Allianz: in turn snubs coal
(CercleFinance.com) - In an effort to promote the transition to a low-carbon economy, Allianz today announced that it will stop insuring coal-fired power plants and existing (or planned) coal mines.
Other initiatives of the same kind: the German insurance giant has decided to exclude coal-related risks for its property and casualty insurance, as well as in its priority investments by 2040, and aims to reduce the footprint carbon of its operations by this time - in particular by increasing the share of renewable energies in the electricity it uses.
Finally, the group has joined the Science Based Targets Initiative (SBTi), a non-profit making organisation that was launched by the United Nations Global Compact, the Carbon Disclosure Project and the World Wildlife Fund (WWF), to help companies from over 45 sectors and all regions of the world to set emission reduction targets that are consistent with the achievement of international climatic goals.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Other initiatives of the same kind: the German insurance giant has decided to exclude coal-related risks for its property and casualty insurance, as well as in its priority investments by 2040, and aims to reduce the footprint carbon of its operations by this time - in particular by increasing the share of renewable energies in the electricity it uses.
Finally, the group has joined the Science Based Targets Initiative (SBTi), a non-profit making organisation that was launched by the United Nations Global Compact, the Carbon Disclosure Project and the World Wildlife Fund (WWF), to help companies from over 45 sectors and all regions of the world to set emission reduction targets that are consistent with the achievement of international climatic goals.
Copyright (c) 2018 CercleFinance.com. All rights reserved.