Chaucer declares net-zero commitments

Global specialty re/insurance group, Chaucer, has announced its commitment to achieve net-zero greenhouse gas emissions across all business operations by 2050 or sooner. This includes its global underwriting and investment portfolios.

John Fowle, CEO of Chaucer says: “We all need to play our part in addressing climate change. By committing to net-zero emissions by 2050 or sooner, including proactively addressing the carbon footprint and transition plans of our counterparties, Chaucer is determined to be a positive influence.

“As an re/insurance group, we see the devastating impact of climate change, as extreme weather events become more frequent and severe, causing untold damage in their wake. It is incumbent upon us all to do our part to aid the transition to a low-carbon global economy to help meet the net-zero target.”

The news follows its recently announced collaboration with Moody’s to produce a data-driven ESG ‘scorecard’ that will enable it to measure the ESG performance of its counterparties, including clients and suppliers, using 158 unique data points.

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