Zurich has outlined a string of new targets and initiatives in a bid to reinforce its commitment to sustainability within the insurance industry in Australia and New Zealand. Among the targets include reducing emissions from local operations by 60 per cent by 2025 and 76 per cent by 2029, reducing total CO2e emissions from printed paper by 70 per cent by 2025 and reducing the carbon intensity of its local investment portfolio by 25 per cent by 2025, with an aim to have a carbon neutral portfolio by 2050.

“Just recently, Zurich Insurance Group announced it had brought forward its global net zero operations target by 20 years, with a new target of 2030. This is on top of the Group’s ESG rating being upgraded to ‘AAA’ – the highest possible score from the investment research firm, MSCI,” Zurich Australia and New Zealand CEO, Justin Delaney, said.

“Locally in Australia and New Zealand, our new targets support Zurich’s global approach to ensure a more sustainable future for our people, customers and communities.” The new targets will be overseen by Shaneen Marshall who will take on the expanded role of head of strategy and sustainability.

The rest of this article can be found at ifa.com.au.