OPPORTUNITIES TO ATTRACT INSTITUTIONAL INVESTMENT
IMPROVING ROAD SAFETY PERFORMANCE MEASUREMENT
This expert roundtable, hosted by the Folksam Insurance Company and the Global Road Safety Partnership (GRSP), will provide an opportunity to explore incentivizing private sector road safety performance monitoring and accreditation and how this will translate into increased investment value.
Large institutional investors increasingly regard sound road safety performance as a key performance requirement when considering investment in any private sector organization. Excellence in road safety performance across an organization’s full value chain translates into:
- greater return on investment
- improved staff welfare
- enhanced reputation
- reduced litigation costs; and
- greater contributions to the UN Sustainable Development Goals by reducing preventable crash casualties.
Institutional investors also require objective road safety performance measures by which they can assess investment value.
Institutional investors require objective road safety performance measures by which they can assess investment value.
The roundtable will explore:
- costs associated with road crash death, injury and disability and flow on cost impacts to the private sector and community
- business rationale for improving private sector road safety performance including greater return on investment
- monitoring tools for reporting and accrediting road safety performance
- examples of best practice and the impact on profitability, employee welfare and sustainability commitments
- opportunities to incentivise, improve, measure and accredit road safety performance.
Participants will have the opportunity to join an exclusive group of leaders driving a cutting-edge initiative focusing on improving road safety performance measurement and the link to enhanced cost benefits and saving lives on the world’s roads.
Organizations participating in the expert roundtable will include:
• Large private sector organizations
• UN agencies
• Government agencies
• International organizations
• Philanthropic foundations
Almost every other person in Sweden is insured by Folksam and over three million customers save for their pension with Folksam. This makes Folksam a leading player in the insurance and pension savings industry in Sweden. As a pension company, Folksam manages approximately USD 50 billion on behalf of its customers and is thus one of Sweden’s largest asset managers. Folksam’s vision is for its customers to feel secure in a sustainable world. This means that when Folksam invests its customers’ money, they not only want it to give a good return, but also to contribute to the development towards a sustainable world. For example, good road safety performance is considered a requirement for any private sector company that Folksam may wish to invest in. In addition to that, Folksam’s ambition is to lower the number of road casualties by actively having a dialogue with and making demands on the companies in which it invests, as well as directing its investments to specific purposes. Folksam also tries to influence road traffic safety on a global level by disseminating the results from its own research activities. By arranging this initiative with GRSP, Folksam wants to explore how good corporate road safety performance can be measured and how improvements in the road safety performance by the private sector can be both objectively monitored and incentivised.
Global Road Safety Partnership (GRSP)
The Global Road Safety Partnership (GRSP) is a hosted programme of the International Federation of Red Cross and Red Crescent Societies (IFRC) and has, as its mission, the reduction of road crash death and injury with a focus on low- and middle-income countries. GRSP’s role includes forming partnerships between the private sector, governments, government agencies and civil society to urgently address road trauma. GRSP considers that improving road safety performance among private sector organizations throughout their value chains to be an essential ingredient to achieving the goals of the UN Second Decade of Action for Road Safety 2021 to 2030 and the targets of the UN Sustainable Development Goals (SDGs):
- SDG 3.6 – By 2030, halve the number of global deaths and injuries from road traffic crashes.
- SDG 11.2 – By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women, children, persons with disabilities and older persons.