Chubb Announces New Global Greenhouse Gas Emissions Reduction Goals Aligned with Science-Based Standards
2019 MAY 28 (NewsRx) -- By a
This is the third GHG emissions reduction commitment the company has undertaken since launching its corporate environmental program in 2006, and the first that adheres to science-based standards. This is also the first companywide goal announced since
“Chubb recognizes the reality of climate change and the substantial impact of human activity on our planet,” said
From 2006 to 2012, the company reduced GHG emissions nearly 27% per employee, substantially exceeding its original target of 8% per employee. A new goal was set in 2014. From 2015 to 2018, a period that included the acquisition, Chubb reduced its absolute global GHG emissions by 21%. By 2035, the impact of the company’s continued focus on energy efficient operation programs will result in the emissions reduction of nearly 45,000 metric tons of CO2 equivalent per year.
Achieving these goals will be accomplished through a combination of real estate portfolio optimization, energy efficiency projects and the purchase of renewable electricity. Chubb has worked to make reductions within its global operations, with a focus on reducing energy consumption at the facility level, primarily in owned buildings and larger, long-term leased spaces. This includes efforts to reduce the direct and indirect GHG emissions generated from heating, cooling and lighting in offices and from company owned or leased vehicles, as well as the reduction, reuse or recycling of resources.
The environment is also a priority in Chubb’s corporate philanthropy. The Chubb Charitable Foundations and the company’s employees support a wide range of environmental causes and volunteer activities in local communities around the world. Through these initiatives, Chubb promotes a healthy and sustainable planet.
In its business, Chubb is a leader in developing insurance products and risk management services that facilitate market-based solutions to environmental and climate-related issues. Today, Chubb is among the world’s largest global underwriters of environmental liabilities and pollution risks. In the
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