In May 2018, we joined the Science Based Targets initiative (SBTi), committing to set long-term climate goals for our operations and our proprietary investments in line with the Paris Climate Agreement’s target of limiting global warming to well below 2°C. Over the coming decades, we plan to actively support the required global shift to a low-carbon economy. In the future, the two degree target of the Paris Climate Agreement will be integrated into the investment of insurance customers’ premiums. To this end, all tradable investments are to be structured climate-neutrally by 2050.
We pursue this goal with several approaches. We are identifying different methods to measure the carbon footprint of our entire proprietary investment portfolio and are using additional metrics to understand risks and opportunities related to decarbonization (see the for a pilot portfolio footprint).