Why NZI is passionate about sustainability
Since 2003, NZI has adopted a whole-of-business approach to sustainability. This means sustainability is an integral consideration of everything the company does, both within its operation and in relation to its customers.
Take climate change for example - possibly the biggest issue facing the insurance industry this century. In New Zealand 18 of the largest 20 insurance losses in the last four decades were caused by storms and floods.
NZI has been concerned about the impact of climate change on the community for a number of years. But it also firmly believes it's not too late to prevent the worst impacts of climate change - if everyone takes immediate action.
By reducing the more severe impacts of climate change, the number of insurance claims will decrease. Reducing claims costs will mean premiums remain more affordable over time, which means financial sustainability for NZI and for New Zealanders.
Achievements by NZI from a sustainable point of view
NZI has introduced new products to encourage its customers to lower their emissions. Whether it's replacing customer's appliances with more energy efficient models, building sustainable features into homes, or giving discounts for driving less, it makes good environmental sense and also saves NZI's customers money on their power and fuel bills.
NZI is the first insurer in New Zealand to offer green incentives to customers. It's a practical way they can support their customers in making a difference.
Future NZI plans in sustainability
|Within its own operation, NZI has a goal to be carbon neutral by 2012. Shrinking carbon emissions as its business expands is a challenge the company takes very seriously. It has identified the major impacts of its business are paper use, air travel, car fuel and electricity consumption. The company now sets targets, monitors progress and reports on CO2 emissions every month so that all employees can see how their actions make a difference.
In 2009, NZI will move its Auckland-based staff to one of New Zealand's most energy-efficient buildings. The purpose-built development at 1 Fanshawe Street in Auckland's CBD will accommodate around 700 staff and has a five green star rating meaning it shows excellence in environmental design and exceeds best practice expectations.
NZI is on track towards achieving its 2012 goal - this year alone accomplishing a 9% reduction in CO2 emissions.
Why NZI have got behind the SBN Awards
NZI's whole of business approach to sustainability extends beyond its own footprint to encouraging environmental responsibility among its customers and suppliers.
To be part of the awards, businesses must have participated in the Get Sustainable Challenge and be assessed by the Sustainable Business Network on a range of areas that demonstrate a commitment to sustainability.
NZI is proud to sponsor the SBN awards to recognise and support these companies for their admirable efforts in sustainability.