1. Purpose
The purpose of this ESG Policy is to:
- Establish a framework for managing our environmental, social, and governance responsibilities.
- Ensure compliance with applicable regulations and industry best practices.
- Enhance stakeholder confidence through transparency and accountability by implementing regular ESG reporting, stakeholder engagement forums, and clear disclosure of ESG initiatives.
- Support continuous improvement in ESG performance and risk management.
2. Scope
This policy applies to all IMS operations, employees, and stakeholders. It outlines our commitment to integrating ESG principles into our business practices while maintaining alignment with ISO 27001 standards for information security.
As a leading provider of smartphone and hardware-based telematics and connected insurance propositions, we strive to promote sustainable and safe driving practices through innovation and responsible business operations.
3. Policy
Environmental Commitment
Carbon Emission Reduction
Telematics Solutions: Utilise our technology to provide personalized feedback and smart financial incentives to encourage eco-friendly driving behaviours, contributing to significant reductions in CO2 emissions.
Product Development: Continuously innovate to reduce greenhouse gas emissions, integrating features that track and incentivize sustainable driving practices.
Sustainable Practices
Carbon Markets: Assist insurance company customers in realizing value from positive consumer driving behaviors by providing data analytics, advisory support, and access to regulated and voluntary carbon markets.
Lifecycle Emissions: Educate consumers on full lifecycle vehicle emissions and promote sustainable driving habits.
Social Commitment
Road Safety
Safety Feedback: Provide actionable insights and coaching to improve driving behaviour, reducing accident risks and
enhancing overall road safety.
Community Engagement: Collaborate with communities, governments, and organizations to support the UN’s goal of halving road injuries and deaths by 2030.
Customer Engagement
Privacy and Data Security: Ensure compliance with ISO 27001 by maintaining the highest standards of data security and transparency in data sharing.
Incentives and Rewards: Develop programmes to encourage safe and eco-friendly driving, fostering customer loyalty and reducing insurance premiums.
Recruitment and Investment in People
Equal Opportunity: Commit to diversity, equity, and inclusion by hiring and promoting based on merit without discrimination.
Employee Development: Invest in training, mentorship, and career growth to foster innovation, collaboration, and respect.
Governance Commitment
Ethical Business Practices
Compliance: Adhere to all relevant laws, regulations, and industry standards, ensuring business transparency and accountability.
Stakeholder Engagement: Maintain an open dialogue with customers, employees, partners, and regulators to align ESG initiatives with stakeholder expectations.
Continual Improvement
Monitoring and Reporting: Establish a data-driven approach to ESG performance tracking and reporting.
Innovation and Research: Continue partnerships with academic institutions such as Melbourne University and industry leaders to drive ESG-related research and development, ensuring data-driven improvements and innovation.
Monitoring & Measuring
To ensure effective ESG policy implementation, IMS will:
- Conduct regular ESG performance reviews and audits.
- Set measurable objectives and key results (OKRs) for environmental impact, social responsibility, and governance integrity.
- Publish annual sustainability and ESG performance reports, detailing key metrics such as carbon emission reductions, road safety improvements, and governance enhancements to maintain transparency
IMS is dedicated to making a positive impact on the environment and society through our innovative telematics solutions.By focusing on improving road safety, reducing carbon emissions, and upholding the highest standards of governance, we aim to create a sustainable future for all stakeholders.