The Geneva Association has become a supporting institution of the Net-Zero Asset Owner Alliance (NZAOA), a UN-convened alliance of institutional investors committed to transitioning their investment portfolios to net-zero carbon emissions by 2050.

The Geneva Association joins other insurance associations, including Insurance Europe, the French Insurance Federation, the German Insurance Association and the Swiss Insurance Association as supporting institutions of the NZAOA.

Bob Swarup, director of The Geneva Association’s Chief Investment Officer Network, commented: “Transitioning to a more resilient, sustainable economy will require trillions of dollars in investment over the coming years. As significant long-term investors, the insurance industry has a pivotal role to play in filling that gap. The Geneva Association’s global network of insurance chief investment officers looks forward to collaborating with the Alliance to bring fresh thinking to the table.”

Jad Ariss, managing director of The Geneva Association, added: “Becoming a supporting institution of the Net-Zero Asset Owner Alliance is an important development for our organisation. This engagement will allow us to continue driving collaboration and exchange in this space, including through The Geneva Association’s global network of insurance chief investment officers. The fact that the insurance companies of 25% of The Geneva Association’s CEO members already participate in the alliance is a clear sign that the net-zero agenda is an increasing priority for the insurance industry.”

Earlier this year The Geneva Association also became a supporting institution of UNEP-FI’s Principles for Sustainable Insurance.

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