Environmental,
Social & Governance

Somerset Bridge Group is aware that Environmental, Social, and Governance (ESG) considerations are essential to the success of our company in the long term, and we are dedicated to incorporating ESG factors across all areas of our business, where possible.

Our ESG initiative is driven and supported by our ESG framework, which covers four impact areas. By structuring our approach around these pillars, we hope to promote ESG achievements and sustainability advancements throughout our business.

Our ESG Framework

Our ESG Priorities

E
Carbon Emissions
Climate Change
Energy Efficiency
S
Community Relations & Engagement
Employee Health & Safety
Diversity, Equity & Inclusion
G
Business Ethics & Standard
Corporate Governance
Data Privacy & Security

Environmental

Carbon Emissions
  • Locally sourced food providers
  • Removed plastic cups in our offices
Climate Change
  • For every Vavista car insurance policy sold or renewed, we plant a tree
  • Vavista offsets its employees’ carbon footprint
Energy Efficiency
  • Solar panels in our Bristol office

Social

Community Relations and Engagement
  • Community days for all employees
  • Charity work (national and regional)
  • Sponsorship of local charities/fundraising
  • Matching of personal charity fundraising
  • Toilet twinning
  • Period Poverty
Employee Health and Safety
  • Annual risk assessments carried out
  • Trained fire marshals, first aiders and mental health first aiders
  • Mandatory internal training programmes
  • Wellbeing Events
  • Financial Health Training/Webinars
  • Employee Assistance Programme
  • Health and Wellbeing App (WRKIT)
Diversity Equity and Inclusion
  • Dedicated DEI working group
  • Annual awareness days (Pride/Mental Health/Black History)
  • Mandatory Unconscious Bias training
  • External speakers Inclusive job adverts Diversifying Group job board
  • Gender neutral language
  • Use of Alvalabs platform to remove unconscious bias
  • Inclusive benefits i.e. religious bank holidays
  • Parental Leave/IVF Hybrid working
  • DEI interview training for direct report managers

Governance

Business Ethics and Standard
  • Values interwoven into employee appraisals
  • Code of conduct signed by all employees
  • Mandatory training for all employees on business practices from treating customers fairly to vulnerable customers
Corporate Governance
  • Risk assessments/ Audits of our business
  • Underwriting Workflows
  • Investment Strategies
  • Board Structure
  • Remuneration Policies
  • Compliance Training
Data Privacy and Security
  • In-House Solicitor
  • In–House DPO
  • Data Champion Team
  • IT Cyber Training modules
  • Data Awareness/Information
  • Security communications calendar
Systemic Risk Management
  • Risk committee
  • Exec Risk committee
  • Emerging Risk committee