AXIS Capital has committed to a 50 percent absolute reduction of Scope 1 and 2 greenhouse-gas emissions across its global operations by 2030.
This is the company’s latest step in its goal to transition to a low-carbon economy.
“As a specialty insurer and reinsurer that operates in the property and casualty space, we see first-hand the importance of mitigating climate risk and supporting the transition to a low-carbon economy,” said Albert Benchimol, president and CEO of AXIS Capital. “I am proud of the actions AXIS has taken to date, such as investing in our renewable-energy business and significantly limiting new thermal coal and oil sands business from our insurance, facultative reinsurance and investment portfolios, with a goal to fully phase these out by 2040 globally.”
As part of its efforts to reduce emissions, AXIS Capital als