ESG Frameworks
ESG Frameworks as a Driver of Sustainable Business in Insurance
Insurance industry plays a key role in the economy, in the protection of the environment, and in the integration of the ESG framework into the business strategies and the corporate culture. DDOR is strongly committed to protecting the environment and fighting the climate change, as revealed by the integration of 5 Sustainable Development Goals of the UN 2030 Agenda into the strategy of the Group. Climate change matters because it is a risk, which has a tremendous impact on extreme weather events and natural catastrophes.
At the beginning of 2023, DDOR Novi Sad was organizationally strengthened by establishing the Sustainability development department, achieving a formal recognition for all previous and ongoing actions in merging our core business areas with the principles of socially responsible business. Therefore, seen through the insurance functional prism, DDOR Novi Sad perceives ESG integration process through improvement, implementation and conduction in:
- Product underwriting,
- Sales,
- Claims,
- Control functions,
- Sustainability and
- other departments.