News from Chubb, The Hanover, Power Insurance and more. (Photo: Shutterstock)
Chubb announced a new companywide goal to reduce its global greenhouse gas (GHG) emissions by 20% on an absolute basis by 2025, and 40% by 2035. Both goals use 2016 emissions levels as the baseline and are aligned with the two-degree Celsius target outlined in the Paris Climate Agreement, as well as the quantitatively supported science-based standards methodology of the United Nations Environmental Program. This is the third GHG emissions reduction commitment Chubb has made since 2006, and since then, has reduced GHG emissions by roughly 27% per employee. Chubb representatives say their goals will be achieved through a combination of real estate portfolio optimization, energy efficiency projects and the purchase of renewable electricity.
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