Key external sustainability commitments
In line with our strategic approach to sustainability, we have signed up to a number of external charters and initiatives, and made specific commitments. The most important ones are shown below. A detailed overview of memberships and commitments is available in the section “Memberships, commitments and index listings”
2007
Commitment to responsible investment by signing the Principles for Responsible Investment (PRI)
2008
Commitment to operate responsibly, by aligning with the ten principles of the United Nations Global Compact, which covers human rights, labour, environment and anti-corruption
2012
Commitment to sustainable insurance by signing the Principles for Sustainable Insurance (PSI)
2014
Pledged to be 100% powered by renewables by 2020, in line with Climate Group’s RE100 initiative
Commitment to the United Nations to offering USD10 billion of climate protection to sovereigns and sub-sovereigns by 2020 (completed)
2015
Pledge to support limiting global warming to well below 2°C, and preferably to 1.5°C, by signing the Paris Pledge for Action
Commitment to increasing transparency on climate-related financial risks as a founding member of the Task Force on Climate-related Financial Disclosures (TCFD)
2016
Committment to doubling energy productivity as part of EP100
2019
Commitment to transitioning investment portfolio to net-zero greenhouse gas (GHG) emissions by 2050 by co-founding the UN-convened Net-Zero Asset Owner Alliance (AOA)
Commitment to net-zero GHG emissions across our entire business (underwriting and investment portfolio) by no later than 2050 by signing the UN Global Compact Business Ambition for 1.5°C
Commitment (together with partners) to offering up to USD 5 billion of risk capacity for climate risk insurance , contributing to the G7 InsuResilience target of protecting 500 million individuals by 2025 against climate risk
2021
Commitment to helping mitigate biodiversity risk and identifying nature-positive models by joining the Task Force on Nature-related Financial Disclosures (TNFD)
Commitment to individually transitioning underwriting portfolios to net-zero GHG emissions by 2050, by co-founding the UN-convened Net -Zero Insurance Alliance (NZIA)