Catlin’s commitment to our Environment...
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| • Joined ClimateWise initiative in October 2007 • Carbon Offsetting in conjunction with The Carbon Neutral Company |
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Environmental
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The Group’s operations as an insurer do not impact the environment to the same extent as many other companies. Nevertheless, the Group is committed to achieving best practice in the areas in which it does have an environmental impact.
Catlin Underwriting Agencies Limited, a Group subsidiary which manages the Catlin Syndicate at Lloyd’s, in October 2007 joined the ClimateWise initiative. ClimateWise is an initiative supported by various organisations participating in the UK insurance sector, including Lloyd’s and the Association of British Insurers, which have committed to take action on climate change. ClimateWise’s aims include:
- Supporting and undertaking research on climate change, including the evaluation of risks associated with new technologies for tackling climate change;
- Promoting and actively encouraging public debate on climate change and the need for action;
- Reducing the environmental impact of members’ operations; and
- Supporting climate awareness of clients.
Catlin Underwriting Agencies Limited made its first disclosures in connection with ClimateWise in 2008.
The Group has entered into a contract with The Carbon Neutral Company, a leading carbon offset and climate consulting business, to offset the carbon dioxide emissions created by Catlin employees’ business-related air travel relating to 2007 and subsequent years. The ‘offset credits’ purchased by Catlin will be used to finance alternative energy and other environmentally sound projects on a quarterly basis. For example, Catlin’s offset credits in the first quarter of 2008 helped finance the Rhine-Rhur Waste Gas Power Project in Germany, which captures methane gas from three abandoned coal mines and uses it to generate electricity and heat.
The Group utilises video conferencing capabilities in the United Kingdom, Bermuda, France and the United States to encourage employees, where possible, to conduct both internal and external meetings via video conference rather than travel.
The company attempts to make good environmental practice part of its everyday activities. For example, the Group operates a comprehensive document scanning system which enables employees worldwide to view documents electronically rather than on paper, minimising waste. The Group also encourages employees wherever possible to recycle paper and other renewable products. The Group strives to minimise energy consumption through the use of automatic light controls that switch off lights when employees are not at their desks. |
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