AIICO Insurance pledges sustainability, environmental responsibility

By Henry Uche

To reduce non-biodegradable waste, promote responsible consumption and create a workplace culture that practically supports sustainability, AIICO Insurance has embarked on a ‘recycling project’ for a greener future.

Launched in the fourth quarter of 2024, the project reflects AIICO’s belief that corporate success extends beyond profits, encompassing the duty to safeguard the planet for future generations. The Chief Executive Officer/Managing Director of the company, Kayode Akinyemi, confirm this to newsmen.

Aligned with the United Nations Sustainable Development Goals (SDGs) 12- Responsible Consumption and Production, and 13- Climate Action, the AIICO Chief said the Initiative reinforces the company’s mission to contribute to a cleaner, safer, and more sustainable environment.

“AIICO Insurance Plc is stepping up its commitment to environmental responsibility with its ‘Recycling at AIICO Project’. An initiative which aims to minimize the amount of non-biodegradable waste generated across AIICO’s operations; encourage the reuse and recycling of materials such as paper and plastics.

“Other objectives are: to drive employee engagement in environmental responsibility through education and participation, and to embed sustainability principles into the company’s culture and daily business practices”

Akinyemi affirmed that after a successful pilot run at its Ikeja office, which delivered strong participation and measurable improvements in waste management, the initiative would be extended to the company’s offices nationwide.

Speaking on the program, Mrs. Abimbola Shobanjo, the Corporate Responsibility and Sustainability Manager at AIICO Insurance Plc, said: “The Recycling at AIICO Project demonstrates that growth and sustainability can go hand in hand. We are intentional about reducing our environmental footprint and showing that business success is not defined by profit alone, but by the positive legacy we leave behind for future generations.”

To achieve its objectives, AIICO confirmed it has put in place, a robust systems to ensure lasting impact, and has installed clearly – labelled bins for plastics, paper, and general waste across its offices, making it easier for employees to embrace proper waste segregation.

AIICO added that through a strategic partnership with Wecyclers, a waste management company, it would ensure that collected materials are efficiently processed and recycled. More so, regular sensitization campaigns are being conducted to encourage eco-conscious behaviour among staff, geared towards fostering a culture of environmental responsibility. The company assured that Progress is closely monitored, with waste data tracked and reported as part of the company’s ESG disclosures, reflecting the Underwriter’s commitment to transparency and measurable results.

With this initiative, the composite insurer has continued to demonstrate that responsible business practices and environmental stewardship are inseparable, setting a standard for corporate leadership in sustainability.