Zurich became the last major European insurer, with the exception of the Lloyd’s market, to rule out oil and gas extraction. It also adopted an industry-first policy on metallurgical coal. However, the company needs to go further to rule out all fossil fuel expansion, and update weak emissions targets.
Zurich
2024 Scorecard on Insurance, Fossil Fuels and the Climate Emergency
| Company | Country | ceo | Underwriting | Investment | Renewables : Fossils Premiums (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Coal | Oil & Gas | Total | Coal | Oil & Gas | |||||||
Zurich | | Mario Greco | 5.41 / 10 Rank 3 Total 5.41 / 10 Coal 7.42 / 10 Oil & Gas 3.70 / 10 Total Rank 3 Coal Rank 2 Oil & Gas Rank 4 | 7.42 / 10 Rank 2 | 3.70 / 10 Rank 4 | 5.83 / 10 Rank 4 Total 5.83 / 10 Coal 10 / 10 Oil & Gas 3.05 / 10 Total Rank 4 Coal Rank 1 Oil & Gas Rank 12 | 10 / 10 Rank 1 | 3.05 / 10 Rank 12 | 35:65 | |||
CEO: Mario Greco
SwitzerlandUnderwriting Score
Total
5.41 / 10
Rank 3
Coal
7.42 / 10
Rank 2
Oil & Gas
3.70 / 10
Rank 4
Investment Score
Total
5.83 / 10
Rank 4
Coal
10 / 10
Rank 1
Oil & Gas
3.05 / 10
Rank 12
Rank over time
The companies were ranked from 1 (best) to 30 (worst) based on their scores, companies with the same score were given the same rank. Data was not collected on oil & gas until 2020.
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