Our impact on the climate
As one of the leading insurance companies, we have great opportunities to work on the climate change issue, on our own behalf and through our suppliers and clients. Apart from cutting down on the number of business journeys, we are also taking responsibility by investing in a number of projects which reduce carbon-dioxide emissions on a global basis.
If – climate-neutral since 2011
Since 2011, If is a climate-neutral company. This means that all of the environmental impact implies a direct cost. Awareness is thus increasing within If while all of its employees are also working together on a shared long-term goal – of reducing the group's impact on the environment, which in turn contributes to lowering the direct costs that this implies.
Climate compensation through global undertakings
Since the turn of the year 2010-2011, we are paying climate compensation for the group's overall carbon dioxide emissions in the Nordic region by investing in a Clean Development Mechanism (CDM) project. CDM is a system developed under the Kyoto Agreement and is run and monitored by the UN for proven climate benefit. Within this project, If has invested in a biomass power station in Gayatri in India and can therefore be classified as a climate-neutral company. The purpose of the project is to reduce the emissions in developing countries.
Apart from compensating for If's impact on the climate, the investment and power plant are also contributing to the development of the local community in Gayatri.
Read more about the UN's CDM project
Behavioural change with a positive outcome
Since our largest carbon dioxide emissions occur in conjunction with business journeys, we have been working actively to change the group's meetings culture and behaviour. This is done, quite simply, by travelling less and increasing the number of video-conferences instead.
This work has involved us currently having 65 video and Internet conference facilities within the group. Thanks to these replacing traditional travelling, If has succeeded in cutting travel by 20 per cent since 2009, which is equivalent to SEK 23 million in financial savings.
If's overall volume of carbon dioxide emissions, direct and indirect, amounted to approx. 15,000 tonnes in 2010. 70 per cent of the overall carbon dioxide emissions, equivalent to just under 11,000 tonnes, arose in conjunction with business journeys by air, rail and car. Approx. 4,500 tonnes of carbon dioxide out of the total emissions arise from purchased energy, above all in the form of electricity for heating office premises.