Alleghany publishes its first ESG report, insists sustainability is deeply ingrained in its culture

Alleghany Corporation has published its inaugural environmental, social and governance (ESG) report which it said is focused on promoting a culture centered on building long-term value for all of its stakeholders.

The report divides its ESG strategy into four core pillars: supporting climate resilience; investing sustainably; developing human capital; and governing its business for the long term.

Jefferson Kirby, Alleghany’s chairman, said improving ESG practices is beneficial for investors, clients, customers, employees and the communities where the company operates.

"ESG matters are not just about Alleghany, they are also about how we help our customers and clients navigate environmental risks and take advantage of environmental opportunities, as well as how we address our businesses' impact on the environment," Kirby said.

Weston Hicks, Alleghany’s president and chief executive officer, said: "Our report helps illuminate our approach to ESG, provides a better appreciation of how sustainability has always been deeply ingrained in our culture, and lays out our framework to build upon the ESG principles in our business and governance practices."

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