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INNOVATE

As we collectively work to hasten net-zero emissions without off-setting by 2050, new opportunities have emerged which foster the innovation of green products and technologies. This green revolution is helping to power the mitigation work needed to reduce harmful emissions and uncouple carbon from economic growth. The UK insurance and long term-savings industry holds over £1.6trillion worth of assets with huge potential to be unlocked for greater investment in infrastructure and green technology.

Our Climate Change Roadmap: Meeting Net Zero by 2050 

The UK Insurance and Long-term Savings sector is committed to reaching Net Zero by 2050 and to the global target of a 50% reduction in emissions by 2030 – in line with the Intergovernmental Panel on Climate Change (IPCC)’s Paris Climate Goals.

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Direct Line Group

Innovation is at the heart of our members’ work to achieve carbon neutrality without offsetting. As well as good performance on internal targets on recycling and energy use, Direct Line Group continue to implement significant changes in their repair centres for vehicles with the aim to be the most energy-efficient repair network in the UK. For example, starting to fit new paint spray booths has led to greater control over how much power is required, leading to energy savings of up to 40%, alongside training technicians in new repair techniques reducing the need for repair materials. These are just two of many ways in which our members’ reach can go beyond their own operations into the wide range of work they undertake across the UK.

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