Liberty Mutual joins MIT’s Climate and Sustainability Consortium

Liberty Mutual Insurance has announced its membership to the MIT Climate and Sustainability Consortium (MCSC), supporting the acceleration and implementation of large-scale, real-world solutions to address climate change.

Liberty Mutual now joins 17 other member companies in the Consortium’s efforts to inspire transformative climate progress across industries and the globe.

Francis Hyatt, Liberty Mutual Chief Sustainability Officer, commented: “We believe collaboration is a critical component to combatting climate change. As an insurer we continually see and learn more about climate change, and we’re eager to bring this knowledge to MCSC and help advance the Consortium’s important, urgent work.”

In addition, Liberty Mutual will participate in various workstreams that support MCSC’s key objectives. This includes, to accelerate the introduction of large-scale, feasible solutions to address the threat of climate change, and to advance proposals regarding sustainability opportunities, training for innovators, regulatory policies, and the development of business models across sectors.

The other workstreams include, catalysing links between academic innovations and commercial scalability, and materializing sustainable practices that are action-oriented and incorporate social justice, economic equity, and respect for the environment.

“We are excited to welcome Liberty Mutual to the MIT Climate and Sustainability Consortium and look forward to the perspective and expertise they bring from the insurance and risk management industry,” said Jeremy Gregory, PhD, Executive Director of the MCSC.

“Liberty Mutual will contribute to the dialogue and solutioning currently underway within the Consortium.”

As two renowned organizations in Massachusetts, Consortium membership is just the latest step in Liberty Mutual’s long-standing relationship with MIT.

In 2019, Liberty Mutual launched an AI research collaboration with MIT Quest for Intelligence, is a member of the MIT Industrial Liaison Program, and is also one of the founding members of the MIT Mobility Initiative.

Source: Reinsurance News,

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