In recognition of World Environment Day on June 5, Chubb is proud to announce three milestones that reflect the company’s commitment to the environment and responsible corporate citizenship. These announcements are examples of Chubb’s actions to reduce its environmental footprint and, through its philanthropy, strengthen the resilience of communities and protect biodiversity against the effects of climate change. More information about Chubb’s environmental programs and initiatives can be found in the company’s environmental report and in the Citizenship section of Chubb.com.
Chubb has achieved its short-term goal to reduce greenhouse gas (GHG) emissions 20% on an absolute basis by 2025. By year-end 2019, Chubb’s GHG emissions were cut 22% from a 2016 baseline. The company continues to pursue its long-term goal to reduce absolute GHG emissions 40% by 2035. Both science-based goals are aligned with the two-degree Celsius limit outlined in the Paris Climate Agreement.
The Chubb Charitable Foundation has announced a $500,000 commitment to Rainforest Trust, a global conservation organization that purchases and protects the most threatened tropical forests, saving endangered wildlife and sequestering carbon through partnerships and community engagement. The Foundation’s first grant of $154,000 will support the expansion of the Papagaios de Altitude Reserve in the Atlantic Rainforest of Brazil, one of the world’s most threatened biodiversity hotspots.
Three of Chubb’s largest office buildings in the U.S. have been awarded LEED® (Leadership in Energy & Environmental Design) certifications for achievement in environmental performance and sustainability. The Chubb building in Philadelphia, located at 436 Walnut Street, was recertified LEED Platinum, the highest level of recognition. Additionally, in Whitehouse Station, N.J., the company’s twin office buildings, located at 202 Halls Mill Road, achieved LEED Gold certifications for the first time.
Chubb has pledged to sponsor the planting of 33,000 trees in 2020 as part of the American Forests American ReLeaf program. Chubb began supporting the cause in 2008, and this pledge represents one tree for each new environmental insurance policy written globally throughout 2019. In our 13 years of support, we have planted more than 200,000 trees through our partnership with American Forests.