Never before has the urgency to take measures to reduce climate change and minimise its consequences been so evident. Against this backdrop, the Z Zurich Foundation has strategically reorganised its activities. It has been involved in flood protection for a decade with the Zurich Flood Resilience Alliance. This has been very successful over the years. It has had a positive impact on the lives of over three million people whose livelihoods were threatened by the consequences of climate change in more than 350 communities worldwide. However, the foundation now wants to use the experience gained to take broader action against the consequences of climate change.
The Alliance is an eco-system by itself.
Gregory Renand, Head of the Z Zurich Foundation
‘We have evolved the Zurich Flood Resilience Alliance into the Zurich Climate Resilience Alliance, while the members remain the same,’ says Gregory Renand, Head of the Z Zurich Foundation. Its members include various international NPOs such as ‘Plan international’, which operates a site in Zurich, and Mercy Corps from the UK. ‘The Alliance is an eco-system by itself, gathering skills and expertise that complement each other and have the collective ability to shape, implement, monitor and scale meaningful community-based interventions,’ she says. The Alliance lives a participatory philanthropy. Founded in 2013, it implements programmes for communities in 15 countries in the Global South.
Support that gets through
An example from Mexico shows how the Alliance works successfully. Communities and the Mexican Red Cross had recognised that an improvement in the relationship between the communities and the government was necessary to ensure that support reaches vulnerable population groups that are often difficult to reach. To this end, the Mexican Red Cross founded community brigades. ‘These are trained volunteer groups equipped to assist their communities in preparing for and responding to floods,’ explains Renand. In 2020, during a major flood, they demonstrated how they responded effectively to the flood and made a significant contribution to minimising the impact of the flooding and accelerating reconstruction. ‘Recognising the successful approach of the community brigades’ approach, the National Civil Protection agency invited the Mexican Red Cross to contribute to the development of the National Strategy for Resilient Communities.’
Common concerns
The strategic realignment of the Zurich Climate Resilience Alliance does not change the cooperation between Zurich Insurance Group and the Z Zurich Foundation. The Z Zurich Foundation is a charitable foundation. Its commitment is in line with the sustainability agenda, purpose, values and culture of Zurich Insurance Group. It is its main tool to engage in the community. This includes engaging the employees of the Insurance Group. ‘The Z Zurich Foundation works alongside Zurich Insurance Group employees helping them support their communities and the causes close to their hearts via different engagement initiatives,’ says Renand. They volunteer their time and expertise to help vulnerable people.
At the Z Zurich Foundation, we believe prevention is the best form of protection.
Gregory Renand
This includes communities threatened by the consequences of climate change. The climate issue in particular demonstrates the connection and proximity to the insurance business. Renand says: ‘At the Z Zurich Foundation, we believe prevention is the best form of protection. This is something we share with the insurance industry, starting with the Zurich Insurance Group.’ Over ten years, the Alliance has improved the resilience of communities to flooding. Experience has shown: The knowledge and approaches that the Alliance has developed through this work are also applicable to other climate hazards such as heat waves, wildfires and storms. In addition, the Foundation and the other members of the Alliance have recognised that by adapting the underlying structures, practices and relationships, fundamental change is possible. ‘Increased annual funding from the Z Zurich Foundation supports the Alliance in expanding its scope and adopting a ‘systems change’ view to significantly increase our ambition and impact,’ says Renand.
Funded by members
The Z Zurich Foundation is financed by various members of the Zurich Insurance Group. It then decides to allocate it to various causes aligned with the Z Zurich Foundation’s thematic areas (adapting to climate change, responding to crisis, enabling social equity, improving mental wellbeing) and impact ambition. It also works alongside Zurich Insurance Group employees, helping them to support their communities and the causes close to their hearts via different engagement initiatives (volunteering opportunities, matching their donations).