Liberty Mutual Insurance joins the MIT-led Global Innovation Alliance to Combat Climate Change | Business Insurance

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BOSTON, August 2, 2022 /PRNewswire/ — Liberty Mutual Insurance today announced its membership in the MIT Climate and Sustainability Consortium (MCSC), which supports the acceleration and implementation of real, large-scale solutions to address climate change. Liberty Mutual joins 17 other member companies in the Consortium’s efforts to inspire transformational climate progress across industries and the world.

“We believe that collaboration is a critical component in combating climate change,” said Liberty Mutual’s chief sustainability officer. Francis Hyatt, who will sit on the MCSC industry advisory council. “As an insurer, we continually see and learn more about climate change, and we look forward to bringing this knowledge to MCSC and helping to advance the Consortium’s important and urgent work.”

Liberty Mutual will participate in several work streams that support the key objectives of MCSC:

  • Accelerate the introduction of viable solutions on a large scale to face the threat of climate change.
  • Advance proposals on sustainability opportunities, training for innovators, regulatory policies and the development of business models in all sectors.
  • Catalyze links between academic innovations and commercial scalability.
  • Materialize sustainable, action-oriented practices that 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 experience they bring from the insurance and risk management industry,” he said. Jeremy Gregory, PhD, Executive Director of the MCSC. “Liberty Mutual will contribute to the ongoing dialogue and resolution within the Consortium.”

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As two renowned organizations in Massachusettsconsortium membership is just the latest step in Liberty Mutual’s longstanding relationship with WITH. In 2019, Liberty Mutual launched an AI research collaboration with MIT Quest for Intelligence, is a member of the MIT Industrial Linkage Program, and is one of the founding members of the MIT Mobility Initiative.

About Liberty Mutual Insurance

At Liberty Mutual, we believe that progress happens when people feel safe. By providing protection for the unexpected and providing it with care, we help people embrace today and pursue tomorrow with confidence.

In business since 1912, and based in Bostontoday we are the sixth largest property and casualty insurer in the world based on 2021 gross written premium. We are also ranked 78th on the Fortune 100 list of largest corporations in the US based on 2021 revenue. from December 31, 2021we had $48.2 billion in consolidated annual revenue.

We employ more than 47,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal auto, homeowners, special lines, reinsurance, commercial multi-peril, workers’ compensation, commercial auto, general liability, surety bonds and commercial property.

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Contacts: Liberty Mutual Insurance Media and Public Relations
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Liberty Mutual Insurance joins the MIT-led Global Innovation Alliance to Combat Climate Change | Business Insurance rt