NFU Mutual becomes the first UK insurer to receive Carbon Literacy Bronze status

9 June 2022

Panoramic landscape: beautiful rays of sunlight shining through green foliage in a forest clearing

ICMIF member and rural insurer, NFU Mutual, is the first UK insurance company to receive Bronze accreditation from The Carbon Literacy Project.

The Bronze accreditation follows the recent launch of the insurer’s net zero roadmap, which sets out a long-term plan to achieve net zero operations by 2050.

By receiving the Bronze accreditation, The Carbon Literacy Project recognises that NFU Mutual has a criteria-checked training programme that has been registered with the Project and an organisational leader has been trained and certified as Carbon Literate.

Jo Lumani from NFU Mutual, said: “Reducing environmental impact is a shared responsibility and the Carbon Literacy training is a wonderful initiative that empowers individuals to pledge personal actions to reduce their own carbon emissions. We are delighted to be the first UK insurer to receive Bronze accreditation from The Carbon Literacy Project and we continuously look at ways to engage our team members in activities and opportunities that support environmental awareness.”

Carbon Literacy learning covers a wide variety of climate change topics and empowers participants to consider how they can reduce carbon emissions on an individual level and as part of a wider group, such as a community or workplace.

In January 2022, NFU Mutual announced its Net Zero Roadmap which sets out the mutual’s long-term plan to achieve net zero operations by 2050.

Acknowledging the need for action on climate change, NFU Mutual developed a strategy, that takes into account science-based guidance and methodologies, to set credible targets with ambitions currently focussed on emissions from NFU Mutual’s own operations and those arising from investment portfolios. Targets include a 25% reduction in the business’s own emissions by 2025 and a 50% reduction by 2030. To support this, NFU Mutual is aiming to maintain 100% renewable electricity purchase for occupied premises. For its investments, the insurer has set a target to deliver 50% emissions reduction in their equity and corporate bond portfolio by 2030.