BMS to offset greenhouse gas emissions since 2019 in ESG drive

Specialist re/insurance broker BMS is to offset backdated greenhouse gas (GHG) emissions for the past four years and has “committed to doing so beyond” as part of its wider drive to become a more sustainable and environmentally conscious business.

The offsetting relates to energy consumption in its offices, by its employees working from home, and through business travel and hotel stays for the years 2019, 2020, 2021 and 2022.

BMS Group will work with Carbon Footprint, a founding member of the Quality Assurance Standard for carbon offsetting, who will offset BMS’ GHG emissions through several projects aimed to tackle climate change as well as having considerable social impact. These include ecosystem conservation in Brazil, domestic energy projects in India and Uganda (i.e., energy efficient cooking stoves) and renewable energy projects in South Africa, Turkey, and the Dominican Republic.

Nick Cook (Pictured), BMS Group chief executive officer, said: “Over the past decade BMS has seen a very significant expansion globally. Throughout this period, BMS has recognised environmental challenges and social responsibilities. The decision to backdate for the last four years shows real commitment to the global journey to net zero. BMS will continue to implement measures which reduce and then offset future emissions, and at all times explore ways of increasing the use of renewable energy and sustainability practices. We are very excited about this initiative.”

Neil Prior, BMS Group head of environmental and social responsibility, added: “I’m delighted that BMS is demonstrating best practice and becoming an industry leader through the purchase of carbon credit to offset our GHG emissions for the last four years. This shows the long-term value that a clear programme of wider environmental, society and good governance can bring. BMS seeks to work with our clients, our employees and all our stakeholders to assist in moving the market towards more sustainable and environmentally conscious business practices.”

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