Sovereign Trust Insurance PLC (Sovereign Trust/STIP) has partnered with CoreSafe Options Limited, a consulting firm, to support the development of its ESG (Environmental, Social, and Governance) strategy. We believe that a stakeholder-centric approach is crucial for shaping STIP’s ESG vision at this time.
Following the current state assessment, we are conducting the materiality assessment, to assess and prioritise the most important ESG topics for STIPLC to focus on and manage as it grows.
As a stakeholders, your needs are important in the ESG development process and would like to get your understanding and expectation of ESG in Sovereign Trust.
Materiality is a measure of the significant environmental, social and governance impacts, or to issues that substantively influence the assessments and decisions of stakeholders of an organisation.
Also read: Sovereign Trust Insurance Excites Policyholders With N3.2billion Claims Payment
Given that materiality directly influences which ESG metrics will need to measured and reported on, we have reviewed market and industry trends, ESG standards and frameworks and other regulatory requirements that will influence ESG at STIP.
This topics should be assessed based on:
– Sovereign Trust’s impact on environment, society and economy
– The impact of topics on Sovereign Trust’s business performance
– How important these topics are for STIPLC’s stakeholders
We believe you are in the right position as stakeholders to evaluate the true picture of ESG topics to be prioritised at STIP. We have therefore conducted a research to identify potential topics that reflect the market dynamics, regulations and best practices for STIPLC.
Kindly complete this form and rate the material issues based on their impact on you as a stakeholders. The survey will take approximately 4 minutes to complete.
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