ACE Group has announced a new goal to reduce greenhouse gas (GHG) emissions by 10 percent per employee from 2012 to 2020.
The commitment is followed by the achievement of company’s first emissions reduction goal, which was 8 percent per employee from 2006 to 2012.
Since 2006, the company’s GHG emissions have been reduced nearly 22 percent per employee.
ACE’s new emissions reduction goal reflects the ongoing commitment to minimize carbon footprint and control environmental impact, even as the company continues to expand capabilities and presence around the globe, said, Evan G. Greenberg, chairman, Chief Executive Officer, ACE.
To achieve its new goal, ACE will continue to deploy the approaches it has usedto 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.
In 2013, ACE was named 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 reduction initiative began in 2007 when the company joined the U.S. Environmental Protection Agency’s (EPA) Climate Leaders program.
ACE, with the help of the program targeted its 2006 base-year GHG inventory and based on that data 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.
ACE is also committed to developing insurance products and risk management services that facilitate market-based solutions to environmental and climate-related issues.
The third component is to promote a healthy and sustainable environment through corporate philanthropy.