Nature is intrinsic to New Zealand’s national identity. It underpins much of our success, while also being the frequent cause of hardship. Events like earthquakes and floods show just how powerful nature can be and the enduring impacts it can have on our lives. Reducing these impacts is at the heart of meeting nature’s challenge. Here’s what we’re focused on:
Reducing our carbon
We’re continuing our work to reduce our carbon emissions and offset those that we cant avoid. We have been carbon neutral since 2012.
Reducing the impact of natural hazards
We’re working to improve how New Zealand reduces and prepares for the physical, economic and social impacts of natural hazards. This includes our work to support changes in Government policy and practice.
Helping others adapt to climate change
We're working to improve how New Zealand adapts to the physical changes of our warming climate. This includes our work to help others understand the consequences of climate change.
Our carbon footprint
Since 2004 we have measured our carbon footprint and had it independently assured. In 2012 we became carbon neutral by offsetting all the emissions we can’t avoid, which we continue to do.
We are focused on reducing our emissions as much as possible and have set science-based targets for our Scope 1 (company vehicles) and Scope 2 (electricity) emissions based on FY17 emissions.
In FY20 we achieved our first target of 20% through steady reduction of our company vehicle emissions and significantly cutting our electricity use. We’re also working to reduce our Scope 3 emissions, principally those from air travel. Full details of our footprint can be found here.
Our climate change activity is underpinned by our Group Climate Action Plan and our sustainability memberships. We were also one of the 12 founding members of the Climate Leaders Coalition in 2018 and have signed up to their higher ambition pledge in 2020. We are also active members of the Sustainable Business Council. We were a founding signatory to the UN Principles for Sustainable Insurance in 2012 and a signatory to the UN Principles for Responsible Investment.
We are proud of our contributions to meet nature's challenge