Sustainability
Our promise
Our sustainability strategy is defined along three pillars; stakeholder outcomes, business governance and responsible investing. These are underpinned by policies and targets across the Company, recognising that managing a sustainable business encompasses a range of topics.
Our strategy
Stakeholder outcomesWe believe that sustainable value creation drives long-term success for our stakeholders — enhancing outcomes for our customers, employees, shareholders, investors, suppliers, the environment and other stakeholders. Our commitment to ensuring that our shareholder portfolio has Net Zero carbon emissions by 2050 is part of this.
Robust GovernanceWe view strong governance as essential to durable and responsible business performance. We consider our business ethics and compliance policies, with clear accountability and effective independent board oversight, as the cornerstones of our governance and risk management frameworks.
Commitment to Responsible InvestingAs a signatory to the United Nations Principles for Responsible Investment, we adhere to its six principles which provide a framework for integrating environmental, social, and governance considerations into our investment activities. This framework guides our decisions toward long-term value creation by encouraging a focus on systemic risks, sustainability, and outcomes that support a more resilient global economy.
Sustainability
We are committed to operating responsibly across our business, people, and investments — reducing our environmental impact, nurturing an inclusive workplace, and targeting net zero by 2050.
We are committed to reducing our environmental impact and our aim is to reduce the carbon emissions from our operations and suppliers.
Our business has delivered a range of initiatives in order to lower the carbon footprint of our office. All electricity provided to our UK office comes from a supplier of 100% renewable electricity as certified by the Carbon Trust.
Within our supply chain, we look to work with select organisations which operate in line with our corporate philosophy and help us deliver our long-term vision. We encourage use of recycled materials and look to evaluate the environmental impact of any products we source as well as considering how they are disposed of in order to reduce our environmental impact.
As the business develops, we will continue to identify ways to deliver efficiencies and reduce our environmental impact further.
We aim to make a positive difference to our people and our communities.
Our people are core to the success of the Company, both individually and collectively. It is therefore critical that everyone working with us can enjoy a diverse and vibrant work environment.
An important focus is embedding our culture and values across our business. We want all our people to:
It is important we are viewed as an attractive place to work and sustain a working environment where we can continue to attract and retain the best talent. We actively encourage internal mobility to offer career opportunities which enhance the skills and experience of our people, as well as external hiring to enrich our skillset and provide fresh perspectives.
We believe we should have a positive impact not only on the lives of our people, but also on the communities in which we operate. Local initiatives include fundraising events for local charities, donation matching schemes, work experience and we encourage volunteering within the community to support local organisations.
We take an active approach to responsible investing. Our Sustainability Policy sets out our commitments and is the cornerstone of our commitment to be net zero by 2050 in our shareholders assets, as measured by carbon intensity. This commitment is aligned with a maximum temperature rise of 1.5 degrees above pre-industrial levels as outlined in the Paris Agreement.
As a member of the Accounting for Sustainability Charter for the Bulk Annuity process, we adhere to the four key principles of transparency, decision making, reporting and engagement, and collaboration.
Partnerships
We support the following organisations as part of our commitment to enable progress in the journey to net zero.
JAB Holdings, JAB Life & Pensions parent company is a signatory to the United Nations Principles for Responsible Investment, and we adhere to its six principles as a framework for integrating environmental, social, and governance considerations into our investment activities.
JAB Life & Pensions is a supporter of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures and endorses its recommendations.
JAB Life & Pensions is a signatory of the Sustainability Principles Charter for the Bulk Annuity Process and adheres to its principles of transparency, decision making, reporting, engagement and collaboration.
More information
TCFD reports for individual unit-linked funds can be found on the Morningstar website - where can be accessed here.
Click here to view the TCFD report for With-Profits Sub-Fund 1
Click here to view the TCFD report for With-Profits Sub-Fund 2
Click here to view the TCFD report for With-Profits Sub-Fund 4
Click here to view the TCFD report for With-Profits Sub-Fund 6
We understand that you may have further questions, so we have compiled some additional questions and answers here, which we hope you find useful.
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