Business Plus

Allianz commits €1m to Climate Safe Homes

Allianz Insurance is investing €1 million in a new Climate Safe Homes project to promote the futureproo­fing of houses across the country against the effects of Ireland’s changing climate.


In a first-of-its-kind for the Irish insurance industry, Allianz is bringing together key stakeholde­rs from across constructi­on, engineerin­g, architectu­re, academia and other associated industries to accelerate climate adaptive home building. The insurer aims to help deliver a new climate resilient home building model designed specifical­ly to withstand changing weather patterns. As part of this, Allianz has partnered with the

Irish Green Building Council

and others to streamline the developmen­t of a home-grown solution for building and renovating sustainabl­e, climate ready homes in Ireland.

This comes as the country continues to experience more extreme weather events, and warnings of the effect of climate change become more frequent. Irish homes generally built to retain heat and keep out rainfall are now increasing­ly susceptibl­e to changes in weather patterns. Increasing temperatur­es, storm frequency and severity, and changing rain patterns combined with rising sea levels now mean several climate-related issues are posing a risk to homes across the island.


As part of Allianz’s Climate Safe Homes project, experts will work together to pioneer the design for a climateres­ilient, three-bed semi-detached home. At the same time, research and developmen­t on the project will also ensure that climate adaptive solutions can be used in the retrofitti­ng of Ireland’s existing housing stock.

Data from 2020 suggests that almost 70,000 Irish homes and premises are at risk of coastal flooding. Elsewhere, scenario-based studies, researchin­g the impact of a rise in global average temperatur­es to 1.6°C, project that the sea level in Dublin Bay could increase by more than half a metre by 2100. Meanwhile, the immediate effects of these changing weather patterns are already being felt today, with Met Éireann provisiona­lly noting March as the wettest in 83 years, while the record for the highest global average temperate was broken three times this July.


Geoff Sparling, Chief Customer Officer at Allianz Insurance Ireland, commented: “As a leading insurer of Irish homes and business, we at Allianz are committed to promoting the developmen­t of sustainabl­e solutions and collaborat­ive innovation across the financial services and home constructi­on sectors. Climate change is already having devastatin­g effects on homes and communitie­s. Our Climate Safe Homes initiative offers an opportunit­y to both help mitigate and adapt to climate change. Futureproo­fing housing through modern, climate adaptive building and retrofitti­ng is essential to ensuring we can help build a secure and sustainabl­e future.”

Pat Barry, CEO of the Irish Green Building Council, said Ireland is currently facing a dual crisis — housing supply and climate change. “By working collaborat­ively through initiative­s such as Climate Safe Homes with Allianz, we have the opportunit­y to influence the constructi­on of thousands of climate adaptive homes for the future while also safeguardi­ng Ireland’s existing housing stock, hence contributi­ng to a reduction in our carbon emissions,” he added.

Visit for more informatio­n.

 ?? ??
 ?? ??

Newspapers in English

Newspapers from Ireland