Insurance company Sompo Japan Nipponkoa Group joins the Business Call to Action with a commitment to enhance resilience of small-scale farmers through its weather index insurance

Leading Japanese insurance company Sompo Japan Nipponkoa Group joined the Business Call to Action (BCtA) with a commitment to enhance the resilience of 30,000 small-scale farmers in southeast Asia by 2025 through its weather index insurance. The first major insurance company to join the BCtA, the Group developed this innovative initiative to mitigate against climate change’s adverse impacts by offering financial services to low-income farmers.

BCtA is a global initiative that aims to support the private sector’s efforts to fight poverty through its core business. It is supported by several international organisations and hosted by the United Nations Development Programme (UNDP).

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Source: The Guardian Circular Economy RSS