Santam’s research project in the Eden District Municipality to study the impacts of climate- change related risks and the ability of insurance to adapt has been declared the winner of the Climate Change Leadership Awards (CCLA) in the financial services sector for its research on the Eden Project, in partnership with the CSIR, University of Cape Town and WWF. The outcome of this project illustrates how human-induced impacts on the ecological buffering capacity of the system have an equal or greater impact on risk, as compared to future climate change predictions.
The CCLA are the first awards inAfricato recognise, reward, motivate and celebrate South African businesses, communities, youth, schools and individuals that are taking the lead through positive voluntary action by implementing a range of activities to combat global warming.
The Santam study has showed that the proactive management and restoration of these ecological systems has the potential to offset most of the future increases in risk related to climatic changes. Santam’s project demonstrated that there are risk drivers which can already be influenced to reduce the risk and improve climate-resilience of communities.
Ray-ann Sedres, Head of Sustainability at Santam, says Santam continues to strive to work towards aligning its business to environmental sustainability. “In order to achieve this, collaboration through partnerships both internally and externally is critical.”
CCLA says in a statement that significantly greater response to the threats of climate change resulted in the toughest year yet for judges. This year the scope of categories was expanded and judging methodologies evolved to sustain the spirit of the awards and cater to growing interest across the board.
The ten category winners were announced at a carbon neutral event in Sandton onThursday, 29 March 2012.
Issued on behalf of Santam by FTI Consulting