Travelers Names Yafit Cohn First Chief Sustainability Officer
15 Août 2019 - 3:00PM
Business Wire
Company launches website presenting its
approach to integrating sustainability efforts with long-term value
creation
The Travelers Companies, Inc. (NYSE: TRV) today announced that
Yafit Cohn has been named Chief Sustainability Officer. In this
newly created position, Cohn will lead Travelers’ environmental,
social and governance (ESG) efforts across the organization and
will serve as a member of the company’s ESG and Disclosure
Committees.
“Deeply rooted in our culture is the recognition that
industry-leading results are inextricably linked with gratified
customers and business partners, engaged employees and healthy
communities,” said Alan Schnitzer, Chairman and Chief Executive
Officer of Travelers. “A Chief Sustainability Officer will enable
us to deepen the sophistication of our sustainability efforts, tell
our story more effectively and engage more broadly as a thought
leader in the related and evolving public policy dialogue.”
Under Cohn’s leadership, Travelers recently launched a new
sustainability website, which addresses 16 topics that the company
has identified as its key drivers of sustained value: Business
Strategy & Competitive Advantages; Capital & Risk
Management; Climate Strategy; Community; Customer Experience; Data
Privacy & Cybersecurity; Disaster Preparedness & Response;
Diversity & Inclusion; Eco-Efficient Operations; Ethics &
Values; Governance; Human Capital Management; Innovation;
Investment Management; Public Policy; and Safety & Health.
Travelers developed its sustainability website with the input of
key stakeholders and taking into account several leading
sustainability disclosure frameworks. It also includes standalone
reports responsive to the Sustainability Accounting Standards Board
(SASB) standards for the insurance industry and the recommendations
of the Task Force on Climate-related Financial Disclosures
(TCFD).
Cohn said, “I’m honored to step into this new role at a company
with a history of demonstrating that long-term success depends on a
commitment to all stakeholders. The relationship of that commitment
and our business strategy is evident throughout our new website,
which conveys how we integrate our sustainability efforts with
long-term value creation. I look forward to continuing to help
articulate Travelers’ view of sustainability and further
contributing to the important public conversation surrounding
sustainable business practices.”
Cohn joined Travelers in September 2017 as Associate Group
General Counsel and currently serves as Chair of the Society for
Corporate Governance’s newly formed Sustainability Practices
Committee. She previously served as counsel and a member of the
Public Company Advisory Practice at Simpson Thacher & Bartlett
LLP, where she advised public companies, corporate management and
boards of directors on an array of issues pertaining to corporate
governance and securities law. She holds a J.D. from Columbia Law
School, where she was a Harlan Fiske Stone scholar, and a
bachelor’s degree in political science, summa cum laude, from
Columbia College. Cohn will report to Christine Kalla, Executive
Vice President, General Counsel and Chief Ethics and Compliance
Officer.
To learn more about the company’s approach to sustainability,
visit sustainability.travelers.com.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of
approximately $30 billion in 2018. For more information, visit
www.travelers.com.
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Investors: Abbe Goldstein, 917.778.6825
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