{"id":33407,"date":"2023-04-03T13:08:10","date_gmt":"2023-04-03T12:08:10","guid":{"rendered":"https:\/\/campax.org\/?p=33407"},"modified":"2024-03-19T10:20:38","modified_gmt":"2024-03-19T09:20:38","slug":"zurich-gv-23-en","status":"publish","type":"post","link":"https:\/\/campax.org\/de\/zurich-gv-23-en\/","title":{"rendered":"Zurich GV 23 EN"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"33407\" class=\"elementor elementor-33407\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-366a95e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"366a95e7\" data-element_type=\"section\" id=\"page-title\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1fc7aa19\" data-id=\"1fc7aa19\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-45c7e683 elementor-widget elementor-widget-heading\" data-id=\"45c7e683\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Zurich Insurance: From pioneer to laggard<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-433b5da0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"433b5da0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-266e5cbe\" data-id=\"266e5cbe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3729cb83 elementor-widget elementor-widget-post-info\" data-id=\"3729cb83\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-d3946a9\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/campax.org\/de\/author\/nora\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-user-circle\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tNora Scheel\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51a67efb elementor-widget elementor-widget-spacer\" data-id=\"51a67efb\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6984aa55\" data-id=\"6984aa55\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-582234c2 elementor-widget elementor-widget-post-info\" data-id=\"582234c2\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-98b305e\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/campax.org\/de\/2023\/04\/03\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>April 3, 2023<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1055ed9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1055ed9d\" data-element_type=\"section\" id=\"article-lead\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22764028\" data-id=\"22764028\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2bc07329 elementor-widget elementor-widget-text-editor\" data-id=\"2bc07329\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Zurich is still insuring oil and gas expansion. In doing so, it is lagging behind its European competitors and contradicting its commitment to a credible 1.5\u00b0C pathway and the Paris Climate Agreement.<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cbf556d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cbf556d\" data-element_type=\"section\" id=\"article-content\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4fea7f8f\" data-id=\"4fea7f8f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-511bca elementor-widget elementor-widget-text-editor\" data-id=\"511bca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Zurich Insurance already committed in 2015 to bringing its business in line with the Paris Climate Agreement. In 2017, it became the second insurer after AXA to introduce exclusion criteria for coal industry insurance.\u00a0<\/p><p>\u00a0<\/p><p>However, it has since lost this leading role. In the oil and gas sector, it is not a pioneer but brings up the rear. It is particularly serious that it still insures the <b>expansion of oil and gas production<\/b> almost without restriction.<\/p><p>\u00a0<\/p><p>This is <b>at odds with climate science<\/b>: Both the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) clearly state that fossil energy production must not be expanded any further. Insurance has a central role in this: without insurance, no new oil well, pipeline or refinery can be built and operated.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b44e966\" data-id=\"b44e966\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d73ba8d elementor-widget elementor-widget-image\" data-id=\"6d73ba8d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"514\" data-src=\"https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/52342864771_759b28ed32_k-min-768x514.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33491 lazyload\" alt=\"Eine Campax-Aktivistin beim Flyern vor der Zurich Versicherung\" data-srcset=\"https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/52342864771_759b28ed32_k-min-768x514.jpg 768w, https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/52342864771_759b28ed32_k-min-300x201.jpg 300w, https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/52342864771_759b28ed32_k-min.jpg 1000w\" data-sizes=\"(max-width: 768px) 100vw, 768px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 768px; --smush-placeholder-aspect-ratio: 768\/514;\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">A Campax-Activist distributing flyers in front of a Zurich agency. <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5511f24 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5511f24\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8ffb6fa\" data-id=\"8ffb6fa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0217341 elementor-widget elementor-widget-heading\" data-id=\"0217341\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-medium\">Grade: insufficient<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32f1f20 elementor-widget elementor-widget-text-editor\" data-id=\"32f1f20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Zurich&#8217;s oil and gas policies are so weak that they receive<b> a score of 1.4 out of 10<\/b> from the Insurance Scorecard report. In addition, they ranked a very poor 10th out of 12 policies examined by European insurers.&nbsp;<\/p>\n<p><\/p>\n<p>Zurich&#8217;s refusal has serious consequences for the climate: The company is <b>one of the largest insurers of oil and gas<\/b> and thus significantly supports the further expansion of fossil energy production. According to data from &#8222;Insureamore,&#8220; commissioned by the Insure Our Future campaign, they are the world&#8217;s No. 6 insurer in this business.<\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-538b1046 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"538b1046\" data-element_type=\"section\" id=\"pic-gallery-small-2cols\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1467df82\" data-id=\"1467df82\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14b3805 elementor-widget elementor-widget-heading\" data-id=\"14b3805\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Bad excuses<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43a81247 elementor-widget elementor-widget-text-editor\" data-id=\"43a81247\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In our direct discussions with the insurance company, they invoke that the <b>emission reduction of their entire portfolio<\/b> is more important to them than exclusion criteria; and they want to focus on accompanying their customers in the oil and gas sector in the transformation (so-called &#8222;<b>engagement<\/b>&#8222;). However, the former only works if the reduction targets are sufficiently ambitious, which is currently not the case. They have started &#8222;engagement&#8220; with their customers far too late and have not yet set clear targets. However, without clear requirements for customers as well as targets, engagement is toothless. Moreover, the experience of recent years has shown that it is ilusory to believe that oil and gas companies will transform: They continue to make only a minimal portion of their revenue from renewables &#8211; if any.