AIG Announces the Publication of its Second Environmental, Social, and Governance (ESG) Report

Published on: 23 May 2022
AIG

The 2021 ESG Report explores the positive outcomes AIG can deliver to colleagues, clients, distribution partners, shareholders, communities and many other stakeholders. Guided by AIG's new Purpose and Values Statement, the Report's theme is Reimagining What AIG Can Do.

The 2021 Environmental, Social, and Governance (ESG) Report was released today by American International Group, Inc. (NYSE: AIG).

The 2021 ESG Report builds on AIG's first ESG Report, which was released last year and provided the company's first comprehensive view of its efforts to support a more sustainable, equitable, and prosperous future. The Report's theme is Reimagining What AIG Can Do, and it explores the positive outcomes AIG can deliver to colleagues, clients, distribution partners, shareholders, communities, and many other stakeholders. It is guided by AIG's new Purpose and Values Statement.

"We are reimagining how to leverage AIG's expertise and differentiators in ways that improve and sustain communities for generations to come,"

said AIG Chairman and CEO Peter Zaffino.

"Our high level of transparency reinforces our commitment to taking ownership of AIG's ESG journey."

Constance Hunter, AIG Executive Vice President, Global Head of Strategy & ESG, stated,

"Each component of ESG is intrinsic to AIG's business strategy and long-term growth. Whether it is the magnitude and uncertainty surrounding the transition to a net zero carbon future, the measurable economic benefits of greater social inclusion in company results, or the stronger reputations of companies with exceptional governance, ESG factors are critical to the financial outcomes of businesses as well as the socioeconomic outcomes of the societies in which they operate."

Visit www.aig.com/esg to read AIG's 2021 ESG Report. The Report marks AIG's second year of compliance with SASB and GRI disclosure guidelines, and its fourth year of compliance with TCFD.

The disclosures in AIG's 2021 ESG Report were preceded by careful thought about how to combine reimagining and action. The following are some examples of the Report's transparency on AIG's most recent ESG progress:

Climate disclosure has been expanded, as have details on AIG's net zero greenhouse gas commitments across its operations, underwriting, and investments. The analysis in the Report now includes broader third-party emissions and estimates underwriting global emissions. The Report also provides updates on the AIG's operational commitment from 2021. Improved diversity data, including a global perspective on gender representation, in addition to ongoing data on ethnic representation in the United States. In 2021, 52% of AIG job placements worldwide were female, 45% of placements in the United States were ethnically diverse, and 36% of open executive leadership positions in the United States were filled with ethnically diverse talent.

Added information about talent acquisition and development. Despite a 20% increase in placements, AIG's time-to-fill average decreased by seven days when compared to 2019.

AIG's continued investment in corporate citizenship includes over $25 million in 2021 contributions to non-profit organizations through 2:1 matching of colleague donations and other funding, the establishment of the AIG Compassionate Colleagues Fund, which assists colleagues facing financial hardships, and the expansion of AIG's long-standing paid Volunteer Time Off program from 16 hours per colleague in 2021 to 24 hours per colleague in 2022.

Source: AIG news

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