As a company that recognizes we have an important role to play in enhancing the communities in which we operate, we are committed to focused environmental stewardship, philanthropic donations that make a positive impact, and dedicated volunteerism.
Environmental and social responsibility are important to RGA’s business strategy, and our global teams demonstrated extraordinary care, concern, and commitment for dozens of causes throughout the year. As an organization, RGA also bolsters our culture of sustainability by operating with integrity, investing responsibly, and adhering to ethical corporate governance principles of transparency and accountability.
In 2023, RGA published its second Sustainability Report, providing information in alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB) frameworks. The report covers RGA’s strategy and programs related to ethics, transparency, community support, environmental sustainability, and employee engagement. It also details progress towards our sustainability goals in 2022.
Dollars for Doers
RGA expanded the impact of employee volunteering by launching a “Dollars for Doers” program in 2023. For every hour of volunteering, RGA now offers workforce members the equivalent of $20 to donate directly to the charity of their choice. Whether teaching financial literacy in a Missouri school, beautifying a senior living center in Kuala Lumpur, or recycling discarded plastic in a Milanese park, RGA volunteers helped their communities and simultaneously contributed dollars throughout the year to the causes they care about.
Longer Life Foundation
In 2023, the Longer Life Foundation (LLF), an RGA collaboration with Washington University School of Medicine in St. Louis, celebrated its 25th anniversary. Since its founding in 1998, the foundation has supported more than 150 projects and awarded $9.2 million to study key drivers of mortality and morbidity, including genomics, obesity, older-age cognition, heart disease, cancer, and more. The groundbreaking discoveries from LLF-funded investigations have and will spur discoveries that help people achieve longer, healthier lives.
Pairing an academic institution with the insurance industry was a novel idea that hadn’t happened before. Our collaboration on the Longer Life Foundation is truly remarkable because the world-class research taking place is helping people achieve better health and live fulfilling lives.
Scholarship Program
In 2023, contributions from RGA and the RGA Foundation supported six university and college funds to provide more than 60 scholarships to students from low-income and underrepresented communities to help them pursue degrees in fields such as nursing, business, actuarial science, and information technology.
Sustainable Operations
RGA is committed to environmental sustainability in our operations, as evidenced by our goal to become net zero in our Scope 1 and Scope 2 emissions by the end of 2026. In support of these efforts, more than half of RGA employees work in buildings that have environmental sustainability certifications. These facilities reduce carbon emissions and energy use, minimize waste, conserve water resources, and support the health and wellbeing of employees.
Green Certifications for RGA Office Buildings
Responsible Investing
RGA is committed to responsible investing and understands that sustainability is an important consideration in determining an investment’s long-term value and financial return. In 2023, RGA identified and engaged with investee companies that support sustainable practices and innovation, particularly in the areas of decarbonization, climate risk, and social impact. These efforts strengthened RGA’s investment portfolio while promoting sustainable economic development.
It’s remarkable to see how many RGA team members around the world are willing and eager to step outside their working environments to create positive change for the environment, health initiatives, education, crisis response, and financial stability.
Philanthropy Efforts Around the World
To honor RGA’s 50th anniversary in 2023, RGA launched a special program to award grants to 50 charitable organizations around the globe. The funds were distributed to organizations nominated by employees from our various offices, demonstrating RGA’s ongoing support of the communities in which we operate. In addition to financial support to charitable organizations, RGA’s wide range of community engagement in 2023 included:
