New specialists join Crawford’s renewables line-up – Insurance Business America

Report on Strategic Appointments to Advance Sustainable Development Goals in the Energy Sector

Recent corporate appointments at Crawford reflect a strategic investment in technical and industry expertise aimed at supporting the global energy sector’s transition towards sustainability. This initiative directly aligns with several United Nations Sustainable Development Goals (SDGs), primarily focusing on energy, climate action, and industrial innovation.

Alignment with SDG 7: Affordable and Clean Energy

The appointments are a direct contribution to achieving SDG 7 by facilitating the expansion of clean and modern energy sources. The company’s enhanced renewable energy practice is dedicated to supporting customers involved in a diverse portfolio of sustainable energy projects.

• Wind Power
• Solar Power
• Battery Energy Storage Systems
• Hydrogen
• Geothermal
• Hydropower
• Biomass

Supporting SDG 13: Climate Action and SDG 9: Industry, Innovation, and Infrastructure

By providing critical services to commercial-scale renewable energy projects, the company actively supports SDG 13 (Climate Action) by de-risking the investments necessary to combat climate change. Furthermore, this focus on large-scale projects contributes to SDG 9 by helping build resilient, sustainable infrastructure and fostering innovation within the energy industry.

Core Services and Contribution to SDG 17: Partnerships for the Goals

The company’s specialized services create a framework for robust partnerships (SDG 17) between insurers, investors, and renewable energy developers, which is essential for mobilizing resources for sustainable development. The key services provided include:

1. Loss Adjusting and Risk Engineering: Delivered to insurers of commercial-scale renewable energy projects to ensure the stability and resilience of clean energy infrastructure.
2. Risk Advisory Services: Provided to a global network of insurers and investors to guide and secure investments in the renewable energy sector, thereby accelerating the transition to a sustainable economy.

SDGs Addressed in the Article

SDG 7: Affordable and Clean Energy

• The article directly addresses this goal by focusing on the “energy sector’s transition to sustainable sources.” It explicitly lists various forms of clean and renewable energy, including “wind, solar, battery energy storage systems, hydrogen, geothermal, hydropower, and biomass.” The company’s services are designed to support and de-risk these clean energy projects.

SDG 9: Industry, Innovation and Infrastructure

• The development of “commercial-scale renewable energy projects” represents a significant investment in building resilient and sustainable infrastructure. The company’s role in providing “loss adjusting and risk engineering services” is crucial for the innovation and industrial support system needed to build and maintain this new energy infrastructure.

SDG 13: Climate Action

• The transition to renewable energy is a primary strategy for combating climate change and its impacts. By supporting the growth of wind, solar, and other sustainable energy sources, the company’s activities directly contribute to climate change mitigation efforts, which is the core of SDG 13.

SDG 17: Partnerships for the Goals

• The article describes a partnership model within the private sector. The company provides specialized “risk advisory services for insurers and investors globally,” creating a crucial link between technical experts, project developers, and the financial sector. This collaboration is essential for mobilizing the resources needed to achieve the transition to sustainable energy.

Specific SDG Targets Identified

Targets under SDG 7

1. Target 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix. The article’s entire focus is on supporting the development of a wide range of renewable energy sources (“wind, solar, battery energy storage systems, hydrogen, geothermal, hydropower, and biomass”), which directly contributes to increasing their share in the energy mix.
2. Target 7.a: By 2030, enhance international cooperation to facilitate access to clean energy research and technology… and promote investment in energy infrastructure and clean energy technology. The company’s provision of “risk advisory services for insurers and investors globally” facilitates the flow of private capital and investment into renewable energy infrastructure on a global scale.

Target under SDG 9

1. Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable… The article discusses support for “commercial-scale renewable energy projects,” which are a fundamental part of upgrading the world’s energy infrastructure to be sustainable and clean.

Indicators for Measuring Progress

Implied Indicators

• Investment in Renewable Energy Projects: The article implies that a key measure of progress is the amount of capital being deployed into the sector. The provision of services to “insurers and investors globally” suggests that the volume of insured projects and the total investment facilitated can serve as a direct indicator of growth in the renewable energy industry.
• Number and Scale of Supported Projects: Progress towards the targets can be measured by the number and capacity (e.g., megawatts) of “commercial-scale renewable energy projects” that the company supports. The specific mention of diverse sources like wind, solar, and hydrogen points to a portfolio of projects whose growth can be tracked.
• Growth of Specialized Support Services: The company’s “investment in technical and industry experience” is itself an indicator. It shows the development of a mature ecosystem of professional services (like risk engineering and loss adjusting) necessary to sustain the growth of the renewable energy sector.

Summary Table of SDGs, Targets, and Indicators

Source: ibamag.com