The Hartford To Invest $2.5 Billion Over Five Years To Support Energy Transition

Company

Location

About

The company also became a signatory of the United Nations Global Compact, joining organizations worldwide to implement universal sustainability principles that advance societal goals.“As a 211-year-old insurer and asset manager, we view the transition to a greener society as a business imperative, and we are doing our part,” said The Hartford’s Chairman and CEO Christopher Swift. As part of the new climate priorities, the company anticipates exiting all tar-sands investments by Dec. 31, 2021, two years before the commitment announced in The Hartford’s coal-and-tar-sands policy released in December 2019. Additionally, the company will continue to reduce select1 Greenhouse Gas Emissions (GHGe), in order to achieve a previously stated goal to reduce GHGe by at least 2.1% each year for a total reduction of 46.2% by 2037 compared with the baseline year of 2015. The company first formalized a climate change statement in 2007 and has adapted the statement to align with the fifth Assessment of the Intergovernmental Panel on Climate Change (IPCC). The company published its first Task Force on Climate Related Financial Disclosure (TCFD) report in 2020 and its first Sustainability Accounting Standards Board (SASB) report in 2021.