the UN Global Compact Business Ambition Pledge has said it will use 100% renewables-sourced power throughout its global operations by the end of 2022 and stop underwriting some thermal coal and oil sands risks within two years. The move makes it the first insurance firm to promise to meet a UN Global Compact Business Ambition Pledge to limit global warming. The company said it will help clients reduce their involvement with fossil fuels.
Zurich Insurance Group has said it will use 100% renewables-sourced power throughout its global operations by the end of 2022 and stop underwriting some thermal coal and oil sands risks within two years. The move makes it the first insurance firm to promise to meet a UN Global Compact Business Ambition Pledge to limit global warming. The company said it will help clients reduce their involvement with fossil fuels.