- Jun 28, 2019 9:15 pm GMT
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The UN Global Compact Business Ambition Pledge's aim is to limit global mean temperature rise to 1.5*C above pre-industrial levels.
As part of the agreement, Zurich pledges to power all its operations worldwide with 100% renewable energy by 2022, according to an industry news report. It's also striving to eliminate single-use plastics and reduce internal paper usage by 80%.
Zurich Insurance Group has been a leading multinational corporate proponent of taking actions to reduce greenhouse gas emissions, mitigate and adapt to climate change and environmental degradation.
As an insurance provider, Zurich Insurance Group sees "first-hand the devastation natural disasters inflict on people and communities," said Chief Executive Mario Greco.
“This is why we are accelerating action to reduce climate risks by driving changes in how companies and people behave and support those most impacted. It is simply the right thing to do,” he said.