Beyond ‘business as usual’. Addressing the climate change crisis

Zurich has committed to the UN Global Compact’s Business Ambition for 1.5°C Pledge and is implementing strict criteria for its underwriting and investment portfolios, including a plan to divest from clients relying heavily on carbon-intense fossil fuels. The company aims to use 100% renewable energy by 2022 and supports 110 low-income communities through the Zurich Flood Resilience Alliance.

• Zurich is the first insurance company to commit to the UN Global Compact’s Business Ambition for 1.5°C Pledge, which seeks to limit global temperature increases to 1.5°C above pre-industrial levels by 2030.
• The company is implementing a policy to encourage clients and investees to transition away from thermal coal, oil sands, and oil shale within two years; those deriving over 30% of revenue or energy consumption from these materials will generally lose cover or investment.
• Zurich has set specific internal operational targets, including transitioning to 100% renewable energy for power by 2022, eliminating single-use plastics, and reducing paper usage by 80%.
• Through the Zurich Flood Resilience Alliance, the company provides support to 110 communities, primarily low-income, across nine countries.
• Zurich's annual impact investments target the avoidance of 5 million tonnes of CO2-equivalent emissions and the improvement of lives for 5 million people.

APA

Greco, M. (2019). Beyond ‘business as usual’. Addressing the climate change crisis. World Economic Forum. https://www.weforum.org/stories/climate-action/beyond-business-as-usual-addressing-the-climate-change-crisis/

Chicago

Greco, Mario. Beyond ‘business as usual’. Addressing the climate change crisis. World Economic Forum, 2019. https://www.weforum.org/stories/climate-action/beyond-business-as-usual-addressing-the-climate-change-crisis/.

Wikipedia

{{cite press release |last1=Greco |first1=Mario |title=Beyond ‘business as usual’. Addressing the climate change crisis |publisher=World Economic Forum |date=20 September 2019 |url=https://www.weforum.org/stories/climate-action/beyond-business-as-usual-addressing-the-climate-change-crisis/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{greco2019beyond, author = {Greco, Mario}, title = {{Beyond ‘business as usual’. Addressing the climate change crisis}}, publisher = {World Economic Forum}, year = {2019}, month = sep, url = {https://www.weforum.org/stories/climate-action/beyond-business-as-usual-addressing-the-climate-change-crisis/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }