Most Canadians think the country produces excessive waste – Co-operators

Most Canadians think the country produces excessive waste – Co-operators

Most Canadians think the country produces excessive waste – Co-operators | Insurance Business Canada

Environmental

Most Canadians think the country produces excessive waste – Co-operators

Insurance-related waste is part of the issue

Environmental

By
Terry Gangcuangco

A recent survey by Co-operators reveals that landfill waste is a significant concern for Canadians. A majority (78%) of those surveyed agreed that the country produces excessive waste, while 65% believe that this waste exceeds manageable levels.

Despite many Canadians already adopting waste reduction habits, 62% are still eager to learn more about sustainable living. According to the survey, 75% of Canadians believe it’s crucial for companies to manage their waste responsibly.

The above sentiment is especially strong among younger Canadians; nearly half (49%) of Gen Zers feel that corporations hold more responsibility for sustainability compared to just 23% of Boomers.

Interestingly, Boomers are the most proactive in individual waste reduction efforts, with 78% engaging in activities to prevent landfill waste, compared to 49% of Gen Z and 57% of Millennials.

Craig Bran, vice president of claims at Co-operators, noted: “Canada is sending over 26 million tonnes of waste to landfill every year. In 2023 our customer claims resulted in 116,000 tonnes of waste – that’s nearly the weight of the CN Tower. It’s unsustainable.

“Our survey found that nearly half of Canadians aren’t even considering where their insurance-related waste is going, but we are. That’s why we implemented sustainable claims – it reduces waste by prioritizing repair over replacement; and when we must replace, we empower our clients to live a more sustainable life by providing more sustainable options.”

See also  Howden adds JP Morgan’s Sébastien Bamsey as MD in capital markets unit

As part of the Claim Changers initiative to promote sustainability in insurance, the Co-operators survey found that only 23% of Canadians are aware that repair or restoration is an option for insurance claims. In fact, just 19% of those who filed claims in the last five years were offered the choice to repair rather than replace, even though 65% of respondents prefer to repair items if they can be restored to their original condition.

At the same time, Canadians recognize the importance of comprehensive societal solutions, with 61% agreeing that rural areas need better waste management programs and 68% stating that urban areas need improved education on sustainable purchasing, waste mitigation, and repair options.

The national online survey, conducted between May 8 and 14, polled 1,500 adult residents across Canada.

What do you think about this story? Share your thoughts in the comments below.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!