Zurich Resilience Solutions (ZRS), the industrial threat advisory and companies unit of Zurich Insurance Group, has partnered with local weather companies supplier and carbon mission developer South Pole to launch a brand new local weather change-related providing to corporations.
According to Zurich, the joint providing shall be initially obtainable within the US, Germany and Switzerland. It will assist companies deal with each side of the local weather problem on the identical time, by serving to them to outline and execute their short- and long-term local weather resilience targets, in addition to their net-zero objectives. It will deal with measuring bodily local weather threat and emissions, serving to set up a method to scale back every, and overseeing implementation of actions that can meet native regulatory and sustainability reporting necessities.
“Defining and deploying effective climate adaptation and mitigation strategies requires special knowhow and can be extremely complex and time-consuming, even more so for multinationals,” mentioned Hanno Mijer, world head of Zurich Resilience Solutions. “Demand for climate resilience services has grown exponentially in recent years. Collaborating with South Pole will allow us to address climate-related risks holistically by supporting customers on their net-zero journey as well as resilience.”
Zurich mentioned that corporations should intensify their efforts to collectively scale back emissions to efficiently transition to internet zero and mitigate the environmental impacts. At the identical time, corporations have to organize and adapt to the results of world warming and take into account the present and future impacts of local weather change on their enterprise. According to the Climate Disclosure Project, the monetary advantages of local weather motion are no less than 15 occasions increased than the price of dangers.
Companies are additionally more and more understanding that taking local weather motion is just not solely essential to managing their operational dangers, however extra stakeholders predict corporations to transparently show how they’re actively lowering their environmental impression and constructing resilience alongside their worth chain, and, extra importantly, to frequently report on the effectiveness of those measures.
“Companies that fail to demonstrate their progress in building resilience and reducing emissions will likely pay the price both reputationally and financially,” mentioned Renat Heuberger, CEO of South Pole. “But knowing where to start can be difficult. We are pleased to combine South Pole’s best-in-class climate advisory with Zurich Resilience Solutions’ expertise in resilience to steer corporate leaders toward effective mitigation and adaptation efforts – both for commercial success and for climate protection.”