This factsheet compares Chubb’s new climate commitments against science-based recommendations and global peer insurers’ climate policies.
Background: In March, the world’s leading climate science body IPCC issued a “final warning” to scale up rapid action to get on a 1.5 ̊C pathway, by stopping fossil fuel expansion. The same month, Chubb announced new policies stating it will not insure oil and gas extraction projects that are located in specific protected areas or do not have evidence-based plans to reduce methane emissions.
