Net zero consultancy Flotilla has become the first business of its kind to join the British Insurance Brokers Association (BIBA) as the national membership organisation launches its ESG strategy. Flotilla will support BIBA members with their own sustainability ambitions and joins as an associate partner with a bespoke package of support for member companies.
Flotilla is a carbon accounting and net zero delivery partner, combining technology, science-based intellect and expertise to equip businesses with end-to-end solutions that enable them to develop, execute and measure a net zero strategy that not only makes a difference but makes commercial sense too.
Flotilla CEO John Rastrick attended the BIBA conference in May, where the organisation unveiled its Environmental, Social and Governance strategy. John says: “In launching its ESG priorities, BIBA is emphasising the importance of environmental performance, social responsibility and good governance to its members, which makes it the perfect time for us to join the organisation.
“Taking action on sustainability can help solve some of the key challenges insurance brokers are currently facing: attracting and retaining talent, taking advantage of technology, reducing costs, identifying new business opportunities, and gaining competitive advantage. And yet many are struggling to take their first steps towards net zero.
“In our experience as a net zero consultancy, this is usually because they don’t know where to start, they’re not sure what is realistic to achieve, or they don’t have a clear and realistic plan for achieving their sustainability goals. Our offer to BIBA members addresses this, providing them with everything they need to get started and progress along on their net zero journey – all at a specially discounted rate.”
Flotilla is already working with several insurance brokers, including AllClear Travel Insurance and JMG Group. AllClear started working with Flotilla earlier this year to calculate the company’s carbon footprint and will soon be in a position to unveil its net zero strategy.
AllClear’s Head of Corporate Affairs Garry Nelson is part of the senior team leading on the implementation of the company’s ESG strategy. He says: “As is the case in many sectors, the big players in the insurance industry are leading the charge on sustainability, and their focus is inevitably on addressing the issues that matter most to clients.
“This leaves many smaller companies asking themselves ‘what can I do?’ and ‘where do I start?’. Based on our experience so far at AllClear, I’d say to other insurance companies that because our industry is so strictly regulated, you are probably further along on your ESG journey than you think.
“I would also say that when it comes to environmental sustainability, business size isn’t important. There are things we can all do – from big corporates making big changes to small high street brokers taking action at a local level – which will have a positive impact.
“Working with Flotilla enables insurance companies to see what their carbon footprint looks like now, helps them establish where they want it to be, and supports them through a realistic plan for getting there. It will make a big difference to many businesses in our sector.”