Co-op Insurance partner with Climate Care on carbon offsetting programme

Co-op Insurance is the first major insurance company to offset a proportion of customers’ carbon emissions as standard.

By offsetting a proportion of its customers’ carbon emissions via its direct motor and home policies, Co-op Insurance has saved more than 2 million tonnes of carbon emissions to date, with four people helped by each tonne of carbon offset. Furthermore, 797 miles are offset for every motor policy purchased.

The project, which has been accredited as Gold Standard, is equipping people in Ghana with the skills and knowledge necessary to manufacture, market and sell Gyapa stoves (meaning ‘good fire’), helping to fund the provision of cleaner cookstoves for 140,000 people in Ghana.

Mark Summerfield, CEO of Co-op Insurance, said: “We offer new customers carbon offset as standard on all home and motor policies, at no extra cost.

“We have chosen this project specifically as in addition to its environmental impact, it offers excellent long-term social benefits such as job creation, and is helping to facilitate a better quality of life for thousands in the developing world.

“This exciting project is one of the many ways we’re committed to doing business ethically; we already source 99% of our electricity from renewable sources (including our own wind farms), and have reduced our direct carbon footprint by 46% since 2006.

“We all have a part to play in addressing the pressing issue of climate change, and through this offer we’re making it easier than ever for Co-op customers to make that choice.”

In addition to reducing carbon emissions, the Gyapa stoves replace less efficient cooking methods such as open-burning of wood and coal, helping to improve air pollution and in turn help reduce an estimated four million premature deaths per year caused by unclean air.

The project is also helping to build sustainable long-term income for locals with 350 skilled manufacturers producing and selling 12,000 stoves each month, benefiting over 500 local retailers.

For more information on how the Gyapa stoves are helping communities in Ghana visit: https://www.co-opinsurance.co.uk/supporting-communities/carbon-offset

Related Post

thumbnail
hover

Wind farms set new records in...

Record levels of wind generation and high gas prices dominated Britain’s power market in the first three months of the year. This is one o...

thumbnail
hover

Turn a good opportunity into an...

As industry’s drive towards greener fuel sources continues, biomass users could gain up to double their Renewable Heat Incentive (RHI) inc...

thumbnail
hover

Hydro investment supports employment and land...

One of Scotland’s well-known country estates has built its fifth hydroelectric scheme which is helping to fund important land management w...