In 2015, AIG and Wood, a leading global engineering firm, formed the Resilience Solutions Initiative to reduce carbon usage and increase resiliency against climate-related risks. In 2021, we expanded the partnership to include the Institute for Future Cities (IFC) at the University of Strathclyde. This partnership brings together three global leaders in insurance, finance, science, engineering, scenario planning and urban resilience to provide an end-to-end framework for our clients to identify, prioritize and implement low-carbon energy solutions and resilient infrastructure projects.
The AIG-Wood-IFC Resilience and Sustainability Solutions Initiative has broken down the broad topic of climate change down into two addressable and intertwined workstreams: reducing carbon emissions and building resilience against the greater frequency and severity of natural disasters that occur as a result of climate change. The initiative leverages AIG’s capabilities to deliver innovative solutions for our clients and to advance sustainable urban development practices worldwide.
In 2021, the partnership created a global network of six cities designed to promote knowledge transfer and urban resilience and to expedite the transition to net zero carbon emissions. The network is comprised of Glasgow, Lilongwe, Milan, Pittsburgh, Singapore and Surat. Throughout the year, the AIG-Wood-Strathclyde team hosted a number of workshops in these cities, including one during the official Pre-UN Climate Change Conference (COP) summit in Milan and a day-long workshop during the 2021 UN Climate Change Conference (COP-26). The program is focused on translating the takeaways from prior engagements into an actionable “forward program” that can help the partners and cities achieve their resilience and sustainability objectives.
The partnership also hosted a business roundtable at United Nations Industrial Development Organizations (UNIDO) 2021 Bridge for Cities event that focused on connecting cities that shared a pursuit of climate goals. Featuring remarks from UNIDO Deputy to the Director General Hiroshi Kuniyoshi, this event fostered a discussion regarding the vital role successful partnerships will play in achieving climate-related objectives.