SUSTAINABILITY AT LV=
Our sustainability strategy
We’re focused on building an inclusive, sustainable, forward-looking business for the benefit of our current and future generations of members
Our sustainability strategy focuses on three core pillars that we believe are essential foundations in helping our members and customers for many generations to come. Each of the three pillars include a commitment, goal and key initiatives we’ve got planned to help us deliver on those commitments.
- Safeguarding our Environment
- Sustainable Mutual
- Trusted and Thoughtful Provider
Our 2024 Sustainability Report aims to share with our members, customers, advisers and other stakeholders our approach and what we’re doing at LV= to tackle environmental, social and governance (ESG) issues.
Sustainability strategy
Each of our three strategic pillars include a commitment, goal and key initiatives
Our operations are carbon negative
We calculated our operational carbon emissions and offset 110% of our total emissions, which has supported worthwhile projects.
Voted for by our colleagues in 2024, we supported the following projects:
- Western Province Safe Water Project in Zambia
- Reforestation of Degraded Forest Reserve Areas in Ghana
- Community Boreholes in Eritrea (Northeast Africa)
We continue to identify and implement environmental initiatives to further lower our carbon footprint and reduce the reliance on offsetting.
We’re a Level 2 Disability Confident Employer
This means that we meet the UK government’s high standards as an inclusive employer.
We aim to be inclusive to everyone and are committed to making future positive changes to support all colleagues to give their best.
In collaboration with our Diversability network, we’re delighted by this achievement.
“As the Diversability network Executive Team sponsor, I’m delighted that we’ve reached this milestone in our journey. The purpose of the network is to help us all understand seen and unseen disabilities, how we effectively support our colleagues and be clear on the positive impacts we are making across the business. This accolade demonstrates our commitment to be an inclusive employer and support everyone to give their best, benefiting our members, customers, advisers and each other.” – Harry Hanscomb, Chief Operating Officer
We’re a signatory of the Business in the Community Race at Work Charter
This means we've made a collective commitment to improve ethnic equality.
Our diversity, equity and inclusion strategy aims to create an inclusive culture where all colleagues feel welcomed, respected, supported and valued.
In collaboration with our Respect network, sponsored by Deirdre Davies, LV= Chief Internal Auditor and led by LV= Chief Investment Officer, Adam Ruddle, we’ve joined over 1,000 employers in signing up to the Race at Work Charter – an initiative designed for businesses to collectively commit to improving equal opportunities for Black, Asian, Mixed Race and ethnically diverse employees in the UK.
Signing the Charter means taking practical steps to ensure LV= is representative of British society today and breaks down barriers in recruitment and progression in the workplace.
The charter asks us to:
- Appoint an Executive Sponsor for race.
- Capture data and publicise progress.
- Ensure zero tolerance of harassment and bullying.
- Make equality in the workplace the responsibility of all leaders and managers.
- Take action that supports ethnic minority career progression.
- Support race inclusion allies in the workplace.
- Include Black, Asian, Mixed Race and other ethnically diverse-led enterprise owners in supply chains.
Previous sustainability report
Take a look back at our 2023 Sustainability Report