Insurance Australia Group

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Sustainability Strategy and Objectives

  • Development and Board endorsement of company wide "Commitment to Sustainability" incorporating IAG's handling of human rights, stakeholder engagement, employee protection and environmental considerations
  • Introduction of "Supplier Selection Guidelines" and monitoring program to work with our suppliers in delivering sustainable outcomes
  • Awarded "Sustainable Company of the Year" by Ethical Investment Magazine

Employee Relations

  • Adoption of Enterprise Agreement incorporating six weeks parental leave, volunteer day for all full-time employees and the establishment of a work/life task force
  • Establishment of Sustainability Change Team made up of IAG "sustainability champions" to drive the change agenda of IAG being a sustainable organisation
  • Employee engagement score of 53%tick surpassing target of 49%

Social Investment

  • Expansion of the Theft Reduction Strategy to three locations in NSW, with results suggesting a 30% reduction of crime in these areas
  • Community investment strategy developed around reducing risk in crime, safety and the environment and involving a commitment of $18,266,000tick (exc. GST)
  • Communityhelp grants program contributing over $500,000tick to 139 community groups

Customer Relations

  • Significant improvements in customer service with complaints down, overall satisfaction improved and retention rates increasing
  • Creation of the Helphouse and Greensafe Car Profile web portals to assist customers in making informed choices about home and car safety and environment options
  • Development of a "hail gun" to test roofing materials for strength and durability

tick indicates that KPMG has provided assurance on the figures. For more information please see the Assurance statement.

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