AXA XL Insurance establishes collaborative peer network to support construction clients' sustainability efforts in North America
NEW YORK, June 21, 2023 /PRNewswire/ -- AXA XL's North America Construction Insurance business has launched its Sustainability Circle, a collaborative network of 21 sustainable construction industry leaders designed to help its clients address their sustainability ambitions and boost their construction risk management initiatives.
According to Gary Kaplan, head of AXA XL's North America Construction insurance business, "The challenges facing the construction industry right now are really big ones. They range from implementing strategies to address energy efficiency in new and existing buildings, adapting to new types and methods of construction, dealing with unfamiliar materials – and sourcing them sustainably, and all this in the middle of a serious labor crisis. These are challenges that can't be solved by builders one at a time, it is going to require collaboration. That's why establishing this Sustainability Circle is important right now."
The Sustainability Circle is an invitation only collaborative peer network of Sustainable Construction Leaders insured by AXA XL. The group engages to collectively source problems, facilitate knowledge sharing, and develop shared strategies to solve problems with a goal to elevate the industry overall.
"Greater use of sustainable materials. Cutting energy consumption. Reducing construction waste. Minimizing operational risks. Valuing people and diversity. Contractors are looking at ways to boost their own sustainability practices in alignment with their values, which helps them maintain their competitive edge, and ultimately helps their clients build a more resilient future," said Cheri Hanes, AXA XL's Head of Construction Innovation and Sustainability in North America.
"With the Sustainability Circle, we're providing a platform to help them learn, collaborate and push progress throughout the industry," Ms. Hanes added. "We're building on the success of our Innovators Circle and other knowledge networks to provide a platform for knowledge sharing to help our clients prepare for the upcoming tidal wave of green or sustainable work. Through this roundtable consortium, we will use projects and knowledge sharing to collaborate and develop actionable solutions and best practices that we can share widely in order that we elevate the entire industry.
The Sustainability Circle will hold periodic virtual and in-person events with workshops guided by the Chatham House rule. Collectively, the group will source the "problems to solve" from the members to assure it addresses the most important and prevalent issues in the sustainable construction industry.
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AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
ABOUT AXA XL INSURANCE AXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
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