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-39b0f814\" data-id=\"39b0f814\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b944308 elementor-widget elementor-widget-image\" data-id=\"b944308\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"533\" data-src=\"https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/51982530472_1974e31da1_k-min.jpg\" class=\"attachment-large size-large wp-image-33488 lazyload\" alt=\"Zurich Insurance - Stop insuring oil &amp; gas project - Aktion mit Banner auf dem Z\u00fcrichsee zur Generalversammlung 2022\" data-srcset=\"https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/51982530472_1974e31da1_k-min.jpg 1000w, https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/51982530472_1974e31da1_k-min-300x200.jpg 300w, https:\/\/campax.org\/wp-content\/uploads\/2023\/04\/51982530472_1974e31da1_k-min-768x511.jpg 768w\" data-sizes=\"(max-width: 800px) 100vw, 800px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 800px; --smush-placeholder-aspect-ratio: 800\/533;\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Action of a special kind: Campax ships a large banner to Zurich's headquarters near Enge harbor. <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b861969 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b861969\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-351a47b\" data-id=\"351a47b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bc92ed elementor-widget elementor-widget-text-editor\" data-id=\"3bc92ed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Moreover, both emissions reduction and commitment are <b>not substitutes for exclusion criteria<\/b> that ensure, as a minimum requirement, that the expansion of fossil energy production is not supported.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8cdd06b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8cdd06b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8cb5c62\" data-id=\"8cb5c62\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76f1cae elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"76f1cae\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-640dc4e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"640dc4e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6df50ab\" data-id=\"6df50ab\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab335d4 elementor-widget elementor-widget-heading\" data-id=\"ab335d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-medium\">Zurich's policies in detail<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a4a7b elementor-widget elementor-widget-text-editor\" data-id=\"9a4a7b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Zurich does not insure coal, oil sands, oil shale and Arctic oil and gas. It has also announced that it will phase out of coal and will no longer insure greenfield oil exploration projects (the term greenfield is used in the industry to refer to undeveloped oil fields). However, it does allow exceptions to the latter two criteria<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; font-weight: var( --e-global-typography-text-font-weight );\">.<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">\u00a0<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">In detail:\u00a0<\/span><\/p><p>Zurich will not underwrite or invest in companies that:<\/p><ul><li>generate more than 30% of their revenue from mining thermal coal, or produce more than 20 million tons of thermal coal per year;<\/li><li>generate more than 30% of their electricity from coal;<\/li><li>are in the process of developing any new coal mining or coal power infrastructure;<\/li><li>generate at least 30% of their revenue directly from the extraction of oil from oil sands;<\/li><li>are purpose-built (or \u201cdedicated\u201d) transportation infrastructure operators for thermal coal or oil sands products, including pipelines and railway transportation;<\/li><li>generate more than 30% of their revenue from mining oil shale, or generate more than 30% of their electricity from oil shale.<\/li><\/ul><p>\u00a0<\/p><p>Specifically for insurance, Zurich also excludes the following from its underwriting activities:<\/p><ul><li>New greenfield oil exploration projects (unless meaningful transition plans are in place);<\/li><li>Oil and gas drilling and production in the Arctic (considered as anything north of 66 degrees latitude with the exception of the Norwegian Continental Shelf). <span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; font-weight: var( --e-global-typography-text-font-weight );\">\u00a0<\/span><\/li><\/ul><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; font-weight: var( --e-global-typography-text-font-weight );\">\u00a0<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; font-weight: var( --e-global-typography-text-font-weight );\">See\u00a0<\/span><a href=\"https:\/\/www.zurich.com\/sustainability\/strategy-and-governance\/sustainability-risk\" target=\"_blank\" rel=\"noopener\">https:\/\/www.zurich.com\/sustainability\/strategy-and-governance\/sustainability-risk<\/a>.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Zurich Insurance: From pioneer to laggard Zurich is still insuring oil and gas expansion. In doing so, it is lagging behind its European competitors and contradicting its commitment to a credible 1.5\u00b0C pathway and the Paris Climate Agreement. Zurich Insurance already committed in 2015 to bringing its business in line with the Paris Climate Agreement. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88],"tags":[],"class_list":["post-33407","post","type-post","status-publish","format-standard","hentry","category-do-not-show"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-23 21:07:45","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/posts\/33407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/comments?post=33407"}],"version-history":[{"count":0,"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/posts\/33407\/revisions"}],"wp:attachment":[{"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/media?parent=33407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/categories?post=33407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/campax.org\/de\/wp-json\/wp\/v2\/tags?post=33407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}