Helvetia is committed to mitigating climate change and has defined a climate strategy

Helvetia Holding AG / Key word(s): Sustainability Helvetia is committed to mitigating climate change and has defined a climate strategy 30.06.2023 / 07:00 CET/CEST Media release St. Gallen, 30 June 2023

Helvetia is specifying its goals in terms of mitigating climate change. The measures that have been decided include firstly the ongoing implementation of CO₂-reduction measures in the company's own business activities with the aim of reaching net zero by 2040. Secondly, Helvetia has defined an exit strategy for coal-related business activities and other exclusion criteria for business transactions related to oil and gas. Thirdly, the insurance group is setting a net-zero target for indirect emissions from the investment and insurance business by 2050. Helvetia is there when it matters – today and tomorrow. The insurance group thus sees itself as a supporter of the transition to a low-CO₂ economy and aims to seize business opportunities in the energy transition.   

Based on its sustainability strategy 20.25, Helvetia has drawn up a climate strategy with long-term goals and specific measures, which it is now implementing systematically. The measures comprise its own CO₂ emissions, the insurance business and the investment business. In parallel to implementation, Helvetia is continuously developing its climate strategy with interim targets and detailed implementation plans.

Net-zero target for business activities by 2040 
Calculated in terms of its workforce, Helvetia has reduced its CO₂ emissions by 48% since 2012 and since 2018 has qualified as a carbon-neutral company. The insurance company is stepping up the measures it has already launched and is committed to achieving its net-zero target by 2040 for its group-wide activities. This means that by then, all avoidable greenhouse gas emissions will be reduced and the remaining ones will be completely removed from the Earth's atmosphere by means of offset measures. The reduction focuses on emissions from buildings (heat), business travel and the use of electricity.