IAG has renewed its partnership with the Aboriginal Carbon Foundation (AbCF) for three more years, the business announced on Wednesday, with the insurer continuing to support AbCF’s work to raise awareness and adoption of cultural land management practices amid an increase in bushfire risks.
AbCF and IAG first partnered in 2022 to deliver economic benefits to Indigenous peoples and Traditional Owner groups who undertake specialised cultural land management work.
Cultural burns are land management practices developed by Aboriginal people that draw on 65,000 years of knowledge. These practices reduce fire risk, emit less greenhouse gas than other hazard-reduction methods, and help maintain soil and biodiversity health.
The move comes with a recent IAG report showing that the threat to both natural and built environments is growing faster than previously projected by climate models.
However, challenges remain in integrating cultural land management into mainstream emergency management frameworks, as well as in addressing legislative restrictions and insurance solutions.
Speaking on the partnership, Amy Hogan, IAG’s executive manager for group sustainability & climate action, said the insurer looks forward to continuing to advance conversations with industry and government on the community and environmental benefits of cultural burning as a preventive tool to mitigate bushfire risk.
CEO Rowan Foley said the foundation is grateful for the continued support of IAG and their recognition of cultural land management as an important mitigation tool.
“Through deepening understanding of Aboriginal land management practices, we will drive greater uptake and create safer communities. This will also generate community unity, prosperity and wellbeing for First Nations peoples, enabling them to fulfill their aspirations and dreams for community and Country,” Foley said.
