As the effects of climate change are increasingly being felt around the world, companies are facing unprecedented scrutiny over their commitments to the future of society.

Mika Nabeshima, Chief Sustainability Officer for オンライン カジノ 入会 ボーナスne Group, believes insurance has a significant role to play beyond its traditional responsibility of providing financial relief in the wake of disasters. She discusses how the insurance industry can actively provide support across all phases of climate risk, from prediction and prevention, to mitigation, to building back better.

Insurance is a promise.

A promise to help in the future if things go wrong. To provide financial support in the event of a loss. To stand with communities and companies in their time of need. To help people and businesses get back on their feet when disaster strikes.

However, simply replacing old with new, like for like, is not sufficient. As communities face increasingly extreme risks and our weather becomes more volatile, our role is to support them to build back better, become more resilient, and be better prepared for the future. We aspire to support people and businesses who are rising up to the challenge of building a better society, even in such an uncertain environment.

To deliver on our promises, we must ensure that オンライン カジノ 入会 ボーナスne Group has the tools to take on tomorrow. Having spent the last five years futureproofing the firm’s workforce, embedding diversity, equity and inclusion (DE&I) into the heart of our growth strategy, I am now applying the lessons learned to my role as Group Chief Sustainability Officer. The two jobs have a distinct similarity - both DE&I and Sustainability are fundamental to our company culture.

Progress on sustainability involves finding common ground and solutions with stakeholders who have different definitions of the topic itself. Progress hinges on transparency, honesty, and most importantly, full throated support. A successful approach to sustainability is one that is embedded in every aspect of the business; considered in every decision. As a Group, we have the track record and capabilities to effect meaningful progress on some of the greatest issues of our time.

When intercontinental shipping routes enabled globalisation in the 19th century, we were on hand to insure the vessels and cargo, facilitating an explosion in global trade and commerce. When cars entered mass production at the turn of the 20th century, we launched our auto line of cover, underpinning a fundamental shift in transportation. Behind every modern advance in technology and innovation, we have been present, pioneering new insurance across the risk spectrum. Our active role stems from our history in the Japanese market, one of the most catastrophe-exposed places in the world, which has furnished us with a unique understanding of natural perils.

Today, climate change and the global transition to more sustainable practices rank among our societies’ greatest challenges. We must be at the forefront of driving change. We have been engaged in planting mangrove forests, our longest-standing initiative, since 1999. Mangrove forests store atmospheric carbon and become vital natural ecosystems to preserve biodiversity. They provide resources for fisheries and enrich the lives of the community while simultaneously acting as a barrier against waves, storm surges and tsunamis. In total, 12,261 hectares of Mangrove forests, equivalent to 36 Central Parks, have been planted since we began this initiative. But we must do more.

We have identified two additional areas where we can bring our full expertise to bear – promoting green business and supporting the drive to carbon neutrality. For the former, we are supporting renewable energy companies around the world to scale up their production and accelerate innovation. For the latter, we are enabling companies and communities to develop and implement decarbonization strategies by offering solutions that go beyond insurance. Reaching net zero emissions is vital. We are working to balance our commitment to the current generation’s prosperity with our responsibility to guarantee the security of those who will inherit our planet.

Insurance is a promise that comes with obligations beyond waiting for disaster to strike. Climate change is causing natural catastrophes to affect more places and cause greater devastation. We need to step past our traditional role as an insurance company, and become actively involved in the prediction, mitigation, and prevention of climate risks. In light of this realization, we launched in November 2021 the Disaster Prevention Consortium (CORE) aimed at building a disaster-resilient society. As of July 2024, 121 companies have joined, and CORE has come to represent one of the largest private sector disaster prevention ecosystems in Japan, as well as a template for collaboration globally.

Our efforts are not confined to Japan. To name a few examples of our global initiatives: Through our partnership with Hollard in South Africa, オンライン カジノ 入会 ボーナスne offers an affordable package of fire cover and family cover insurance to low-income households. Through Philadelphia Insurance Companies (PHLY) in the US, オンライン カジノ 入会 ボーナスne is distributing temperature and humidity sensors at no cost. Nearly 30,000 units have been distributed so far, with the aim being to help prevent accidents such as fires and water leaks. Also, オンライン カジノ 入会 ボーナスne’s PURE business has established a crisis management center that provides disaster forecasts and evacuation guidance by continuously monitoring weather conditions.

Since 2020, PURE has handled around 2400 wildfire alerts issued by municipalities and has dispatched private fire departments over 100 times.

No single actor or segment of society can fix the problems we all face. Finding sustainable solutions to our era’s greatest challenges will require a broad range of partnerships and collaboration on an unprecedented scale. While the path remains undecided, I believe our end goal is clear. Where solutions exist, オンライン カジノ 入会 ボーナスne will support their implementation. Where none are yet known, we will help find them. Being there in times of need is at the center of our mission of inspire confidence and accelerate progress.