The Hartford Sets Net Zero Greenhouse Gas Emissions Goal
Investment and insurance company The Hartford this week announced a net zero greenhouse gas emissions target for all business units and operations by 2050.
That’s in addition to plans to operate with 100% renewable energy source consumption by 2030 and reduce select greenhouse gas emissions by at least 2.1% each year until 2037.
“The Hartford is proud to be a leader in helping address the extensive and crucial challenge of climate change,” chair and CEO Christoper Swift said in a statement.
“We are focused on doing the essential work and necessary due diligence over the next few years to position us to meet this social imperative.”
The standard for measuring emissions in underwriting, insurance, and investment activities are still in development, and the company will inform stakeholders of progress.
The net zero goal is part of The Hartford’s environmental, social, and governance initiatives, “and the company will remain engaged in learning and sharing insights and expertise as accountability models for marking net zero progress are developed.”
The statement added that the company will balance the impact to all stakeholders, and “shareholder value creation will remain central throughout the process.”
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