Swiss Re Corporate Solutions’ Post

A buyer case study on our E-book showcases Zurich Insurance Group’s starting point in carbon removal! Starting is easier than you think, especially for companies already in the offsetting realm. They urge businesses to continue supporting essential projects like avoiding deforestation, but also to consider shifting towards carbon removals - a natural progression. Don't be deterred by the cost; it's an investment. Early engagement can control future expenses through establishing connections, securing resources, and broadening the market. Even a modest investment in a start-up can be transformative. It's crucial to get internal stakeholders on board with the urgency of action. With 2030 and 2050 approaching fast, we must act now to avert the worst of climate change. This isn't a situation to observe from the sidelines. 📊 Anja-Lea Fischer the Head of Operational Sustainability at Zurich Insurance Group explains why they chose to purchase CORCs: “Carbon removal is an invisible commodity. It’s a little bit abstract for many people, so having the CORC backing most of our agreements makes our actions more tangible. And the rigour behind the Puro Standard gives our approach credibility. Of course we always do our own due diligence, but its invaluable to have the expertise from Puro to help us navigate the market. We know Puro is very critical of the types of projects they certify, they are conservative in the calculation methodologies applied, and their auditing and monitoring process all contribute to the development of credible carbon removal claims.” Learn more by downloading our E-book here: https://hubs.ly/Q02lsvYF0 #CarbonRemoval #CDR #Netzero #ClimateAction

How is the #insurance sector responding to the challenges of #climatechange? Download the latest annual ClimateWise Principles review here

Great to see our client Aviva's ongoing commitment to raise awareness of Net Zero goals and challenges, with inspired leadership from Sustainability Lead Simon Burckitt. Aviva uses our Sustainable Business Coach to help brokers on their sustainability journey. Based on the numbers presented in the below article, methods and tools like this are integral to making Net Zero a focus point in strategy. #netzero #climatechange #climate #sustainability #playlifebetter

The now defunct Net-Zero Insurance Alliance has been replaced by the Forum for Insurance Transition to Net Zero (FIT) – the UN Environment Program’s multi-stakeholder forum to support the insurance industry as it accelerates and scales its voluntary transition to a net-zero emissions economy.   FIT will engage in the following activities to advance its objectives:   · Advancing frameworks for net-zero insurance metrics and voluntary targets and developing new net-zero insurance concepts · Developing a net-zero transition plan framework for insurance market participants · Engaging with the real economy on the development of net-zero transition plans by corporates across different sectors · Tackling challenges and opportunities to develop insurance solutions and taxonomies that would support the net-zero transition   Learn more about this change and the political and legal challenges FIT members should be prepared to confront: https://lnkd.in/enTvdAt3   #UNEP #NetZero #Insurance #Finance #ESG

As a life insurance company, our commitment goes beyond ensuring our clients' financial security. Why do we participate in the global climate change dialogue? This is why: 🌍 Adapting to New Risks: Climate change brings new challenges – To effectively protect our clients, we must adapt to these changes. 💼 Responsible Investing: Our investment strategies are constantly evolving. We are committed to transitioning our own investment portfolios to net-zero by 2050. 📜 Staying Ahead of Regulations: With new regulations emerging around climate-related risks and ESG disclosures, compliance is not just a requirement but a responsibility we take seriously. 🌱 Innovative Product Offerings: We are constantly looking for new ways to encourage sustainable living through our products. 🛡️ Securing Long-Term Stability: Addressing climate change is about ensuring a stable, sustainable future for our company and our policyholders. We see our role in addressing climate change as integral to our mission. We are committed to being a part of the solution, ensuring that we contribute positively to the planet while protecting our clients' interests. 🌟 #ClimateAction #SustainableSundays #Sustainability #ZurhichMiddleEast #ZurichInsuranceBahrain #ZurichInsuranceQatar

As a life insurance company, our commitment goes beyond ensuring our clients' financial security. Why do we participate in the global climate change dialogue? This is why: 🌍 Adapting to New Risks: Climate change brings new challenges – To effectively protect our clients, we must adapt to these changes. 💼 Responsible Investing: Our investment strategies are constantly evolving. We are committed to transitioning our own investment portfolios to net-zero by 2050. 📜 Staying Ahead of Regulations: With new regulations emerging around climate-related risks and ESG disclosures, compliance is not just a requirement but a responsibility we take seriously. 🌱 Innovative Product Offerings: We are constantly looking for new ways to encourage sustainable living through our products. 🛡️ Securing Long-Term Stability: Addressing climate change is about ensuring a stable, sustainable future for our company and our policyholders. We see our role in addressing climate change as integral to our mission. We are committed to being a part of the solution, ensuring that we contribute positively to the planet while protecting our clients' interests. 🌟 #ClimateAction #SustainableSundays #Sustainability #ZurhichMiddleEast #ZurichInsuranceBahrain #ZurichInsuranceQatar

VCMs play a crucial role in accelerating the reduction and removal of emissions so the goal of net-zero is not an illusions but an actual end goal. However, for carbon markets to function effectively, trust and accountability are paramount. This is where insurance steps in as a game-changer. 🔒 Reliability, Integrity and Accountability Insurance in VCMs can mitigate the risks associated with carbon credits, such as non-delivery, project failure, reversals and regulatory changes. By providing guarantees, insurers help ensure that climate projects deliver the impact they have forecast or have been verified, thus enhancing the credibility of carbon credits being traded. 💼 Confidence Investors are more likely to engage in carbon markets when they know that their investments are protected from unforeseen events. Insurance can thus cover potential financial losses due to such events, making climate projects more attractive to both private and institutional investors. This increased confidence should drive more capital into climate projects, accelerating our climate impact. Read more about insurances in VCMs in our blog https://lnkd.in/e4tQXXpr Don't miss the International Carbon Registry and Kita webinar on Integrity and Trust: The Role of Insurance and Registries in the VCM 2.0, on the 16th July 14:00 GMT (Iceland time) / 15:00 BST (UK time). Registration here: https://lnkd.in/ebjndJ3k Oli Torfason Natalia Dorfman #insurance #VCM #ICR #Kita #accountability #carbonregistry

The #insurance industry is enhancing its commitment to #sustainability with the launch of the UN-led Forum for Insurance Transition to Net Zero (FIT). Convened by the United Nations Environment Programme Finance Initiative (UNEP FI), this initiative unites key stakeholders in the insurance sector to establish ambitious targets and, ultimately, elevate net-zero insurance strategies and practices to new heights. An important step forward in the industry's decarbonization journey! https://lnkd.in/dkd-gA2F.

For some time now, insurers in Europe have been implementing binding sustainability standards. Swiss insurers are now facing a similar wave of regulation, although the exact requirements still need to be defined in many cases. In this context, we offer guidance and point out specific fields of action and assistance. #Insurance #Regulation #ESG

For some time now, insurers in Europe have been implementing binding sustainability standards. Swiss insurers are now facing a similar wave of regulation, although the exact requirements still need to be defined in many cases. In this context, we offer guidance and point out specific fields of action and assistance. #Insurance #Regulation #ESG