Why Commercial Sustainability? Why Commercial Sustainability? For us, Commercial Sustainability includes The term sustainability is broadly used to Commercial sustainability aims to accelerate two key terms: indicate programs, initiatives, and actions corporate alignment with more sustainable Commercial stands for commercial that are aimed at preserving a particular practices that improve how we operate lines insurance provided to corporations, resource and supporting the long-term using new economic methods and advanced including major industrial, commodity, resilience of others. It refers to human, social, technologies. Still today, 80% of the and energy companies that must today economic, and environmental considerations innovation remains environmentally focused. “energy transition” their business and –known as the four pillars of sustainability. Accenture, in collaboration with the World operational models. This was when circular economy business Economic Forum, showed that digital Sustainability relates to economic, models became popular to curtail the technologies, if scaled across industries, challenge economies and businesses created could deliver up to 20% of the 2050 environmental, and societal initiatives (and still create) from excessive reliance on reduction needed to hit the International and the crucial criteria associated with others’ resources. Energy Agency net-zero trajectories in the delivering more sustainable capabilities. Within commercial lines insurance, this entails energy, materials, and mobility industries. delivering sustainable value for commercial These industries can already reduce lines customers, employees, shareholders, emissions by 4-10% by quickly adopting and the communities at large in which digital technologies (source: The Economic organizations consume resources, operate, Forum.) and live.
The Future of Commercial Sustainability | Alchemy Crew Page 6 Page 8