Aviva Canada is piloting an eco-friendly claims process, part of its plan to become a net-zero company by 2040.
Notably, the company is mobilizing its efforts to respond to climate change by recycling and sorting materials during the claims process. Following the catastrophic flooding in B.C. in late fall last year, for example, Aviva launched the EcoClaims pilot program in an effort to divert and recycle landfill waste.
The floods caused more than $515 million in claims, as estimated by Catastrophe Indices and Quantification Inc. (CatIQ).
Waste from each claim is measured and sorted, and materials are recycled where possible at an EcoClaims ‘Green Site,’ as explained in the company’s first annual Sustainability Report.
The document details the company’s progress towards becoming net-zero carbon by 2040, and reports it’s the first major Canadian financial services company to make this a strategic priority.