How Zurich goes net zero with a cutting-edge, data-driven approach
Zurich Insurance is Switzerland’s largest insurer with a clear focus and intention on sustainability-driven developments. The Group is committed to using every lever available – investments, operations, and products and services – to accelerate the transition to a net-zero emission economy. Zurich is setting new climate targets for its investments and operations and, crucially, will help finance the transition and require the companies it invests in to set targets aligned with the Paris Agreement.
The action plan is part of Zurich’s ambition to be one of the most responsible and impactful businesses in the world. The measures underscore a commitment made in 2019 when Zurich became the first insurer to sign the Business Ambition for 1.5°C Pledge to limit global warming.
COO and Head Product Development Global Real Estate Roger Baumann: „In managing its real estate assets Zurich Insurance Group proactively integrates Environmental, Social and Governance (ESG) factors into the investment process alongside traditional financial metrics. Together with BuildingMinds, we leverage the power of ESG data to realize effective emission reductions through data modelling and reduction scenario analytics.”
The targets address three key areas on the road to decarbonization: emission reduction in the portfolio and engagement with companies to bring about change and direct investment in solutions.