The Accident Compensation Corporation (ACC) is the Crown Entity set up under the Accident Compensation Act 2001 to deliver New Zealand's accident insurance scheme (the Scheme). The purpose of the Scheme is to deliver injury prevention initiatives and no-fault personal injury cover for everyone in New Zealand, including overseas visitors. ACC has 34 offices across the country, and approximately 3,500 permanent and temporary staff. ACC holds an investment fund of ~$44b, as at June 2019, to help us meet the future costs of injuries that have already occurred.
ACC is committed to the Government's carbon reduction objectives and aims to show leadership on climate change. As part of this commitment, in August 2020, ACC announced a new climate change policy framework with two key elements
- Reduce our corporate emissions by 60% by 2025 compared to 2019 levels.
- Reduce the carbon intensity of our Investment Fund’s global equities portfolio by at least 50% by 2030 compared to 2019 levels.
This Toitū certification will apply to ACC's Corporate emissions. The Investment Portfolio emissions programme will be run separately because, through consultation with Toitū, we understand the ISO 14064-1 GHG Standard is not well suited for auditing financed emissions.