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You can find some very nice case studies courtesy of the Washington State
Department of Ecology at:
Related docs (explaining the relationship between P2 and insurance) are docs
99434, 99435, 99436, 99438, 99440
Also, you might be interested to read the article below about P2/insurance
Deborah E. Savage, Ph.D.
11 Arlington St.
Boston, MA 02116-3411
tel: 617-266-5400 xt 281
State planning insurance incentives for green companies
By Jay Lindsay, Associated Press, 01/24/01
BOSTON -- Massachusetts has played host to some of the
nation's worst examples of corporate pollution, from General
Electric's PCB dumping in the Housatonic River to the alleged
contamination of Woburn water by W.R. Grace and Beatrice
But a new state plan, to be introduced Wednesday, aims to
prevent the growth of that dubious legacy by offering
incentives to companies that agree to be greener.
Lower premiums, lower policy deductibles, and enhanced
policy coverage are among the rewards available to companies
who devise plans to cut down the use of toxic materials.
It's way to use a company's profit motive to benefit the
environment, Environmental Affairs spokesman Doug Pizzi
said, adding that it has the dual benefit of stopping
the source, rather than after it hits the environment when a
costly cleanup is required.
"It benefits the environment and drives down the cost of doing
business in the commonwealth," he said.
The plan actually rewards companies for simply obeying the
law. Any company that uses a certain amount of toxics is
mandated to complete the very plan on toxics use reduction
that makes it eligible for the insurance breaks.
But it's important to promote compliance of the law, Pizzi
"By doing this, you have reduced the amount of risk you are
foisting on the public," Pizzi said. "You should be rewarded."
Andy Irwin of Toxic Use Reduction Planners, which advises
companies on how to cut down toxics use, said the plan helps
his cause by offering a tangible benefit for good
"Anything that improves the economy of reducing toxics use
has to be looked on favorably," he said.
So far, four insurance companies -- Zurich U.S., AIG
International, Kemper Environmental Inc., and ECS Inc. -- have
agreed to participate in the program.
The insurance companies benefit by an expanded market and
decreased risks associated with lower toxics use, while the
companies benefit from the incentives, Pizzi said. The state
merely acted to bring the two sides together, he said.
Pam DiBona, legislative director of the Environmental League
in Massachusetts, hailed the plan as a positive step.
But she added that companies should have to do more than
merely submit a plan -- they should also be required to prove
over time that their toxics use has declined.
"It's a matter of following through as well," she said.
From: Pat Gallagher [ mailto:firstname.lastname@example.org
Sent: Thursday, March 22, 2001 12:57 PM
To: P2tech@great-lakes.net; email@example.com;
Subject: Insurance breaks
Dear P2 Colleagues,
I received a request for information on companies or organizations that
may have received reduced insurance breaks by having an environemtnal
management system in place, pollution prevention programs in place or
other "beyond complaince" types of activities.
Any information you can provide would ge greatly appreciated!
New Mexico Environment Department