In terms of sustainability, Grupo SURA outperformed 98% of the organizations from its own sector, according to S&P Global

  • In its Corporate Sustainability Assessment, the Company scored 69 points out of a total of 100, thereby consolidating the results of its performance based on its environmental, economic and social dimensions.
  • Consequently the Company was included in the Dow Jones Sustainability Index Pacific Alliance MILA 2024, which includes the best-performing companies in terms of ESG issues as listed on the stock exchanges in Mexico, Peru, Chile and Colombia.
  • This reflects the importance of sustainable ESG management as well as a long-term vision that is present in the strategy shared by Grupo SURA, its subsidiaries Suramericana and SURA Asset Management, as well as their companies in Latin America.

Last Monday, the rating agency S&P Global announced the updating and rebalancing of the Dow Jones Sustainability Index family for 2024, which groups together the organizations with the best ESG practices, this adjusted according to their free float market capitalization. Thanks to its sustainability performance, measured through its Corporate Sustainability Assessment (CSA), Grupo SURA was included as part of the Dow Jones Sustainability Index Pacific Alliance (MILA).

This year, Grupo SURA obtained an overall score of 69 out of a total of 100 in the CSA, two points higher than in 2023, and higher than 98% of the companies belonging to the Diverse Financial Services sector, this with special emphasis on the Group´s risk management and sustainable finance performance.

"We value these ratings as an opportunity to evaluate our performance, learn about the latest best practices while continuing to grow in a profitable and sustainable manner in all of the SURA Companies in Latin America. This evaluation provides us with a benchmark  against the standards held by investors and markets alike, while recognizing our performance with all of our stakeholders, society at large and nature itself through the financial services we provide," stated Ricardo Jaramillo Mejía, Grupo SURA’s Chief Executive Officer.

Some of Grupo Empresarial SURA's efforts supporting its inclusion in the CSA 2023 World Index

The following are key aspects of the sustainability performance of our SURA Companies.

Grupo SURA furthered its reporting and public information disclosure practices, which was reflected in the improved rating granted by S&P Global in this year's risk management indicator. From the sustainable investment standpoint, Grupo SURA updated its Framework Policy, which guides its own capital allocation decisions and those of its subsidiaries, these including environmental, social and governance (ESG) criteria in keeping with best practices in this area.

SURA Asset Management moved forward in terms of its sustainable investing and climate change management on the part of its Savings and Retirement and SURA Investments lines of business, identifying climate change risks in Colombia, Peru and Mexico, with 80% of its portfolio subject to carbon footprint measurements, and having integrated ESG criteria in 100% of its assets under management. As for financial inclusion, the Company made progress with solutions such as pension insurance and annuities on the part of Asulado, which has reduced inequality gaps in terms of retirement savings. It also carried out the first ever human rights identification survey in the region based on the impact caused by our business and its associated risks, as well as the structuring and dissemination of the Commitment and Policy covering all the Company's lines of business.

Suramericana and its Seguros SURA companies in seven countries, have worked this year to broaden the scope of their carbon footprint measurements belonging to their investment portfolios and policy holders. They also have a methodology for quantifying physical and transitional climate-related risks, as well as for identifying nature related impacts and reliance. From the social standpoint, progress is being made in designing a portfolio having a  social impact and  training our human talent with regard to issues such as diversity, equality and inclusion (DEI), and preventing sexual harassment in the workplace.

Some relevant data on our sustainability performance

  • Sustainable Finance At the end of 2023, Suramericana consolidated USD 63.6 million in premiums corresponding to insurance solutions incorporating environmental criteria, and SURA Asset Management totaled USD 124.3 million in assets under management in investment products also incorporating sustainability criteria.
  • Social investment The SURA Business Group invested USD 19.8 million in 2023, for an annual growth of 24.8%, in areas such as: quality education, building citizenship and promoting art and culture.
  • Identifying and developing human talent. The SURA Companies invested USD 4 million in training their teams in just the previous year. They also were able to maintain a single-digit voluntary turnover (7%) thanks to their integrated talent management.
  • Diversity, Equity and Inclusion (DEI) 4% of the SURA Business Group´s employees are women holding 55.6% of all leadership positions.

About the SURA Business Group:

We are a Colombian Organization founded 80 years ago, that is present in 8 countries in Latin America where we serve more than 44 million clients with the help of nearly 28 thousand employees. Our holding company is Grupo SURA, which manages a portfolio focusing on financial services that includes its subsidiaries Suramericana, specializing in insurance as well as trends & risk management through its companies Seguros SURA, a leader in its industry in Colombia and present in six other countries throughout the region; SURA Asset Management an expert player in asset management, which also has a direct presence in five other countries through its Savings and Retirement business units (pension fund management) and its regional platform SURA Investments. Likewise, the Organization has its own SURA Foundation, incorporated in Colombia, Mexico and Chile.