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By: The Encircle Team
As emission tracking becomes regulated, the insurance industry is looking at ways to encourage more eco-friendly practices throughout its supply chain.
Kitchener, ON - April 16th, 2023 - Encircle, the restoration industry’s go-to field documentation app, and EcoClaim, an end-to-end solution insurers can use to measure, verify and reduce greenhouse gas emissions throughout their supply chains, have announced a partnership to digitize and simplify waste tracking in property insurance claims restoration.
As climate change escalates, tracking and managing emissions is becoming a regulatory imperative for many industry sectors, including insurance companies in Canada, Europe and other parts of the world.
Legislative requirements are expanding beyond basic reporting of Scope 1 and 2 operational emissions; as a result, it will soon become required practice for restoration contractors performing carrier work to document and report on sustainability metrics.
“Encircle's platform is the perfect tool for restorers to track their waste diversion metrics and our integration makes it easy for them to report this information accurately to insurance companies,” says Jodi Scarlett, CEO of EcoClaim. “Insurance companies are seeking to reduce their carbon footprint throughout their supply chain and measure the impact of this reduction, this helps them do that.”
“Building and construction generates 21% of global emissions and contributes 100 billion tons of waste annually. Accurate documentation at the job site is critical, and the partnership between Encircle & EcoClaim is a significant step forward. We're confident that it will help to reduce waste and improve sustainability initiatives across the board,” says Paul Donald, CEO of Encircle.
For restorers looking to start tracking their waste diversion efforts, join experts from the property claims, insurance, and restoration industries on Earth Day for a 1-hour panel to discuss sustainability in the property restoration industry, or visit the Encircle website.
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ABOUT ENCIRCLE
Encircle is the leading field documentation platform for the restoration industry. With its user-friendly mobile app and comprehensive features, Encircle makes it easy for field teams to collect critical property loss information and create detailed reports. Encircle's mission is to provide the most valuable tools for restorers in the field, streamlining processes and improving efficiency.
ABOUT ECOCLAIM™
EcoClaim™ is an end-to-end solution insurers can use to measure, verify, and reduce greenhouse gas (GhG) emissions throughout their supply chains. We provide services in three main areas: training and certification, GhG management software, and carbon exchange.
Using EcoClaim’s™ comprehensive services, insurers and their vendors can become climate leaders — adopting lower-carbon practices including across the supply chain, measuring and tracking avoided GhG emissions, complying with regulatory disclosure requirements, and achieving net zero targets.
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