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Stephan Zilkens - Does Being Green Influence Fine Art Insurance

Stephan Zilkens - Does Being Green Influence Fine Art Insurance






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    Stephan Zilkens - Does Being Green Influence Fine Art Insurance Stephan Zilkens - Does Being Green Influence Fine Art Insurance Presentation Transcript

    • Does being green influencefine art insurance?Dr. Stephan ZilkensEuropean Registrars meetingAmsterdam November 9th 2010
    • Agenda• Definition – what does it mean being green?• Carbon footprint and its implication on  Art  Artists  Exhibition and Museum  Packaging and Transport by Air, Sea, Road  Travelling  Risk carrier• Change of Risk and Risk Management ?• A Scenario of Exhibition planning in the future 2
    • Being Green ?• Taking care of the environment to preserve the planet for future generations  Reduce spoil of resources  Live conscious in private and public life  React responsible on megatrends  Globalisation  Growth of Population  Struggle for food and energy  Climate Change• But – you can only control what you can measure ! Carbon Footprint 3
    • Definition of carbon footprint• total set of greenhouse gases (GHG) emissions caused by an organization, event, product or person  For simplicity of reporting, it is often expressed in terms of the amount of carbon dioxide, or its equivalent of other GHGs, emitted  Carbon dioxide emissions into the atmosphere are often associated with the burning of fossil fuels, like natural gas, crude oil and coal• The Kyoto Protocol defines legally binding targets and timetables for cutting the GHG emissions 4
    • First Step: Transparency reduce CO2 ! 5. Check Potential to reduce CO2 4. Calculate Carbon footprint 3. Analyse Date 2. Check Data 1. Collect Data Carbon Footprint is the relevant Information to reduce CO2 5
    • Factors regarding exhibition risks Painting Sculpture Object Risk carrier Storage Insurance warehouse Company Exhibition footprint 0 Museum Exhibition Packaging hall Transport Road Sea Air 6
    • Cargo caused CO2 emission – example Germany 2005 Transport Quantity Emission G CO2 / tkm (Billion tkm) (Million t Co2) Truck 394 51 89 Railway 95 3 24 Riverboat 64 2,5 35 Ship 1612 (24-34)*) 9 Aircraft 7 4,5 665Source: IFO und UBA 7*) different sources give different results
    • Example Textile Industry –Shirt produced in India and sold in Germany 3,78 kg CO2Hamburg 0,07 kg CO2 Frankfurt Dhaka Singapur 8
    • Options to optimize CO2 kg CO2-emission per t one way Munich IstanbulRoad transport optimization General optimization 9
    • Change of Risk through carbon footprint?• Each Museum has its individual footprint  Heating, size, energy consumption also for security• Each Art Object has its individual footprint  Painting, sculpture, multiple, installation  Crate, frame, breakable item• Each Transport has its individual footprint  As shown above• Each insurance company has its individual footprint  People, structures, offices 10
    • Risk management today – not influenced by carbon footprint 11
    • Exhibition planning in the future CO2 reduced• Low energy consumption – influence on security probable• Change of transport means (sailing ships instead of aeroplanes) – influence for damages more than probable• Only natural packing materials – for sensible items risk of not being insurable• Choice of Risk Carrier (Insurance company) following its carbon footprint – rating problems ahead 12
    • Being green impact on insurance ?!Volume Insured - integrated Risk Management – premium relatedMust stay in an adequate relation - Change of sponsoring? Carbon certificates ! 13
    • We would be pleased to provide you withfurther information on request and to helpwith queries at any time.Please do not hesitate to contact us.Zilkens Fine Art Insurancebroker GmbHEupener Straße 70 • 50933 Kölnphone +49 221 8 00 68 420fax +49 221 8 00 68 421mobile +49 171 3 30 66 30e-mail zilkens@zilkensfineart.com 14