One PI insurance broker has recently announced it has achieved zero-carbon emissions status, upping its environmental credentials through the clean environment trust pure verification procedures.
Brunel Professional Risks also announced that it has become the first small and medium business enterprise member of the professional liability insurance industry climate change initiative called Climatewise. The initiative, which is facilitated by the University of Cambridge, encourages members to commit to the principles of the organisation, which include supporting climate awareness among clients, undertaking risk analysis, and reducing the environmental footprint of businesses.
The business insurance broking specialist has agreed to undergo quarterly audits of its carbon emissions through Pure. This includes office consumables such as office stationery, office power consumption, and also all commuting and travel by Brunel staff members.
Brunel will be given a target each quarter for reduction of its carbon emissions. Any balances will be offset through the use of carbon credits, Brunel said.
The broker added that steps have already been taken such as gradually moving towards a completely paperless environment by removing office printers. The firm has also migrated its IT systems to a cloud computing solution to both improve security and reduce infrastructure.
Brunel Professional Risks managing director Russell Lane remarked that one of the massive issues for the insurance industry is climate change. As claims are likely to resultantly rise significantly, Mr Lane added that all business firms have a responsibility to play their role in addressing the issue.
Building Brunel’s business sustainably is a key commercial decision, stated Mr Lane, as it will both give the firm a true competitive edge and also reduce its oeprating costs as well.