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

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