Modal title

...
Home

Search form

  • About us
    • About IAG

      Who we are
      Purpose and strategy
      Our history

      What we do

      What we do
      Our businesses in Australia
      Our businesses in New Zealand
      Key relationships
      Awards

      Corporate Governance

      Board of Directors
      Group Leadership Team
      Corporate governance
      Codes and policies
      Risk management
      Board Committees

      Quick links

      Supplier Portal
      FY21 modern slavery statement
  • Shareholder centre
    • Shareholders

      Manage your shareholding
      Public offers and proposals
      FAQ
      Glossary

      Shares

      Share price information
      Historical Share Price Lookup
      Dividends
      Reinvestment
      Capital management initiative

      Annual meetings

      Annual General Meeting 2021
  • Safer communities
    • Approach

      Our partners and community
      Our approach

      Achievements

      Our Climate
      Reconciliation Action Plan
      IAG Research Centre
      Australian Business Roundtable

      In detail

      Our ESG performance
      Climate-related disclosure
      Our commitments
      Our stories
      Report: Severe weather in a changing climate

      Extreme weather

      See our Extreme Weather fact sheets
  • Results & Reports
    • Results

      All 1H22 results materials

      Reports

      2021 annual report
      2021 annual review and safer communities report

      Business Update 2021

      See all materials from our 2021 Market Update
  • Newsroom
    • News

      Customer
      Community
      Company
      Innovation

      Other content

      Government submissions
      Key dates
      Archive News and events
  • Careers
    • Our workplace

      Diversity, inclusion and belonging
      Career and development

      Working at IAG

      Benefits
      Indigenous careers
      Job search

      Graduates

      Graduate program
      Graduate stories

You are here

Home » Safer communities » Climate & Disaster Resilience Action Plan

Climate & Disaster Resilience Action Plan

  • IAG Climate Action Plan
  • Climate-related disclosure
  • Climate research and reports

 

Climate & Disaster Resilience Action Plan

IAG's action on climate change is driven by our purpose – to make your world a safer place – because we know that climate change poses a great risk to the safety and resilience of the communities we insure across Australia and New Zealand.

The science is clear that the impacts of a warmer climate will continue to increase the frequency and severity of significant weather events and the need for climate action at scale has never been more urgent. 

Off the back of world leaders convening at the UN Climate Change Summit (COP26) to agree on global targets to achieve a safer, net zero future, we are pleased to launch our updated three-year Climate & Disaster Resilience Action Plan.

This Action Plan will evolve our approach to managing the risks and adapting to a changing climate, support resilience by collaborating with government, business and community partners, as well as reducing emissions at scale.

Climate & Disaster Resilience Action Plan infographic.png

Graphic showing the three focus areas of the Action Plan

Our three focus areas

  • Rethinking Risk – is about how we deal with climate change within our underwriting, pricing risk processes to make sure that our customers remain insured, while also managing the risks of climate change to our business.
  • Transforming the System – is about continuing to collaborate with the business, government and community sectors on climate research, resilience and policy to encourage a net zero future.
  • Driving to Zero – is about reducing our own emissions. We’ve committed to reducing our directly controlled emissions to net zero by 2050 across our value chain, including with suppliers and customers, and achieving 50% emissions reduction by 2030.

Progress on this Action Plan will be updated through annual public disclosures starting at the close of the FY22 reporting period.

  • Climate & Disaster Resilience Action Plan (6.88 MB)

Building on our FY19-21 Climate Action Plan

For nearly two decades, we have worked to understand climate change, its impacts on our business, and the ways we can help reduce climate risk for our customers and communities.

We publish annual Climate-related disclosures, which are aligned to the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations.

For information on our progress to date on climate action, read about our FY19- FY21 Climate Action Plan and its six-monthly scorecards. 

IAG

  • About us
  • Shareholder centre
  • Safer communities
  • Results & reports
  • Newsroom
  • Careers

Australia

  • NRMA
  • SGIO
  • SGIC
  • CGU
  • Swann Insurance
  • WFI

New Zealand

  • NZI
  • State
  • AMI
  • Lumley

ASIA

  • AmAssurance
  • Kurnia
  • twitter
  • linkedin
Contact Us Site Map Terms Privacy and Security
© 2022 Insurance Australia Group Limited ABN 60 090 739 923