From the world’s communities to our customers, employees and shareholders, climate change affects everyone. Living up to our environmental responsibilities is therefore important to ACE and we appreciate how our work can help protect everyone from the consequences of climate change.

The risks posed by climate change are serious issues for the insurance industry, as it is our business to provide security from the worst of its effects, including hurricanes, windstorms, flooding and drought. We also recognise that this growing exposure to weather related risks may drive insurance costs higher. So it is vital that ACE acts internally and externally on making a positive difference to the environment.

Putting our words into action

In June 2007 ACE began participating in the US Environmental Protection Agency’s Climate Leader Programme, pledging its commitment to reducing corporate greenhouse gas emissions.

In Europe we have mirrored the US pledge though our position as a founding signatory of the ClimateWise initiative: a group of leading insurers dedicated to acting on climate change and reporting publicly on performance.

While ACE European Group’s environmental impact is relatively small we are doing all we can to reduce if further throughout our offices. In the UK for example, ACE is reducing waste produced in its offices and upgrading boilers to improve energy efficiency.