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Coastal News Today | World - Global insurance and reinsurance leaders establish alliance to accelerate transition to net-zero emissions economy

Eight of the world’s leading insurers and reinsurers have established the UN-convened Net-Zero Insurance Alliance (NZIA) as founding members, committing to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050. As risk managers, insurers and investors, the insurance industry has a key role in supporting the transition to a net-zero economy. NZIA members will individually set science-based intermediate targets every five years and independently report on their progress publicly and annually to contribute to achieving the goals of the Paris Climate Agreement, in cooperation with the respective competition authorities. All eight NZIA founding members are part of the UN-convened Net-Zero Asset Owner Alliance (NZAOA) established in 2019, where they are already individually setting science-based 2025 decarbonisation targets for their respective investment portfolios in line with a net-zero transition pathway.

SCOR builds on its climate leadership by co-launching the Net-Zero Insurance Alliance and confirms phased coal withdrawal

SCOR builds on its climate leadership by co-launching the Net-Zero Insurance Alliance and confirms phased coal withdrawal SCOR co-launching and confirms phased coal withdrawal SCOR, together with seven of the world s leading insurers and reinsurers, announces the launch of the pioneering Net-Zero Insurance Alliance (NZIA), the culmination of the founding signatories work with the UN Environment Program. SCOR strongly believes that the global (re)insurance industry has a leading role to play in accelerating the transition to a more resilient, net-zero emissions economy in line with the 1.5°C target of the Paris Agreement on Climate Change. As a founding signatory, the Group commits in particular to:

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