To raise awareness of climate change, The Travelers Company Inc., A US insurer, developed a series workshops and sponsorships and then initiated new underwriting strategies responsive to climate change, which included: 1. The first national insurance discount of 10% for hybrid automobile drivers which offered consumers incentive to minimize environmental impact. 2. A new generation boiler and machinery product that provided for the replacement of damaged equipment with equipment that improves th...
BPIR Categories12.1 Formulate environmental management strategy
3.2.1 Translate customer needs into product requirements
12.9 Implement sustainable business strategies