Sustainability Factors – Investment/IBIPS/Pension Advice:
In accordance with the Sustainable Finance Disclosure Regulation (‘SFDR’), we inform you that when providing advice on insurance-based investment products/Investments, we do not assess, in addition to relevant financial risks, relevant sustainability risks as far as this information is available in relation the products proposed/advised on. This means that we do not assess environmental, social or governance events/conditions that, if they occur, could have a material negative impact on the value of the investment.
When providing advice on insurance-based investment products (‘IBIPs’) or investment advice we do not consider the impacts of our advice that result in negative effects on sustainability factors (namely environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters), because currently there is limited relevant products on the market which meet these criteria. The area of sustainable is relatively new and as the issue progresses, we will review our position. The firm will review this approach on an annual basis in January each year.
We have not assessed the likely impacts of sustainability risks on the returns of Investment/Pensions since we have not been able to identify any sustainability risks that are relevant.
What we do to sustain the planet
Every year at Hastings Insurance we review our energy use from our business operations such as business travel, transport, office heating and air conditioning, lighting and cloud computing. We minimise our usage and local emissions through use of electric cars and sustainable energy providers.
With our partners, Catch My Carbon we calculate how many trees we need to plant every year to ensure we offset the carbon we create from our operations. Offsetting occurs over a 20 year period as the trees grow and mature. Annual overplanting ensures natural loss is accounted for.
By planting only native Irish trees Oak, Hazel, Rowan (Mountain Ash), Scots Pine, Alder, Beech and Silver Birch in selected west of Ireland sites we promote biodiversity and create habitats for native species.
Permanent Micro Forests
Catch My Carbon only work with landowners who sign up to their code of ethics to ensure the trees are never harvested, and through a rigorous independent audit we are assured of the processes they use to plant and maintain our trees, every year,
We are committed to ensuring our business is sustainable and does not contribute to greenhouse gas emissions, and over time will improve our natural landscape leaving a legacy that Hastings can be proud of!