Zurich Targets Net-Zero Emissions by 2030, 20 Years Earlier Than Previously Planned
March 31 2022 - 4:42AM
Dow Jones News
By Ed Frankl
Zurich Insurance Group AG said Thursday it would bring forward
by 20 years its target to achieve net-zero emissions in its
operations.
The Swiss insurance company said it will now aim to reach its
goal by 2030 rather than 2050, after implementing plans to achieve
deep cuts in absolute emissions this decade.
Zurich said it made advance payments to companies that work to
remove carbon from the atmosphere to help them further develop,
scale and commercialize their technology.
The carbon-removal companies are InterEarth from Australia,
Puerto-Rico based Bio Restorative Ideas, and Oregon Biochar
Solutions, Zurich said.
In March 2021, the company said it would target cutting
emissions from operations by 50% by 2025 and 70% by 2029.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
March 31, 2022 04:27 ET (08:27 GMT)
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