Chubb hits its 2025 GHG emissions target early

Chubb has achieved its short-term goal to reduce greenhouse gas (GHG) emissions 20 percent on an absolute basis by 2025.

By year-end 2019, Chubb's GHG emissions were cut 22 percent from a 2016 baseline. The re/insurer said it continues to pursue its long-term goal to reduce absolute GHG emissions 40 percent by 2035.

The goal was achieved through real estate portfolio optimisation and energy-efficiency projects. It has focused on reducing energy consumption at the facility level, primarily in owned buildings and larger, long-term leased spaces, and will continue to use this approach to achieve its 2035 target.

These targets are aligned with the two-degree Celsius limit outlined in the Paris Climate Agreement.

Evan Greenberg, chairman and chief executive officer at Chubb, said the company has been working to reduce its GHG emissions since launching its corporate environmental program more than a dozen years ago.

"Our initiative to reduce Chubb's environmental footprint is one way we demonstrate our commitment to respond to climate change. Through our philanthropy and public advocacy, we also support efforts that strengthen the resilience of communities and protect biodiversity," he added.