Climate change is not just an environmental issue; it’s also a significant concern for industries like insurance. Its impacts are far-reaching, affecting everything from increased premiums and policy costs to changes in underwriting and risk assessment.
In response to these challenges, Tomlin Insurance Brokers has taken a proactive step by collaborating with Innovate Climate Inc. This endeavor is part of a broader effort to support Barbados’ transition to a carbon-neutral island state by 2030.
As the first insurance broker in Barbados to partner with Innovate Climate Inc., Tomlin Insurance Brokers is demonstrating its commitment to environmental responsibility. Innovate Climate Inc. a Barbados run company, specializes in evaluating carbon footprints and implementing carbon offset strategies for businesses in the Caribbean.
Rachel Gale, Chief Operations Officer, expressed her enthusiasm for this collaboration. “Our decision to work with Innovate Climate Inc. reflects our dedication to environmental stewardship and reducing our carbon footprint,” she stated. “By partnering with Innovate, we aim to mitigate environmental risks and set a positive example for the insurance industry.”
One of the key initiatives of this collaboration is supporting carbon offset projects, and Tomlin will support Innovate Climate Inc.’s Forest Plantation on Degraded Grasslands project in Uruguay. This Verra-certified project aims to reforest 21,298 hectares of land, sequestering carbon dioxide and making substantial contributions to carbon reduction efforts.
A carbon offset is a way to compensate for carbon emissions by supporting projects that reduce or remove carbon dioxide from the atmosphere. Projects can include clean energy, methane capture, reforestation, sustainable agricultural practices, or carbon capture.
Tomlin Brokers is excited to reduce their environmental impact and contribute to a sustainable future.
