Climate Change
Climate change is a global challenge that affects us all and will continue to do so for years to come. The effectiveness of actions taken in the short term will determine climate change trajectory and outcomes in the medium and long term.
Find out more about our plans to reduce our environmental impact:
Our Net Zero Roadmap
We launched our Net Zero Roadmap early in 2022, which sets out our aims to become Net Zero by 2050 and half our emissions by 2030, as well as establishing our plans to contribute to reducing climate change and its impacts.
To help work towards our climate change targets, we have undertaken a series of initiatives across the business that will help reduce our carbon emissions, including energy efficiency initiatives, improvements to the sustainability of their motor claims experience, investment in green solutions and support for customers’ renewable energy ventures.
In 2024, NFU Mutual published its first standalone Climate Change Report, aligned to the Financial Conduct Authority (FCA) requirements. We were also proud to publish our first Climate Transition Plan. This is a detailed outline of the actions we have already taken, and those we are committing to take, as part of our ongoing journey to reach net zero by 2050 and to support the UK’s transition to a low-carbon economy.
The physical and financial risks associated with climate change are becoming increasingly apparent. These latest, dedicated reports have been developed to share the plans we have in place to respond to the risks of climate change and highlight our efforts in addressing them.
For more information on our Climate Change strategy and current performance:
View our Climate Change Disclosures
ClimateWise
NFU Mutual is a proud member of ClimateWise, a global leadership group supporting the insurance industry to better communicate and respond to the risks and opportunities associated with climate change. The membership brings a valuable opportunity to have our climate change reporting and action plan independently reviewed by external experts. We also look forward to learning from and sharing knowledge with peers as part of the ClimateWise networking group. We welcome the opportunity to come together with other insurers to explore and take effective actions on this global issue that affects us all. NFU Mutual was ranked third in the most recent ClimateWise report. As this was the first submission NFU Mutual has made to ClimateWise, it represents an important marker of the progress we have already made in the area of climate change.
Green parts
Our Claims team are continually exploring new initiatives and suppliers that might be able to support our commitment to being a responsible business. For example, our green parts scheme, in partnership with SYNETIQ, offers consenting customers recycled repair options for mechanical damage claims. To extend this impact, we are also trialing the use of recycled parts to prevent older vehicles being written off, such as replacement of stolen catalytic converters.
Supporting our customers to make environmentally-friendly changes
As a UK based insurer with rural communities at our heart, NFU Mutual is committed to meeting the insurance needs of our members as they transition to a low carbon economy. Renewable energy schemes are a popular way for farmers to diversify their business and make their farms sustainable for the future. That’s why we’re working with NFU Energy on their Renewable Energy Solutions service, helping and supporting NFU members with their insurance needs for small scale renewable energy projects.
Explore our report
Our Climate Change activity is just one of the ways we deliver against our ambition of Caring for the Environment. To learn more about our strategy and actions, explore our latest Responsible Business Report.
