Global insurance provider Zurich Insurance Group announced today a new initiative aimed at decarbonizing its supply chain, by providing suppliers with tools and resources to help measure address their own carbon emissions. The new initiative follows the announcement last year by Zurich of a goal for suppliers responsible for 75% of its roughly $2 billion of procurement spend to have science-based emissions reduction targets by 2025 and net-zero targets by 2030, alongside an acceleration of Zurich’s own operational net zero target to 2030 from its prior 2050 goal.

Source: ESGToday