For an insurance company, the future is even more important than the present. Our long term viability depends on our ability to calculate risk based on what we believe will happen not now, but days, months and years from now. Long term thinking is critical to our success.
At IAG, sustainability is about bringing the future into today's decision making for the benefit of our business, customers and communities. Sustainability is not an add-on, or a program that is run alongside our operations. Instead, we see it as an outcome. We will be a sustainable business by managing all the dimensions - economic, social and environmental - of our businesses well.
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Australian Climate Group Report – March 2008
The Australian Climate Group, co-founded by IAG and WWF-Australia, released a report on 18 March 2008, which provides recommendations for the Federal Government to consider when forming policy to address climate change.
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Sustainability Report 2007
Every year we detail our performance against economic,
social and environmental sustainability measures in our
Sustainability Report. The report illustrates all the ways in
which we integrate sustainability into our operations for the
benefit of our customers, shareholders, employees, suppliers
and the broader community.
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IAG intends to be Carbon Neutral by 2012
In November 2006, IAG announced its intention to be
carbon neutral across its global operations within five years.
IAG believes climate change is one of the most significant
risks currently facing the community, with the increase in
catastrophic weather related incidents representing a
financial risk to customers.
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Dow Jones Sustainability Indexes
IAG was the first general insurer in Australia to qualify as
a sector leader on the Dow Jones Sustainability Indexes.
The Indexes are the first global indexes tracking the financial
performance of the leading sustainability-driven companies
worldwide.
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Australian Sustainable Company of the Year
IAG was rated the Australian Sustainable Company of the
Year at the 6th Annual Australian Sustainability Awards
announced in December 2006. The Awards recognise
excellence in sustainability across the environmental,
social and corporate governance spheres.
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Global 100 Most Sustainable Corporations
IAG is one of the Global 100 Most Sustainable Corporations
in the World as determined by Corporate Knights Inc. with
Innovest Strategic Value Advisors Inc., a leading research
firm specialising in analysing extra-financial drivers of risk
and shareholder value, including companies' performance
on social, environmental and strategic governance issues.
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