MoreThan has become the first UK insurer to become carbon neutral. The Royal & SunAlliance-owned brand says it took the decision after research suggested 75% of consumers think insurers should take climate change into account in their business.
The company is supporting methane capture in Germany, solar lighting in rural India and wind farming in India and New Zealand to achieve carbon neutral status.
R&SA has offset its remaining carbon footprint by buying voluntary carbon reductions through The Carbon Neutral Company. Its footprint is now 31,000 tonnes of CO2 emissions, down from 63,000 tonnes in 2000-01.
R&SA UK chief executive Bridget McIntyre says: “Climate change is one of the biggest threats we face and legislators around the world have been charged with reducing carbon emissions by 60% over the next 30 to 50 years. This can only be achieved if businesses and individuals play their part, and we recognise that we have a responsibility to minimise our impact on the environment.”
McIntyre adds that achieving carbon neutral status is the result of a long-term carbon reduction programme. R&SA has been reporting publicly on its impact on the environment since 1999 and has undertaken a range of actions to reduce its carbon emissions since 2000. Measures include setting targets to reduce its impact on the environment, using “green” electricity in more than 90% of its offices and working with the Carbon Trust to identify energy savings.