This week we’re exploring the ways in which Aspect is challenging ourselves and the wider insurance industry to deliver better corporate citizenship. So far, we’ve announced exciting initiatives alongside the Insurance Industry Charitable Foundation and the Living Wage Foundation and, there’s more to come later this week so stay tuned!
Today however, we want to look back at some of the work we’ve already done as we seek to do things differently and make an impact.
Putting down roots
First up, reflecting the commitment felt by the whole Aspect team to our shared environment, we’ve worked hard to build a greener industry. Since January 2024, with Treeapp, our team has planted 1,334 trees (and counting!). This not only means a greener and more pleasant environment, it also means our trees have pulled more than 145 tonnes of CO2 out of the atmosphere.
Planting these trees has also generated 13 days of paid work for the communities in which we’ve planted them and has contributed to the reforestation of nearly 9,000 m2 of land.
Separately, we’ve also partnered with OnHand over the past twelve months to plant 594 trees through 734 hours of volunteering which has also seen 2.5 megatonnes of CO2 mitigated.
Greener business
Alongside supporting reforestation in communities globally, at Aspect we’re also on a mission to ensure our own business is as sustainable as possible.
To that end, we recycled half a ton of our business waste last year. This included 375kg of waste recycled via energy from waste and 250kg via anaerobic digestion. All of which generated 206.26 kWH of energy. Our switch to Google Workspace has also allowed us to save a further 84.69kg of CO2e.
As a business too, we run towards the risks that much of the insurance industry would rather avoid. We see delivering the green energy that the future demands as one of the greatest challenges we face. Delivering a sustainable economy necessarily means investing in and developing new technologies and sources of power. For many, this means higher risk, but we were built to do things differently and find ways to help the renewable sector manage its risk while pushing forward with the vital innovation we need. Over the course of 2024, we found solutions for 27 clients in the renewable energy sector and we hope to continue building on this as we support the ambition to build a net-zero economy.
Giving back
Finally, over the last 12 months, we’ve come together as a team to try and give back financially too. We allocate 1% of our revenue to an ‘impact pot’ which will be used to support the causes we care about. Alongside this, last year we donated £10,500 to charities and spent a further £5,000 on partnerships with charitable initiatives. We also supported 2 children who need it most in Nicaragua with hot meals, education, stationery and health assistance.
These are small steps, but we’re proud of them and we thank our customers and our team for helping us take them.