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April Special 2021

<p>AIG provides a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services</p>

AIG provides a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services

AIG believes that commitment to sustainability helps future-proof communities by addressing societal and environmental factors, while enabling economic progress. Building on AIG’s expertise and capabilities in managing risks of many kinds, it can facilitate, design and drive innovative solutions to help clients and partners adapt to its changing world. Its four sustainability priorities align with the core business strategy and include community resilience, financial security, sustainable investing and sustainable operations. 

AIG recognizes the impact of climate change on its business and global communities and is committed to playing a role in addressing these challenges. AIG also acknowledges that climate change is a complex issue and that the world cannot currently meet its energy needs through purely green technologies. 

AIG is well positioned to leverage its global risk and industry expertise to help mitigate greenhouse gas emissions and navigate climate change risks and opportunities in its engagement with clients, policyholders and other stakeholders.

AIG onset

In 1919, Cornelius Vander Starr stepped off a steamship in Shanghai determined to make his mark in the world. Working from a two-room office, he established American Asiatic Underwriters, an insurance agency to which the firm trace its roots. Starr believed in making the world a better place and with other early company pioneers, his organization grew across the world.

Today, AIG is a global insurance company with operations in more than 80 countries and jurisdictions. AIG provides a range of insurance products to support its clients in business and in life, including: general property/casualty, life insurance, and retirement and financial services through its General Insurance, Life and Retirement and Investments business units. AIG says, “What unites us across all of these products is our commitment to helping our clients prepare for what’s next. Whether that’s helping cities and communities to prepare for and recover from natural disasters or providing a financially secure retirement for millions of Americans, we have the specialist expertise to help clients better manage risk.”

Philosophy AIG sticks to

No two risks are the same. Each risk is unique and different industries and businesses have different risk appetites. The role of insurance in risk mitigation and underwriting is an opportunity to apply its technical expertise to help manage today’s risks while supporting solutions to pressing societal problems. No two investments are the same. Each investment opportunity presents unique risks and rewards that AIG carefully analyze.

Given the complexity of these issues, AIG does not publicly comment on underwriting decisions related to specific projects or specific investments. AIG is committed to promoting economic growth and sustainable solutions that benefit society today and for future generations.

A small message from AIG’s Chief Sustainable Officer

"At AIG we celebrate the opportunities to build a more sustainable world and recognize the seriousness of the climate risk that we all face. AIG is committed to our sustainability agenda, which focuses on future-proofing communities through community resilience, financial security, sustainable operations and sustainable investing."

- Jennifer Waldner Grant

Sustainability Governance

Developing a robust governance framework and maintaining transparency with AIG’s stakeholders are important components of its continued commitment to sustainability. To demonstrate its commitment, in 2019, the firm announced the appointment of its first Chief Sustainability Officer, to lead the development and implementation of a company-wide sustainability strategy, including its climate strategy.

To drive integration and advancement of sustainability and climate initiatives into all lines of business, cross-functional teams and working groups have been established. These consist of representatives from the Sustainability Office and every major business unit and functional area. Each working group is sponsored by a member of AIG’s Executive Leadership Team to cascade the tone at the top throughout the entire organization. The Sustainability Office is responsible for driving cooperation and alignment among these working groups. 

Sustainability Working Groups

Sustainability Integration Team: Drive sustainability initiatives within their respective areas, as well as influence and mobilize the execution of AIG’s sustainability strategy across the organization.

Climate Change Working Group: Address business implications, risks and opportunities related to climate and support the development and execution of AIG’s climate change strategy. 

ERM Sustainability Group: Align ERM and AIG’s sustainability efforts by identifying and assessing environmental (including climate-related), social and governance risks within AIG’s enterprise risk management framework. 

ESG Investments Working Group: Align efforts across all investment functions by sharing education, research and data, as well as creating working principles and assessing ESG. 

Employee Sustainability Network: Provide an opportunity for employees to get involved in sustainability initiatives on a more local, grassroots level, while also helping advance AIG’s sustainability agenda. 

Why pick AIG?

AIG is committed to working with you to deliver its mutual clients industry leading solutions.

EAGLE®

  • Manufacturing and distribution: First and third-party (tolling) manufacturing, wholesale and limited retail distribution, brokering (small, mid-sized companies)
  • Chemical-related: Manufacturers, blending operations, distribution operations; raw/intermediate materials manufacturing and distribution (small, mid-sized companies)
  • Utilities- public and private operations: Composting facilities; methane collection and co-generation at landfills; quarries; waste treatment, storage or disposal facilities (landfill, recycling, incineration, transfer stations); waste water treatment plants

Meet the chief

John Repko is Executive Vice President and Chief Information Officer of AIG. He leads AIG’s global technology and sourcing functions, overseeing core shared infrastructure, applications, technology partnerships, procurement and vendor management.

Prior to joining AIG, Mr. Repko was Global Chief Information Officer of Johnson Controls (JCI) since 2016, taking up this position with the merger of JCI and Tyco. He previously served as Senior Vice President, Chief Information Officer and Enterprise Transformation Leader at Tyco from 2012.

Mr. Repko holds an M.B.A. in Systems from Drexel University and a B.S. in Accounting from Villanova University.

“We’re also committed to doing the right thing for our people and the communities where we work and live.”

“We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.”


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