Insurers Propel Forward in Global Sustainability Rankings

1

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.

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

Clear

Australian Insurers Under Investigation for Premium Increases Amid Record Profits

22 Jan 2026: Paige Estritori

In recent developments, Australian insurance companies are facing heightened scrutiny from both government officials and consumer advocacy groups due to substantial increases in insurance premiums. This comes in the wake of the industry reporting record profits, raising questions about the fairness and transparency of pricing strategies. - read more

Rising Insurance Premiums Challenge Australian Homeowners

22 Jan 2026: Paige Estritori

Australian homeowners are confronting substantial increases in home insurance premiums, driven by a combination of more frequent extreme weather events and escalating building costs. Recent data indicates that the average annual premium for new home and contents policies has risen by 14%, equating to an additional $343 per year for policyholders. - read more

Government Launches Investigation into Insurance Industry Practices Amid Rising Premiums

22 Jan 2026: Paige Estritori

The Australian government has initiated an investigation into the practices of the insurance industry following a surge in consumer complaints regarding significant premium increases and concerns over transparency and fairness. This move comes as policyholders report steep hikes in their insurance costs, with some experiencing increases of up to 600% without clear explanations from their insurers. - read more

AUSactive Unveils Comprehensive Insurance Solution for Fitness Professionals

22 Jan 2026: Paige Estritori

AUSactive, Australia's leading body for the exercise and active health sector, has recently introduced a new insurance product tailored specifically for fitness professionals. This initiative aims to provide enhanced protection while offering more affordable premiums compared to existing market options. - read more

AUSactive and Health Partners Join Forces to Enhance Support for Fitness Professionals

22 Jan 2026: Paige Estritori

AUSactive, the peak body for the exercise and active health sector in Australia, has announced a significant partnership with Health Partners, a not-for-profit health fund with over 85 years of service to South Australians. This collaboration aims to recognize eligible AUSactive personal trainers and fitness businesses as approved providers under Health Partners' Extras policy. - read more

Click for more Insurance News