Swiss Re, Allianz & Zurich Commit To Net Zero Emissions By 2050

Re/insurance giants Swiss Re, Allianz and Zurich are among a group 12 global companies that have committed to transitioning their investment portfolios to net zero greenhouse gas emissions.

The Net-Zero Asset Owner Alliance represents more than US $2.4 trillion, and was convened by the UN Environment Programme’s Finance Initiative and the Principles for Responsible Investment, with support by the WWF.

The aim of the Alliance is to promote responsible investment practices that can help to fight climate change by limiting the rise in global temperature to no more than 1.5°C warming.

“Mitigating climate change is the challenge of our lifetime,” said Allianz CEO Oliver Bäte. “Politics, business and societies across the globe need to act as one to rapidly reduce climate emissions.”