Coaction Global, Inc (Coaction), a privately‐owned specialty property and casualty (P&C) insurance company, is pleased to announce the company has become the first commercial P&C insurance company to become a certified B Corporation (B Corp).
B Corp certification recognises a select group of businesses based on their performance, accountability, and transparency on factors from employee benefits and charitable giving to renewable energy use. Coaction, in particular, has worked hard to responsibly balance environmental, social and governance (ESG) concerns with the strategic considerations needed to achieve business objectives and benefit stakeholders. B Corp certification is one stop on Coaction’s ESG Journey, as detailed in its 2022 ESG Fact Sheet.
“Coaction is committed to fostering a supportive and inclusive environment for our current and future team members,” said Jonathan Ritz, CEO of Coaction. “We are integrating ESG risks into our ERM framework in order to thoroughly consider ESG opportunities and risks to our business. We recognise that climate patterns are constantly changing and pose an increased risk to our industry and financial system. To accommodate this reality and achieve financial resiliency, Coaction is integrating the financial risks associated with climate change into our governance and risk management frameworks and our business strategies.”