a responsible business, which starts with embedding our values and ethics into our core strategy, decision-making and business objectives. 

Underpinned by our principles, this will ensure ESG and ethical considerations are at the heart of our future actions. Our values-based approach to business has been a key element of our culture and success. The principles in our code of conduct ensure the honest and fair treatment of each other, our clients and our business partners. Together, these standards epitomize our business philosophy: Doing the right thing.

The boards of our reinsurance entities include a diverse range of independent non-executive directors with a wide range of professional experience in different markets.

Legal information and reports

Corporate Social Responsibility Report

The 2023 Corporate Social Responsibility Report is now available and can be found here.

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