NCI’s ESG Integration:
A Framework for Sustainable and Social Impact
NCI recognises the growing importance of Environmental, Social, and Governance (ESG) considerations in the business landscape.
This strategy outlines a comprehensive framework for NCI to integrate ESG principles into its core operations, fostering long-term sustainability and positive social impact.
Strategic Pillars
NCI’s ESG strategy is anchored by three key pillars:
Environmental
NCI is committed to minimising its environmental footprint and promoting responsible business practices throughout its value chain.
Social Responsibility
We strive to foster a diverse, equitable, and inclusive workplace while contributing positively to the communities we serve and work in.
Governance
NCI upholds the highest ethical standards and fosters a culture of transparency, accountability, and risk management.
Environmental
NCI’s ESG strategy is anchored by three key pillars:
Client Engagement
Develop a framework for working with and attracting clients with strong environmental management practices, considering factors like renewable energy use and pollution control measures.
Sustainable Operations
Implement measures within NCI’s own operations to reduce paper consumption, promote energy efficiency, and minimise waste generation.
Product Innovation
Explore the development of credit insurance products that incentivise environmentally responsible practices among clients.
Carbon Footprint
NCI will actively measure our Carbon Footprint and have it verified by a third party on an annual basis. Considerations and discussions will take place around moving towards becoming Carbon Neutral.
Carbon Footprint
Social Responsibility
Diversity & Inclusion
Actively promote diversity, equity, and inclusion within the NCI workforce, fostering a respectful work environment for all.
Supply Chain Management
Encourage and support suppliers who demonstrate strong labor practices, fair wages, and safe working conditions.
Community Engagement
Partner with or support organisations that address social issues relevant to NCI’s local communities.
Governance
Risk Management
Actively promote diversity, equity, and inclusion within the NCI workforce, fostering a respectful work environment for all.
Corporate Governance
Encourage and support suppliers who demonstrate strong labor practices, fair wages, and safe working conditions.
ESG Reporting & Disclosure
Partner with or support organisations that address social issues relevant to NCI’s local communities.
Implementation and Monitoring
ESG Committee
Establish a dedicated ESG Committee to oversee the development, implementation, and ongoing monitoring of this strategy.
Measurable Goals
Establish time-bound, measurable goals for each ESG initiative to track progress and ensure accountability.
Employee Training & Awareness
Educate employees at all levels about ESG principles and their individual role in NCI’s ESG strategy.
Stakeholder Engagement
Regularly engage with stakeholders on ESG matters to understand their expectations and build trust.
Conclusion
NCI recognises that a strong ESG strategy goes beyond compliance; it signifies a commitment to a sustainable future. By integrating ESG principles into its business operations, NCI can enhance its reputation, attract responsible businesses as clients and contribute to a more just and environmentally conscious world. This strategy will evolve to reflect best practices and emerging industry trends, ensuring NCI remains an ESG leader in the credit insurance broking industry.
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