Zurich to double impact investment allocationNovember 27 2017 by InsuranceAsia News Staff
Zurich Insurance intends to double its allocation in impact investments to US$5 billion, the company announced.
This is part of its efforts to address the causes of climate change and other social issues that put a strain on people’s pockets, such as healthcare costs associated with tobacco use.
Impact investing is different from other forms of sustainable or responsible investing since its focus is on measuring the effects against a set of goals that have earlier been identified.
According to Johanna Koeb, head of responsible investment at Zurich, the company only made impact investments that offered returns in line with broader markets.
Zurich hopes that with its impact investments, carbon equivalent emissions would be cut by 5 million metric tons a year.
However, it has not given a deadline for its goal.
- July 16
Investment arm Riverhead Capital is funding the leasing services and leasing asset management specialist.
- June 20
The country's financial regulator may increase the quota for local insurers that invest in innovative domestic industries.
- June 15
Rising rates benefit dollar bond investors in the long run but signal growing policy divergence in Asia.
- May 16
It is determined to carry on with its proposal to raise its share in Hyundai Life Insurance to 62%.