Insurers rank as the world’s second-largest money managers, with their investment of premiums holding significant environmental and social consequences. Beyond their financial investments, insurers wield substantial power in determining which businesses are insured, who receives coverage, and the terms of insurance. This authority enables them to shape and accelerate business activities within a market economy.
What are they doing with all this power and capital? Presently, they’re investing and underwriting policies that undermine the future habitability of our planet, resulting in increased risk and higher premiums. With that same power, they could instead be incentivizing industries towards better planetary stewardship that results in lower risk, lower premiums and a planet that is habitable and healthy for generations to come.
Through the power of Collective Action, Premiums For the Planet has devised a novel, innovative, and powerful way for an organization’s insurance spend to advocate for transparency, sustainability, and justice in how this massive industry behaves in investing and underwriting. In this engaging and insightful fireside chat, Brad Stevenson, CEO of Premiums for the Planet, and Patrick Flynn, Advisor, Investor, Board Member, and former Global Sustainability Leader at Salesforce, will shed light on how organizations can make massive sustainability impact and stop undermining their current sustainability efforts with their existing insurance spend, at no extra cost or effort.
More importantly, they will unlock for the audience the most impactful impact lever we have that has been hiding in plain sight. Insurance.
