Week 2

Question 1

What are the key pillars to sustainability

Answer 1

• environmental
  -social
  -economy

Question 2

In 500BC who started the early roots of sustainability

Answer 2

the indigenous practiced sustainable agriculture

Question 3

When did C02 emissions start rising

Answer 3

1840 - industrial revolution

Question 4

Why did C02 emissions start rising

Answer 4

the use of coal machines

Question 5

what is climate change

Answer 5

long term shifts in temperature and weather patterns

Question 6

what is the Brundtland report and what year did it come out in

Answer 6

1987 - it introduced the idea of sustainable development and its goals

Question 7

what is greenwashing

Answer 7

practice of misleading claims about a companies environmental impact, making consumers believe theyre being environmentally friendly even when not

Question 8

what is the kyoto protocol and when did it come into place

Answer 8

1997 - aims to reduce greenhouse gases in countries who produce the most GHG emissions, they also set targets to cut their emissions over a certain period of time

Question 9

How many gases are tracked under kyoto protocol

Answer 9

7 gases

Question 10

What is the paris agreement and when was it put into place

Answer 10

2015- goal is to limit global warming to below 2 degrees celsius

Question 11

How can the insurance industry better prepare for the risks posed by climate change?

Answer 11

• risk mitigation: give discounts to those who take added measures
  -invest in sustainable practices

Question 12

what are green premiums

Answer 12

added cost to invest in sustainable activities vs non (its usually more expensive)

Question 13

what are scope 1, 2, and 3 emissions

Answer 13

scope 1: direct (company controlled, ex: delivery truck or factory releasing emissions)
scope 2: indirect (purchased energy; air conditioning, heating)
scope 3: indirect (outside the company; emissions from employee driving to work, emissions of sold product)