Hey, Baby Boomer Insurance Plans for Retirement: How About Joining the Fight Against Climate Change Instead? – Risk & Insurance



Pamela Davis is the founder, president and CEO of the Nonprofits Insurance Alliance (NIA). NIA is the nation’s leading property and casualty insurer serving not-for-profit organizations. Pamela can be found at [email protected]

This is a call to action. It’s time for the gym to stop thinking we’ve done our job and it’s time to relax.

Whether you know it or not, our generation’s corporate lifestyle is making our planet unsustainable. Now that we know, we can’t just look at the younger generations and pretend it’s their problem.

If you were one of the millionaires who grew up in the 1950s and 60s like I did, you’re probably close to retirement and can’t wait to get to that bucket list. You’ve probably worked hard all your life: Your kids (if you had any) are growing up, you’ve saved as much as you can in a 401(k), and now you’re looking forward to coming back in 20 or so years and enjoying the fruits of your labor.

Please don’t do that.

The world needs you and our entire generation – now more than ever. This is not the time to take it personally.

No matter how hard we work, no matter how diligent we are, if we are in our late 50’s to early 70’s, our lives have benefited from a life that was not stable.

While many of us in the insurance industry have been doing our best to assess risks, many have missed the biggest risk of all by failing to adequately assess the impact of climate change.

We have benefited from a growing GDP that has depended on burning fossil fuels, and now we are dealing with the effects of more carbon and methane in our atmosphere.

The signs are everywhere: wildfires in Europe and the US, famine in Africa, rivers drying up in the American West and Portugal, crops lost due to heat in India, ice caps melting, extreme heat in Britain.

I agree the consensus of the scientific community on this issue and be certain of its value without a shadow of a doubt. Although I am not a scientist, I am a person who still respects the facts.

Many of us who were successful in building our retirement nest eggs over the past few decades have benefited greatly from the profits we made in the same industries that are some of the biggest contributors to global warming.

Not everyone is lucky enough to have a retirement nest egg. That is why it is appropriate for those of us who have wealth to do our part.

How You Can Do Your Part

I believe that you cannot ask anyone else to do something that you have not already done.

I’m committed to doing everything I can – personally and professionally – to educate myself about the hard truth, talk about global warming, write about it whenever possible, and share how the changes I’ve made in my life have not changed. he slowed down a bit.

Renewable energy: Between the solar I’ve had on my house since 2007 and the battery system that was recently installed, my house generates enough electricity most days to run two houses.

Plant-based foods: I became a vegetarian about a year ago. No matter how you look at it, the calories provided by meat and dairy products do not reflect the energy required to produce them.

Locally sourced, organic foods: As much as possible, I eat locally produced food. Also, for 25 years I have not used any pesticides or herbicides in my garden.

Minimize unnecessary travel: For 10 years I haven’t flown for fun. At the same time, I travel 2,000 kilometers a year in my car. At the organization I oversee, we have implemented a travel ban.

Go to: Whenever I can, I will travel. Yes, it takes a lot of time, but I have gotten better at doing it.

Recommended Reading: 19 Questions by Pamela Davis, CEO of the Nonprofits Insurance Alliance

Clothes: I hang my clothes out to dry and usually only buy second hand clothes. Recently, I was complimented on my retro style – but the person didn’t realize that these are the clothes I’ve been wearing for 30 years!

I do more than this to reduce my carbon footprint, and I invite you all to join me in finding ways to do it yourself, but these kinds of actions alone are not enough.

Use Your Voice

The majority of people are close and powerful. We must use our words.

Global warming is not political, no matter how some people try to make it. It’s such a big problem that it requires all of us – organizations, non-profits, governments and individuals – to see this as an existential threat.

In addition to reducing our carbon emissions, we must use our wallets and our voices to force immediate action to get out of the habit of using fossil fuels.

Our forefathers’ generation united to bring all their wealth to fight a world war. Our problem is very big.

I am 70 years old, fit and healthy and have learned to slow down and smell the flowers. Now let’s do our part to make sure there are more flowers and bees to visit, now and in the future. There is not a moment to waste.

If we don’t do everything we can, each of us, and together, to reduce the amount of our air and raise the awareness of the danger that exists, we can tattoo ourselves on our foreheads so that we don’t give a rat’s ass. of our children or grandchildren.

I know that’s not how you feel, so let’s get to it!

Can you join me? &