Sydney, Australia - Insurance Australia Group Ltd. (IAG), announced its intention to make its global operations carbon neutral within five years."As an insurance company we have been very concerned about the risks and impact of climate change on our community for a number of years," says Mike Hawker, IAG's CEO. "We have been working on ways to reduce our own CO2 emission footprint, alerting the community about the risks of climate change, and researching opportunities for our customers to benefit from CO2 reducing activities. We are furthering our efforts, by announcing our intention to be carbon neutral within the next five years."

Going carbon neutral (aka "climate neutral") entails a company taking action to cancel out (offset) the carbon impact of its operations. In effect, this means that a company would calculate the carbon dioxide emitted (from its operations) in tons of CO 2 and would purchase the equivalent tons of carbon offsets to neutralize the carbon impact, according to IAG.

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