Sustainability policy

Hallett Independent ensures it is involved in industry specific discussions about how we can play our part - and help our clients play their part - in tackling climate change. We work to clarify the part insurance may play in the climate discussion and to ensure that insurance requirements do not hinder the desire to do things more sustainably.

The transportation of works of art via air freight is a major contribution to greenhouse gas emissions in the art sector. When the GCC recommended galleries send works of art via sea freight as opposed to air - which has x60 the carbon footprint of sea shipping - Adam pointed out that this would be superb except that most art insurers impose limitations on transit cover via sea freight or exclude cover altogether. Adam then played a key role acting as the conduit between GCC and the wider fine art insurance including the Lloyds Market Association and Joint Specie Committee to develop best practice guidelines for insuring sea transits.  

Best practice and insurance guidelines from the GCC website 

We realise our clients may be interested in the insurers we use and their approach to sustainability. They have detailed ESG (Environmental, Social, Governance) policies which can be found on their websites, some links below.

Many insurers subscribe to the Paris agreement, put into place at COP 21 in 2015.  Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius. 

Also, insurers who underwrite but also may invest in companies involved in fossil fuels, have put measures in place to extricate themselves from these businesses. Measures include not providing any new (and phasing out by 2025) any existing insurance businesses involved in thermal coal, oil sands or exploration, production or transportation of oil and gas in the Arctic National Wildlife refuge.

Our Impact, Our Future: Sustainability at AXA XL

Aviva: Taking Climate Action