AIICO Insurance Plc has launched an initiative designed to reduce non-biodegradable waste, promote responsible consumption, and create a workplace culture that actively supports sustainability.

In a statement announcing the initiative, named ‘Recycling at AIICO Project’, the firm noted that it was part of its commitment to environmental responsibility.

Launched in the fourth quarter of 2024, AIICO said that the project reflected its belief that corporate success extends beyond profits, encompassing the duty to safeguard the planet for future generations. The initiative also aligned with the United Nations Sustainable Development Goals 12 (Responsible Consumption and Production) and 13 (Climate Action).

Speaking on the programme, Corporate Responsibility and Sustainability Manager at AIICO Insurance, Mrs. Abimbola Shobanjo, said, “The Recycling at AIICO Project demonstrates that growth and sustainability can go hand in hand. We are intentional about reducing our environmental footprint and showing that business success is not defined by profit alone, but by the positive legacy we leave behind for future generations.”

Key objectives of the project include minimising the amount of non-biodegradable waste generated across AIICO’s operations, encouraging the reuse and recycling of materials such as paper and plastics, driving employee engagement in environmental responsibility through education and participation and embedding sustainability principles into the company’s culture and daily business practices.

The pilot phase of the initiative was at AIICO’s Ikeja office, and it reportedly delivered strong participation and measurable improvements in waste management. It will now be extended to the company’s offices nationwide.

The initiative, done in partnership with Wecyclers, a waste management company, AIICO said that collected materials are efficiently processed and recycled.

“In addition, regular sensitisation campaigns are being conducted to encourage eco-conscious behaviour among staff, fostering a culture of environmental responsibility. Progress is closely monitored, with waste data tracked and reported as part of the company’s ESG disclosures, reflecting AIICO’s commitment to transparency and measurable results.

“With this initiative, AIICO Insurance Plc continues to demonstrate that responsible business practices and environmental stewardship are inseparable, setting a standard for corporate leadership in sustainability,” the firm concluded.