WWF and RSA are partnering for progress in a changing world. With climate change becoming increasingly urgent, it's more important than ever that businesses and NGOs are working together to drive smart solutions.
We are teaming up to encourage RSA customers to take action on their environmental footprint while helping the insurance industry to research emerging environmental risk and adapt to climate change.
Environmental impact reduction
RSA underwrites business in 130 countries around the world, including personal and commercial insurance. We will work together to increase our understanding of customers' environmental impacts in connection with these products.
In the long-term, the partnership will be looking at developing and promoting products that provide incentives to customers for reducing their environmental footprint – for example, making their homes more energy and water efficient. We will be launching new products together during 2011.
The partnership will also look at RSA's indirect impacts, reviewing carbon emissions in the claims supply chain and investigating how to incorporate climate risk into investment and pension portfolios to encourage responsible behaviour.
Through this innovative research the partnership will aim to drive green approaches to indirect impacts in the finance sector.
Adapting to changes
The partnership will seek out opportunities to increase our understanding of the impacts on society in a changing world. We will jointly research how these impacts relate to each other through developing a systemic risk framework and providing effective knowledge to help raise understanding within the insurance sector.
Together we will aim to help RSA customers adapt to and insure themselves against environmental change, whether looking at risks to shipping in the Arctic, researching the development of renewable energy in China or creating ecologically sensitive flood protection in the UK.