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Zurich's Climate Initiative

Our Climate Initiative takes a market-based approach to addressing the risks that we and our customers face from climate change.

The Climate Initiative has three main elements:

  • An internal Climate Office responsible for developing and implementing Zurich's global climate change strategy; 
  • A Climate Change Advisory Council to advise Zurich's management on strategic and operational issues associated with climate change; and 
  • An Applied Research Program with organizations and institutions that can bring multi-disciplinary expertise to bear on the issues associated with climate change.

 

Internally, we have performed an in-depth assessment of our own carbon footprint, using 2007 as our base year. The resulting Group-wide emissions from all sources considered were estimated to be 228,000 tons, or 3.9 tons per employee. Going forward, we have committed to a 10 percent reduction target of our Group-wide emissions by 2013. This reduction target will be pursued through a combination of cleaner energy sources, energy efficiency measures, reduced air travel and the gradual transition of our car fleet to more fuel efficient cars. See more information about Zurich's Group-wide carbon footprint.

Our research, outreach and advocacy efforts have already led to a number of outputs – see some of the climate insights for a sample of what we’ve delivered recently.

All of these efforts are aimed ultimately at helping our customers. Take a look at some of the innovative climate-related products we offer to meet that goal.

Disclaimer:
Views expressed on this page and in the reports are not necessarily those of the Zurich Financial Services Group, which accepts no responsibility for them.

Featured resources

A design for financing geologic carbon storage
by James J. Dooley, Chiara Trabucchi and Lindene Patton From the International Journal of Greenhouse Gas Control » Download article (pdf)

The climate risk challenge  » more

Zurich's Group-wide carbon footprint » more

Zurich Financial Services Distinguished Visitors Program on Climate Change » more

Aerospace, Defence and Climate Change: The Risk Dimension
By John Scott and Adam Piper From Energy and Environmental Defence
» Download article (pdf)

Storing Carbon
Options for Liability Risk Management, Financial Responsibility
By Chiara Trabucchi and Lindene Patton

From the Bureau of National Affairs
» Download article (pdf)

News releases

The Climate Risk Challenge – The role of insurance in pricing climate-related risks » more

Francis Bouchard appointed head of the Climate Office. » more

Zurich’s global Climate Initiative marks first year anniversary with impressive accomplishments. » more

Zurich offers political risk insurance for carbon credit projects. » download pdf

Zurich forms dedicated alternative energy team.
» download pdf