NEW YORK--(BUSINESS WIRE)--
ACE Group today announced that it achieved its companywide
greenhouse gas (GHG) emissions reduction goal, set under the guidelines
of the U.S. Environmental Protection Agency’s (EPA) Climate Leaders
program, more than two years ahead of the original 2012 target date. The
company achieved the goal – to reduce its global GHG emissions by eight
percent per employee from 2006 to 2012 – in 2009 based on emissions data
collected earlier this year.
The company joined Climate Leaders in 2007 and used the program’s
rigorous methodology to complete its 2006 base-year GHG inventory. Based
on that data, it then set and publicly announced its reduction target in
October 2008. Although the EPA recently announced that it would phase
out the Climate Leaders program next year, ACE will continue to track
and report on its global GHG emissions annually.
“We’re pleased to have achieved our carbon emissions reduction target
earlier than expected,” said Evan G. Greenberg, Chairman and Chief
Executive Officer of ACE Limited. “ACE is committed to reducing its
carbon footprint and controlling its environmental impact, even as we
continue to expand our operations around the globe.”
ACE reached its goal through a range of activities, including making
energy-efficient lighting upgrades and heating/ventilation/air
conditioning improvements in its largest owned and leased facilities,
reducing non-essential business travel and optimizing its real estate
ACE also reports its GHG data, along with an analysis of related climate
change risks and opportunities, each year through the Carbon
Disclosure Project (CDP), an independent, not-for-profit
organization that gathers and scores primary corporate carbon emissions
information from thousands of businesses around the world. The company
was recently named by CDP to the 2010 Carbon Performance Leadership
Index; ACE was among 48 companies – and one of only three insurance
companies – from the world’s 500 largest public companies to earn this
recognition. In addition, ACE recently ranked 6th in the
banks and insurance sector and 64th overall in Newsweek’sGreen
Rankings of America’s 500 largest companies.
ACE provides a comprehensive view of its climate change and
environment-related activities each year in its Environmental Report,
which is available on the “ACE
and the Environment” page of its website.
Celebrating 25 years of insuring progress, the ACE Group is a global
leader in insurance and reinsurance serving a diverse group of clients.
Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock
index, the ACE Group conducts its business on a worldwide basis with
operating subsidiaries in more than 50 countries. Additional information
can be found at: www.acegroup.com.
ACE GroupStephen Wasdick, email@example.com
Source: ACE Group