The Path Forward to Environmental, Social, and Governance

In 2022, Mutual Fire Insurance began our journey to learn and understand Environmental, Social, and Governance (ESG) initiatives. What started with a small committee learning all about ESG, led to the organization approaching business in an all new way.

Environmental Stewardship

Minimizing environmental impact across the full life cycle of the company building, products, investment portfolio, and corporate operations. This principle recognizes the effects of climate change and implores sustainable initiatives to deliver efficiency, value, and health for business, people, and community.

Social Responsibility

People are at the heart of any business: customers, directors, staff, leadership, vendors and partners. Social responsibility is showcased through company culture, community engagement, and diversity, equity, and inclusion initiatives.


A sound approach to business complying with all applicable laws, rules, regulations, and policies. Governance values accountability and transparency.

We believe in these initiatives. In fact, ESG is simply an extension of our mutual values; a structure to follow.

United Nations Sustainable Development Goals

Globally, the United Nations developed 17 Sustainable Development Goals (SDG’s) which aim to confront the biggest environmental and social issues affecting our world today.

We support every Sustainable Development Goal and have selected four to champion; four goals where we as a company can deploy our resources to make a significant impact.

Goal 2: End hunger, achieve food security and improved nutrition, and promote sustainable agriculture.

Goal 3: Ensure healthy lives and promote well-being for all at all ages.

Goal 11: Make cities and human settlements inclusive, safe, resilient, and sustainable.

Goal 13: Climate Action 

Measuring ESG and SDG’s

To succeed, we first need to measure. The International Cooperative and Mutual Insurance Federation (ICMIF) and the Swiss Re Institute have developed the ICMIF – calibrated Insurance Sustainable Development Goal (iSDG) Calculator. The iSDG calculator is the first tool of its kind to measure our sustainability impact against the insurance SDGs. The information comprising the score is based on two main criteria: insurance portfolios (i.e. Underwriting) and business operations (i.e. Investments).

Mutual Fire Insurance has become one of the first adopters of the Insurance Sustainable Development Goal Calculator. We achieved an impressive first score of 4.65 on a scale of -10 to +10 in 2023. This score indicates Mutual Fire Insurance is 46.5% of the way towards achieving the insurance SDG’s as set out by the United Nations.

With this measure we can gain a stronger understanding of our book of business as it relates to sustainability. It makes the intangibility of these big goals tangible.

Our ESG journey will result in changes to all dimensions of our business, though we will always be guided by our purpose Trust and protection for a sustainable tomorrow.