The Clear Group has announced its commitment to achieving Net Zero carbon emissions by 2030 and has taken the first steps in doing so.
The group said it is the first insurance broker to set this commitment through the Science Based Targets Initiative. The Science Based Targets initiative is a coalition established in 2015 which aims to enable companies to set emission reduction targets in line with leading climate science.
It is a collaboration between CDP (a not-for-profit charity), the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature.
Over the past 12 months the team at Clear has been collecting and analysing data on its environmental impact to uncover its carbon footprint as a business.
To begin, Clear revealed it is upgrading its IT suite, which will allow the business to reduce the number of IT facilities required. This action fulfils one of the key carbon net-zero initiatives and will help reduce power consumption across the business.
In addition, while the Covid lockdowns have clearly reduced travel, Clear added it is “determined to address how to make business journeys more environmentally sustainable in the future”. As such, its staff are now keeping a more detailed record of their business mileage and flights, which will be “essential” for Clear in reporting its carbon emissions accurately each year.
The Clear Group is committed to achieving Net Zero by 2030 by reducing its carbon footprint by 30% from a 2019 baseline. In order to make a positive impact straightaway, Clear said it has become carbon neutral through the purchase of carbon credits.
Carbon credits, or offsets, help finance clean energy projects in emerging countries through Climatecare, which help organisations take responsibility for their climate impact by financing, developing, and managing carbon reduction projects across the world.
Dan Innes, a director at the Clear Group, said: “We have ten years to achieve a 30% reduction in our emissions, which is ambitious but necessary. Our first initiatives are just the start of a long and challenging, but absolutely vital, project and we have a great deal more to do in tackling the causes of climate change.”