Broker Aon is to donate the proceeds of a COVID vaccine supply scheme to a global charity designed to ensure vaccination equality across the world.
Aon has pledged a minimum of $100,000 to the COVID-19 Solidarity Response Fund, run by the WHO Foundation and the United Nations Foundation in support of the World Health Organization (WHO). Under the agreement it will donate 100 percent of all 2021 revenues earned from its new vaccine supply chain solution to the fund.
“As we continue to move toward the ‘New Better’ and have seen incredible progress in some areas when it comes to vaccine distribution, the COVID-19 pandemic is still affecting communities around the world in unprecedented ways and its impact will continue to reverberate for years to come,” said Greg Case, (pic) CEO, Aon. “By benefitting the COVID-19 Solidarity Response Fund, our new collaborative solution is not only providing first-hand support in supply chain management, but also aiding other critical life-saving efforts of the WHO Foundation.”
Delivered through broad industry collaboration, Aon’s recently launched solution provides supply chain protection for global COVID-19 vaccine shipments and is designed to help maximise the number of doses that are administered to the public.
“The solution provides transparent cargo insurance coverage for COVID-19 vaccines and combines sensor data and analytics to deliver timely payment for doses that fall outside of the agreed-upon temperature range while being transported or stored,” Aon explained. “Qualified parties in the vaccine supply chain are eligible, including pharmaceutical firms, government bodies, transportation and logistics companies, distributors, health systems, pharmacy chains and inoculation centres.”
The broker said it was making the pledge as the COVID-19 Solidarity Response Fund for the WHO is the only way for individuals, corporations, foundations and other organisations around the world to directly support the work of the WHO and its partners to help countries prevent, detect and respond to the COVID-19 pandemic.
As of May 2021, the fund has put more than $250 million in donations to work. Donations support the WHO’s efforts including suppressing worldwide transmission of the virus, reducing mortality, protecting the vulnerable and accelerating equitable access to new COVID-19 tools.
“Navigating vaccine distribution at a global scale is one of the most immediate and pressing hurdles facing our leaders today,” said Paul Kim, Head of Strategy and Product Development, Commercial Risk Solutions at Aon. “It is an honour to support the WHO Foundation to maximize the impact of our efforts. We are proud to not only provide an innovative offering to help work toward equitable global distribution, but to also directly benefit a fund that is impacting communities around the world in the fight against COVID-19.”