Zurich Insurance Group is supporting its suppliers in their efforts to decarbonise operations. Using a range of climate training materials and carbon footprint measurement tools, the insurer's suppliers can create a unique blueprint of the practical steps they can take on their own journeys to net-zero operations.
“This initiative demonstrates Zurich’s commitment to emissions reduction throughout the value chain and illustrates how we use our expertise and resources to support others to transition to the net-zero economy,” said Linda Freiner, group head of sustainability.
Zurich is one of five insurance companies to be recognised with Supply Chain Engagement Leader status by CDP, the not-for-profit charity that runs the global disclosure system for individuals and organisations to manage their environmental impacts. CDP recognises Zurich among the top 8% of companies for supplier engagement on climate change.
Zurich aims for 75% of its managed procurement spend to be with suppliers that have science-based emission reduction targets by 2025 and net-zero targets by 2030.
Supply chain emissions are on average 11.4 times greater than a company’s own operational emissions, according to CDP.
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