Zurich Insurance to Increase Impact Investments to $5 Billion
November 23 2017 - 5:12AM
Dow Jones News
By Pietro Lombardi
Zurich Insurance Group AG (ZURN.EB) said Thursday that it plans
to expand its impact investing portfolio commitment to $5 billion,
more than doubling its original target of $2 billion.
The Swiss company said it would expand its impact investments,
which it defines as profitable investments that can have a social
or environmental impact.
The asset classes the company wants to invest in include green
bonds--which fund projects aimed at mitigating the effects of
climate change or help communities facing such effects--and social
and sustainability bonds aimed at tackling other social issues.
Earlier this year, Zurich said it had achieved its target of
investing $2 billion in green bonds.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 23, 2017 04:57 ET (09:57 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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