What can this sector do?
The carbon footprint of insurance companies themselves has only a minor impact on climate change (though conversely, climate change will impact the insurance industry heavily) compared to industrial sectors but they can implement various policies to greatly reduce their emissions. They are investing in renewable energy sources, either on-site or from electricity suppliers and are constantly trying to improve energy efficiency. For instance, some offices are increasing the use of low-energy LED lighting or installing gas economisers.
This sector also has an interesting part to play in leveraging corporate climate-change policies through scaling up its stance on assessing climate-related risk in the market-place. This can be powerful in motivating corporations to increase their involvement in carbon-cutting schemes.
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