Leading change in a changing world
The insurance industry performs a significant role in helping clients address climate-related risk – through the products and services we offer, risk prevention insights we provide, claims we pay after climate events and our capital allocations as an institutional investor.
Insurance is also a key function in the sourcing and delivery of energy needed for daily life. AIG believes in promoting preparedness to meet society’s energy needs through a combination of technological advancements, diversity in energy portfolios and an ongoing transition to a future with net zero greenhouse gas emissions.
At AIG we recognize the influential role insurance plays in economies, and that we can be a company of action through our culture of underwriting discipline and engagement with our stakeholders.
Insurance is an integral component in the world’s shift toward cleaner energy. That is why, in 2021, AIG committed to net zero operational greenhouse gas emissions by 2050 and a thorough carbon exposure assessment across our assets and liabilities.
With these findings, we made the decision to commit to net zero by 2050 or sooner in our underwriting and investment portfolios as well. As a market-leading risk management company, we are proud that we took this data-driven approach.
Consistent with the data, AIG commits to setting science-based targets to align with the Paris Agreement. Milestone commitments that we have announced include immediate and 2030-targeted actions on underwriting and investing related to coal-fired power plants, thermal coal mines, oil sands and Arctic exploration.
Our route forward depends on collaboration. We will continue working with clients, distribution partners and other stakeholders on sensible transition pathways to a more resilient, low-carbon future.
AIG is committed to a transparent journey toward sustainability advancement. To remain apprised of our framework, visit the Sustainability page of AIG.com.