Page 16 - Turkinsurance Digital Magazine

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The company also established a long-term goal to reduce abso- In July we also adopted a new policy concerning coal-related
lute GHG emissions 40% by 2035. Both goals use 2016 emis- underwriting and investment. With the new policy, Chubb will no
sions levels as the baseline. longer underwrite the construction and operation of new coal-
fired plants or new risks for companies that generate more than
Goals are aligned with the two-degree Celsius target outlined 30% of their revenues from coal mining or energy production
in the Paris Climate Agreement, as well as the quantitatively from coal. Insurance coverage for existing coal-plant risks that
supported science-based standards methodology of the United exceed this threshold will be phased out by 2022, and for utilities
Nations Environmental Program. The company will continue beginning in 2022. In addition, Chubb will not make new debt or
to deploy successful approaches for GHG emissions reduction, equity investments in companies that generate more than 30%
including installing energy efficient lighting and equipment and of revenues from thermal coal mining or energy production from
more efficient use of office space. coal.

Do you provide insurance solutions related to environment What are your target sectors for pollution liability?
and climate issues?
Any kind of business can be impacted by environmental liabilities.
As a global insurance company, assessing risk is a core com- We offer a broad range of protection for environmental risks.
petency and strength for Chubb. We are a leader in developing Regardless of size or industry sector, companies can benefit from
insurance products and risk management services that facilitate a wide range of Chubb’s tailored pollution liability coverages to
market-based solutions to environmental and climate-related is- help manage future, potentially unforeseen exposures. Whether
sues. you are a contractor, consultant, facility owner or manager, envi-
ronmental insurance and services can help your business mitigate
Our environmental and sustainability focused services consist of and safeguard against pollution related risks.
property and casualty products. The property products include re-
newable energy policies, like power production property insurance Even the most seemingly benign businesses may carry the risk of
and renewable energy construction insurance. producing, storing or emitting hazardous waste materials - like
agriculture, accommodation & food services, airports and ports,
By providing insurance solutions for renewable energy production hotels, construction, pharmaceuticals, industrial manufacturing,
facilities like solar, wind, geothermal and hydroelectric power real estate, renewable energy, electric, gas and water supply, re-
plants, we help to reduce carbon emissions and to mitigate climate tail, transportation…
change which also contributes to reduce our carbon footprint.
Rabia Kübra Kanun / kubrac@bestyayincilik.com