Zurich Insurance Group is taking global measures to accelerate cuts in carbon emissions from its operations and expanding its offering to customers to help the transition to a net-zero future. This includes the insurance industry’s first carbon-neutral equity fund and an expansion of its commitment to underwrite renewable energy.

The new carbon-neutral investment option for unit-linked life insurance solutions, the Zurich Carbon Neutral World Equity Fund, invests in low-emission companies allowing customers to take control og the impact of their investments. The Group is also expanding its offering for the renewable energy sector, further strengthening its clean energy underwriting capabilities to offer a more complete suite of products and services tailored to support our customers’ transition, which will launch in January 2022.

While the Group’s operations have been carbon neutral since 2014, Zurich is committed to reducing its remaining greenhouse gas emissions by half by 2025 and by 70 per cent by 2029, and with immediate effect, new company vehicles will be electric or hybrid, with the goal to eliminate internal combustion engine-only vehicles from the fleet by 2025.

The Group is also aiming to implement a sustainable buildings programme in an additional 50 offices by the end of 2022. A new energy efficiency ambition for real estate will be set once the target to switch to 100 perc cent renewable power across the Group is reached next year.

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