Climate change
As a global leader in risk management, we have launched an initiative focusing on the development of products and services addressing the evolving risks associated with climate change, as well as the establishment of a long-range carbon management strategy. Although our businesses around the world have already been addressing customer needs and expectations in the area of climate-related risk, the new Climate Initiative enables us to take a more consistent and focused approach. It has three elements:
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An internal Climate Office that will energize our 58,000 employees and will help to develop risk products and solutions. It will be embedded in our underwriting infrastructure
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A Climate Change Advisory Council, consisting of internal functional leaders and external experts, to advise on strategic and operational issues. Its first two members are former US Congressman Sherwood Boehlert, an environmental champion who serves on the board of Al Gore’s Alliance for Climate Protection, and Ernst Ulrich von Weizsäcker, Dean of the Donald Bren School of Environmental Science and Management at the University of California and a former member of the German Bundestag
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An applied research program with organizations and institutions to examine the critical economic, finance and policy issues associated with climate change
As the first partnership in this third element, Zurich will fund a distinguished visitors program at the Bren School, and the school will assess our carbon footprint to help us manage carbon emissions in a meaningful and sustainable manner.
This fresh impetus builds on practices and policies already established in our organization addressing elements of climate-related risk.
Environmental policy
Energy policy
