Zurich builds out climate resilience offering

Zurich Insurance has launched a dedicated climate resilience services division aimed at helping businesses better prepare for current and future risks associated with climate change. The company say the new service offering reaffirms its commitment to limiting global temperature increase to 1.5°C above pre-industrial levels, as set out by the UN Business Ambition Pledge.

Building on its existing natural hazards risk engineering expertise, the new division will help customers map exposure along their value chain, either for global or regional operations, specific sites or even vital pieces of equipment. It will also provide guidance on how to implement sustainability measures at site level, while maintaining the ability to withstand such risk as wildfires, windstorms, floods, and temperature and sea-level rise.

Head of sustainability for commercial insurance at Zurich, Gabrielle Durisch, said: “We have invested in technology and expertise to provide customers with tailor-made advice and tools that help them strengthen their resilience and prepare for future challenges. The scope of the new offering sets Zurich apart and underscores our commitment to sustainability and a 1.5°C future. As we undertake our own journey to sustainable business practices, we are encouraging and supporting our customers to become more sustainable and mitigate climate change related risks.”

Climate change is consistently rated as one of the top areas of concern for risk managers and business owners in the World Economic Forum’s Global Risks Report. In the 2020 edition, the top five most likely risks to impact businesses in the next decade were all environmental.

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