CBN outlines carbon neutral commitment

2 March 2023

Community Broker Network (CBN) has announced it is “officially carbon neutral” as part of its ongoing support for environmental, social, and governance (ESG) initiatives.

The authorised representative network says the move to carbon neutral was a “necessary step” to combat climate change and “ensure that insurance remains accessible and affordable”.

CBN says it has continuously supported efforts to eliminate, reduce and offset its carbon footprint through internal initiatives and funding for climate projects.

“With increasingly dire predictions, it’s now more important than ever to be proactive in our response to climate change and that is exactly what we are committed to at CBN,” it said.

“Being carbon neutral helps us play a proactive role in the fight against climate change but also ensures the sustainability of our business and our community.”

CBN says it partnered with climate tech company Trace to track its climate profile and support ongoing projects.

Data from Trace’s website shows that CBN’s carbon profile for last year resulted in 3768 extra trees being planted and a 100% offset of its emissions via funding for climate schemes.

The network says the commitment marks an important step for the group’s intended goal of becoming a net-zero organisation.

“In taking this step, we have set a benchmark from which we can continually improve, by ensuring we take a proactive role to reduce our carbon footprint in the way we operate our business and work within our community,” CBN said.

“A transition of the scale and speed described by the net-zero pathway cannot be achieved without sustained support and participation from our people.”

It acknowledges that the changes will “affect multiple aspects of people’s lives” but says it is committed to supporting its partners throughout the process.

Click here to view the CBN’s climate profile.