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@if_skadeforsakring
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Climate Love
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Söderberg & Partners
59 w
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When we insure our things, we can make an active choice to support a company that actively integrates sustainability into its insurance offering. In our Traffic Light Report, we have promoted IF for its sustainable actions in the non-life insurance sector. They leverage their position as an insurance provider to push their suppliers and customers to be more sustainable. At the same time, they put effort into reducing their own carbon footprint. The 2022 winner in the category of sustainable non-life insurance, IF, has had a well-developed sustainability work for a long time. With an ambitious code of conduct that places high demands on suppliers and continuous calls for customers to act responsibly, they leverage their position to expand their positive impact. They also work to reduce their own carbon footprint through clear goals, regular risk assessments, and proactive action. They drive the development of sustainability integration in the insurance industry by funding scientific research on the subject, which means that they will develop their own sustainability practices going forward. About the Traffic Light Report On March 16th, we released our newest “Traffic Light Report”. This report includes analyses of 3648 funds, 26 pension companies, 13 fund and deposit insurance companies, and 27 non-life insurance companies to find the best actors in the industry. We communicate the results to help our customers make well-informed decisions and increase the sustainability level of their investments.
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Mårten Laurell Thorlsund
241 w
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Stockholm
In if's 2018 Sustainability Report*, If themselves state that they like to act as the major insurance provider that they are to "walk the talk" and they further lay out that 68% of their CO2e (carbon dioxide etc) emission stem from air travel (see image below and p. 14-15 2018 Sustainability Report). Furthermore it states the rahter impressive providing of video conferencing have halped decreades carbon emission when video conferecing and web meeting increased. From flight since 2017 to 2018 was reduced with 3%. This is promising and important! The group had a goal they didn't achieve to reduce flights by 5% between 2016-2018. This well only be met with more actions and bith whip (capping flights) and carrot (top-notch online video meetings). IDEA Make a group-wide Travel Policy to reduce flights by 5% yearly come true through employees being part of a the Travel Policy scheme to cap (maximum number allowed) number of flights (or rather CO2e emissions from air travelled distance) flights availabel and that flight need to be approved in advance by employee's manager. ABOUT if Skadeförsäkring (if) If is a major insurance group company with operations in the Nordics. ABOUT if's REPORTING The group have reported their environmental perfomanced since 2008 when if’s launched it's Evironmental Steering Group. In 2018 first ever Sustainability Report, CEO Torbjörn Magnusson left a few promising notes in the if's to encourage their partners (known as Scope 3) to develop environmental sound products and services, increasing the use of circular economy and resource flows. And last but not least the carbon emissions from if’s own operations (known as Scope 1 and 2) has been slashed by 56% between 2008 and 2018. That is encouraging acting as a stakeholder nudging their customers and partners and providers to realize climate related risk to act on that knowledge. * 2018 Sustainability Report: https://www.if.se/globalassets/se/dokument/if/if-sustainability-report-2018.pdf ABOUT RISK At the core of insurance is calculating and pricing risks. Financial, social, human and environmental risk all rely on the state of the climate and the natural world. Climate relates risk need to be included in all financial and insurance related operations and actions. As individuals we can both lead by asking for climate conscious insurance and be lead by an insurance company that pays extra attention to the risks as played out by the climate crisis in the 21 century.
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240 w
Very thoughtful. I believe that CO2 emission reporting is part of SDGs.
David Olsson
241 w
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Stockholm
Insurance Sweden recommends insurance companies to report CO2 emissions from equity investments but If Skadeförsäkring has chosen to go even further and disclose CO2 emissions from fixed income assets as well. I think this is great and decided to give them climate 💚. However, I wonder what "disclosure" stands for in the table taken from their Sustainability report? Do they only disclose a percentage of investments in terms of CO2?
83 more agrees trigger contact with the recipient
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241 w
I agee, this aspect is crucially important too and equally impressive that if walk the talk here. I too made a climate action (idea) to if!
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57 w
This is impressive.
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59 w
Insurance motivates people to get involved 💚
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59 w
💚 This is where the #Action ls!!🇸🇪