Tag: Swiss Re

Facility for technical carbon removals being launched by major corporations

Stuart Mitchell

Five leading companies from across Asia, Europe, and North America announced their plan to join the NextGen CDR Facility (NextGen) as founding buyers to dramatically scale up carbon removal technologies and catalyze the market for high-quality carbon removals. Founding buyers in NextGen will include Boston Consulting Group, LGT, Mitsui O.S.K. Lines, Swiss Re, and UBS. The establishment of NextGen follows last year’s announcement by South Pole, recently approved as an Implementing Partner of the First Movers Coalition (FMC), and its development was strongly influenced by the Carbon Removal Climate Action…

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Swiss Re announces ambitious climate targets; accelerates race to net zero

Stuart Mitchell

Swiss Re has announced new measures to support the transition to a net-zero economy, encompassing both asset management and underwriting as well as its own operations. Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the…

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