Zurich Insurance Commits to Zero-Emission Investments by 2050
September 24 2019 - 5:21AM
Dow Jones News
By Cristina Roca
Zurich Insurance Group AG (ZURN.EB) said Tuesday that it has
committed to a zero-emission investment portfolio by 2050 by
joining the United Nations' Net-Zero Asset Owner Alliance.
The Swiss insurance company is one of the founding members of
the alliance, which was launched yesterday along with Allianz SE
(ALV.XE), Swiss Re AG (SREN.EB) and others.
Zurich Insurance said it was stepping up its efforts to
accelerate a climate change transition. Its analysis shows business
actions still aren't doing enough to keep the global average
temperature from rising less than 2 degrees Celsius above
pre-industrial levels, it said.
Zurich also said it is seeing growing demand among its business
customers for risk-management tools measuring the impact of climate
change, and that it will launch a new climate risk advisory service
during its next strategic cycle.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
September 24, 2019 05:06 ET (09:06 GMT)
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