An administrative solution | Transforming insurance into a force for climate action

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Brad Stevenson is the founder and CEO of Premiums for the Planet, an insurance membership program that unites climate-conscious organizations into a force for change. Insurance? you’re wondering. Yes, insurance. 

Brad believes that we can—make that should—harness the power of insurance to save the world. In our conversation, he explains how insurance companies, with their trillions in assets, significantly influence what gets insured and, thus funded, making them a regulatory force as powerful as the government, operating at the speed of business. 

Brad highlights the need for organizations to align their insurance policies with their sustainability and climate goals and the importance of collective action in creating a market force for change. Premiums for the Planet, he describes, was created to facilitate that very action.

Some of the takeaways you’ll appreciate:

• It’s time for climate finance to be on your radar; awareness is growing and its impact is undeniable
• Your insurance policy may unknowingly be funding and supporting activities that undermine your sustainability & climate efforts
• Financed emissions, including insurance and banking, play a critical role in driving sustainability and climate action and need to be addressed
• The power of insurance lies in its ability to fund and support projects and activities, making it a lever for change in our market economy
• It’s time to include your finance department in the sustainability conversation so your finance decisions can be a key part of your sustainable supply chain strategy
• Your insurance premium, money currently seen as a purely administrative cost, has the power to reduce reputational risk, add brand value, and make you a part of a visible climate action community
• It’s time to eliminate the stereotype that sustainability comes with added expense and effort and instead create solutions that create a better product, a better experience, and a better business value
• You have the power to help shift the demand in the market, and that has the potential to create real systemic change

Links associated with our conversation:

• Premiums for the Planet - https://premiumsfortheplanet.com/
• Brad Stevenson - https://www.linkedin.com/in/bradstevenson/ 
• Peak 6198, the Fim - https://sparkpurpose.com/perseverance-the-film/ 
• Topo Finance - https://www.topofinance.org/ 
• Clean Creatives - https://cleancreatives.org/ 
• The Carbon Bankroll - https://www.carbonbankroll.com/ 
• RMI’s Center for Climate Aligned Finance - https://climatealignment.org/ 

Thanks for checking out our show! It was produced by our team of experts at thinkPARALLAX.

Intro/Outro music by QubeSounds from Pixabay.

#inspiringperspectives #sustainability #climatefinance #financedemissions #insurance #sustainabilityadvice #premiums #thinkparallax #climateaction #premiumsfortheplanet #bcorp 

Got a topic you’d like us to explore on the show? Get in touch with us at thinkparallax.com/podcast.

Got a topic you’d like us to explore on the show? Get in touch with us at thinkparallax.com/podcast.