2023 Foresters Purpose and Sustainability Impact Report
Providing financial security and inspiring others to give back – that’s sustainability to us.
“Enriching family and community well-being is the guiding compass and foundation of Foresters sustainability approach. From that foundation, we’re helping our members feel financially secure and live well, empowering people to give back in their own ways and doing our part to reduce Foresters carbon footprint."
Matt Berman,
President and Chief Executive Officer
“In the UK, the advice gap is affecting millions of people who either can’t afford financial advice or do not know where to turn for it, and we’re committed to changing that. Foresters helps everyday families improve their financial well-being with accessible support and the advice they need to invest and protect themselves."
Nici Audhlam-Gardiner,
Chief Executive Officer and Executive Director
“Sustainability is not just a trend for us; it’s a core responsibility. As we mark this milestone anniversary, we’re more excited than ever about the future. Our commitment to making the world a better place remains as strong today as it was 150 years ago when we began this journey.”
Caroline Rendall,
Chief Risk Officer and Executive Sustainability Sponsor
United Nations Sustainable Development Goals
We prioritize three of the 17 United Nations Sustainable Development Goals that best suit our purpose of enriching the well-being of our members, their families and communities – Goal 3: Good health and well-being, Goal 11: Sustainable cities and communities and Goal 13: Climate action.
Our approach to sustainability
Our sustainability framework is our roadmap to building a better future together:
At Foresters
We are improving our day-today business operations’ environmental and social impact and ensuring good governance.
Our members, employees and advisers
We are helping our members to enhance their well-being, our employees to belong, learn, and thrive, and our advisers to succeed.
Families and communities
Together, we are enriching the well-being of families and communities.
Society
We’re making a difference in society through our actions, helping to shape a better future for everyone.
Looking back at 2023 and forward to our goals in 2024
2023 highlights
From meaningful investments that help our members live well and do more good to reducing our carbon footprint and empowering employees to give back, we accomplished a lot in 2023.
2024 targets
This year, our plan is to continue investing in our members to support their communities, while also inspiring more employees to help causes that are meaningful to them.
£6 million+
Invested in member benefits1, excluding community sponsorships and donations.2
£6 million+
Invested in member benefits, excluding community sponsorships and donations.
£1.8 million+
Invested, from the total £6 million+, in Community Volunteer and Foresters Care grants.
£1.8 million+
Invested in communities through Community Volunteer and Foresters Care grants.
25%
Of Foresters employees who volunteered.
75%
Of Foresters employees volunteering.
23%
Reduction in carbon emissions from our own fuel and electricity use.3
“Sustainability goes hand-in-hand with our purpose of enriching the well-being of our members, their families and communities. From our products to our offices, members, employees and everything in between, we are working to embed our sustainability approach in everything we do. I am incredibly proud to share the measurable progress our organisation is making.”
Clare Jenkinson
Head of Sustainability
422549 UK (08/24)
- Foresters member benefits are non-contractual, subject to benefit-specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice or are no longer available. Some of these benefits may be administered by third parties, such as Foresters Go which is operated by Dacadoo AG. For further details, go to foresters.com.
- A £6 million investment was made in member benefits, including scholarships, Foresters Renew, LawAssure, lifelong learning, Foresters Go, member deals, critical illness coverage, terminal illness coverage, orphan benefits, senior member benefits, community volunteer grants, Foresters Moments, Foresters Care, branch matching, and member engagement. However, this investment does not include community sponsorships and donations.
- Calculated internally using utility bill data and company car mileage. In cases of shared occupancy in a building, total emissions have been proportioned accordingly. Where data is unavailable, estimates have been utilized, based on past results. Figure is rounded to the nearest whole number.