Farm Insurance Online :: News
SHARE

Share this news item!

Insurers Propel Forward in Global Sustainability Rankings

Insurers Propel Forward in Global Sustainability Rankings

Insurers Propel Forward in Global Sustainability Rankings?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a remarkable evolution within the finance sector, insurance companies demonstrate a growing commitment to sustainability, outperforming many global industries, according to Capgemini's latest analysis.

The "Sustainability Transformation Trends" survey conducted by Capgemini places the financial services industry-encompassing insurance and retail banking-ahead of eleven other sectors, as they collectively boost their sustainability index by an impressive 30 points. This achievement surpasses industries such as healthcare, industrial manufacturing, and even energy and agriculture.

This index is derived from a comprehensive set of 93 queries that assess advancements in both environmental and social sustainability. A baseline score of 100 signifies average performance over a span of three years.

Capgemini reports that an encouraging 84% of the 2,152 surveyed executives acknowledged their organizations' alignment with emissions reduction objectives, with only 9% needing to catch up. Australian representation in the survey included input from 192 executive respondents.

Amidst a survey size that included 727 substantial organizations across 13 countries, the survey underscores substantial improvement in areas like sustainable design, circularity, and biodiversity.

Particularly noteworthy is Australia's commendable leap in its sustainability index, advancing from 100 to 120, and securing a superior score compared to major nations like the UK, US, and Germany. These findings signal Australia's consistent annual progress, as highlighted by Capgemini.

According to Cyril Garcia, Capgemini's lead in global sustainability services, water conservation, biodiversity, and circular practices now rank as essential business strategies. He emphasized the dual role of business leaders in fostering a sustainable economic shift.

Cyril Garcia articulated, “Today's leaders are tasked with reducing CO2 while also achieving cost efficiency. With burgeoning innovations in climate technology and emerging regulations, tangible results in sustainability are key to fostering consumer trust.”

Such industry strides are indicative of the finance sector's role in paving the way to a sustainable future, a journey that continues to gain momentum, outlined in Capgemini's full report.

Published:Thursday, 10th Oct 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Allianz Australia's Strategic Expansion: RAA Insurance Acquisition
Allianz Australia's Strategic Expansion: RAA Insurance Acquisition
24 Nov 2025: Paige Estritori
In a significant move within the Australian insurance sector, Allianz Australia has successfully completed the acquisition of RAA Insurance for $642 million. This strategic acquisition, approved by the competition regulator on June 12, 2025, marks a substantial expansion of Allianz's footprint in the South Australian market. - read more
Australian Parliament's Inquiry into Small Business Insurance: What It Means for You
Australian Parliament's Inquiry into Small Business Insurance: What It Means for You
24 Nov 2025: Paige Estritori
The Australian Parliament has initiated a comprehensive inquiry into the provision, regulation, and pricing of modern insurance products for small businesses and not-for-profit organisations. Announced on October 29, 2025, this inquiry aims to address critical issues affecting the insurance landscape for small enterprises across the nation. - read more
ASIC's $16.8 Million Penalty on Allianz Australia: A Wake-Up Call for the Insurance Industry
ASIC's $16.8 Million Penalty on Allianz Australia: A Wake-Up Call for the Insurance Industry
24 Nov 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has imposed a $16.8 million fine on Allianz Australia and its subsidiary, AWP Australia, for making false and misleading statements regarding travel insurance products. This penalty, announced on February 28, 2025, underscores the regulator's commitment to maintaining transparency and integrity within the insurance sector. - read more
IAG Projects Significant Premium Growth and Profit Increase for FY26
IAG Projects Significant Premium Growth and Profit Increase for FY26
24 Nov 2025: Paige Estritori
Insurance Australia Group (IAG) has announced an optimistic forecast for the financial year 2026, anticipating a 10% increase in gross written premium (GWP) and an insurance profit ranging between $1.55 billion and $1.75 billion. This projection follows a robust performance in FY25, where IAG reported a 4.3% rise in GWP to $17.1 billion and a net profit after tax of $1.36 billion. - read more
Australian General Insurers Report Record 19% Return on Equity in FY25
Australian General Insurers Report Record 19% Return on Equity in FY25
24 Nov 2025: Paige Estritori
Australia's general insurance industry has reported a 19% return on equity (ROE) for the financial year 2025, marking the highest level in a decade. This significant achievement is detailed in the latest Optima Report by actuarial consultancy Finity, which attributes the strong performance to a combination of favorable factors. - read more
Click for more Insurance News


Farm Insurance Articles

Are You Covered? Common Insufficient Coverage Mistakes in Farm Insurance
Are You Covered? Common Insufficient Coverage Mistakes in Farm Insurance
Welcome to our discussion on farm insurance, a vital aspect for anyone involved in agriculture. Whether you run a smallholding or manage extensive agricultural operations, understanding your insurance coverage can make all the difference in safeguarding your livelihood. - read more
Understanding Public Liability Insurance for Livestock and Crop Producers
Understanding Public Liability Insurance for Livestock and Crop Producers
Public liability insurance is a critical component for the agricultural sector, serving as a protective measure for livestock and crop producers against the legal liabilities they face in their daily operations. This type of insurance is designed to cover the costs associated with third-party injuries or property damage that occur on farm premises or as a direct result of farming activities. - read more
The Rural Farmer’s Handbook to Affordable Farm Insurance
The Rural Farmer’s Handbook to Affordable Farm Insurance
As a rural farmer, protecting your livelihood should be a top priority. Farm insurance is crucial because it safeguards your investment and income against unforeseen events such as natural disasters, accidents, and theft. - read more
Effective Risk Management Plans Every Farm Owner Should Implement
Effective Risk Management Plans Every Farm Owner Should Implement
Managing a farm involves juggling many uncertainties and potential risks. Risk management in farming refers to the process of identifying, assessing, and prioritising risks associated with agricultural activities. Effective risk management ensures that farmers can handle obstacles and continue their operations smoothly. - read more
Understanding the Coverage: What Your Farm Insurance Should Include
Understanding the Coverage: What Your Farm Insurance Should Include
The serene morning mists settling over green pastures and the peaceful clucking of poultry might paint an idyllic picture of farm life, but seasoned farmers know that this lifestyle comes with its own set of risks and uncertainties. In the world of agriculture, each new day could bring events that threaten your way of life and the heart of your business. This is where farm insurance becomes not just important, but essential. - read more


Farm Type:
Postcode:

Insurance quotes are provided free and without obligation by a specialist from our national broker referral network. See our privacy statement for more details.


Knowledgebase
No-Fault Insurance:
A type of car insurance where your insurer pays for your damages regardless of who is at fault in an accident.

Quick Links: | Farm Insurance Australia | Farm Insurance Quotes | Farm Insurance Comparison | Farm Insurance Coverage | Farm Insurance Policies | Farm Insurance Brokers | Farm Insurance Companies | Farm Insurance Cost | Farm Insurance Online | Farm Insurance Providers | Farm Insurance Reviews
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.