NEW YORK-- Sep 4, 2014--(BUSINESS WIRE)--ACE Group announced today a new companywide goal to reduce greenhouse gas (GHG) emissions by 10% per employee from 2012 to 2020. The commitment follows the successful achievement of the company’s first emissions reduction goal, which was 8% per employee from 2006 to 2012. Since 2006, the company’s GHG emissions have been reduced nearly 22% per employee.
“ACE’s new emissions reduction goal reflects the company’s ongoing commitment to minimize its carbon footprint and control its environmental impact, even as we continue to expand our capabilities and presence around the globe,” said Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited. “We look forward to building on the substantial progress we have made since launching our environmental program eight years ago.”
To achieve its new goal, ACE will continue to deploy the approaches it has used successfully to date, including installing energy-efficient lighting and equipment and more efficient use of office space. ACE also plans to continue to invest in and implement energy audits and efficiency improvements within the company’s owned and long-term leased spaces.
ACE reports its GHG data, along with an analysis of related climate change risks and opportunities, each year through CDP, an independent, not-for-profit organization that gathers and scores primary corporate carbon emissions information from thousands of businesses around the world. In 2013, ACE was named — for the second consecutive year — to the CDP’s Global 500 Climate Performance Leadership Index as well as to its S&P 500 Climate Performance Leadership Index. ACE was the only insurance company named to both indexes.
ACE’s GHG emissions reduction initiative began in 2007 when the company joined the U.S. Environmental Protection Agency’s (EPA) Climate Leaders program. ACE used the program’s rigorous methodology to complete its 2006 base-year GHG inventory and, based on that data, publicly announced its original goal. While EPA phased out the Climate Leaders program, ACE has continued to track and report on its global GHG emissions annually.
ACE’s commitment to reduce carbon emissions from its own operations is one component of the company’s overall environmental program. One of the largest and most advanced global underwriters of environmental liabilities and pollution risks, ACE is also committed to developing innovative insurance products and risk management services that facilitate market-based solutions to current and pending environmental and climate-related issues. The third component of ACE’s environmental program is to promote a healthy and sustainable environment through corporate philanthropy.
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.