Timothy Sweeney

"So we've got representation goals for our people to make sure that there's equity in our organization and outside of our organization. We put representation goals out where we will be more than 50% female across our entire employee population and more than a third people of color over that same period of time by 2025. And so we feel good about that, and we are marching toward that."

[Speaking about transitioning away from fossil fuels] "We're delighted to have some partnerships with folks where we're trying to be part of the solution to develop those standards. I think this transition is going to take a massive amount of capital, insurance capital and other capital. Many would say the energy transition is going to be the largest reallocation of capital of our time. And so we really do need to mobilize the capital to get it right."

[Q: What does the societal change that comes with renewables mean for your industry?] "It's a key focus of Liberty Mutual and of the insurance industry, all of our peers. We're talking an awful lot about sustainability and about ESG and incorporating that into how we lead and operate and measure our business."

"We in the insurance industry see the impacts of climate change firsthand, the devastating impact on our customers, our homeowners, our automobile customers, our small businesses, our larger businesses, as storm intensity increases and as natural catastrophes become more common and worse. And so Liberty Mutual is deeply committed, as many of our peers are, to being part of the solution across all of the SDGs, including energy transition. At Liberty Mutual, we're proud to have been the first US based PNC insurer to be a signatory to the principles for responsible investment."

"Insurance is inherently a socially responsible product, whether it's climate change and helping people recover from climate events or natural catastrophe events, or helping our commercial customers transition to a clean energy economy, or helping folks in underserved markets, helping people in Brazil, for instance, who might not have auto insurance that's accessible to them."

And so as we think about our decarbonization strategy or our climate transition strategy, front and center in what we're working on are four of the SDGs, which are affordable, clean energy, sustainable cities and communities, responsible consumption and production, and then of course, climate action, which we're talking about quite a bit in this discussion.

"So we have announced commitments on scope one and two greenhouse gas emissions from our operations, and we're down the path on that. And those are commitments that we intend to abide by and exceed. We are no longer, we've said this publicly, we are no longer accepting insurance clients or investment opportunities if the exposure to thermal coal is more than 25% of the exposure or of their revenue. And over the next couple of years, we'll phase out any existing relationships that exceed that threshold. So we're starting to move down the path of trying to play our role in providing incentive and prompting to clients and customers to start to enter their own migration and their own path toward cleaner energy. "

"We've also talked we're talking more specifically, I suppose, about climate change and about the energy transition. But the SDGs overall are just a noble mission, and we're proud and happy to participate in many of those. And our diversity, equity and inclusion efforts, our efforts on energy transition, as I've talked about, and our philanthropy programs all advance many of the SDGs that you folks are talking about and that we're all focused on."