While to date Zurich Life has not adopted a broad-based exclusionary approach to investments there are certain situations where we believe exclusion criteria are justified. The exclusion criteria cover activities that are irreconcilable with Zurich’s values, sustainability strategy and reputational risk. The exclusion criteria cover activities in thermal coal, oil sands and oil shale. Zurich has also engaged in divestment from investee companies that derive greater than 30% of their revenues from mining thermal coal or generate more than 30% of their electricity from coal. The criteria also exclude investment in companies which produce, stockpile, distribute, market, or sell banned cluster munitions or anti-personnel landmines.

Excluding coal from Zurich business

  • Zurich supports Paris accord on combatting global warming
  • Carbon not priced sufficiently to discourage the use of coal
  • Facilitate and accelerate the move to a low carbon economy

2018 Selectively exclude coal related companies from Group underwriting and investing activities

2019 Extend coal exclusions to policyholder funds

Zurich Life Assurance Plc (Zurich Life) is part of the Zurich Group (Zurich) and as such benefits directly from the expertise, information and resources that the Zurich Group has in the area of sustainability and responsible investment. Zurich Life incorporates much of this into the management of its own assets. Zurich Life also participates in Zurich Group-led initiatives which are directly applicable to Zurich Life’s sustainability and responsible investment-related work. As such, the references to Zurich Life in the text above reflect those activities are carried out directly by Zurich Life Assurance Plc in Ireland.