Baloise becomes partner of Swiss Climate Foundation

Written by Adam Cadle

02/07/2021

Baloise has become a partner of the Swiss Climate Foundation.

The Swiss insurer will be investing the annual net amount from its CO2 levy redistribution in the foundation, which uses these funds to support SMEs in Switzerland and Liechtenstein that develop innovative climate solutions or improve their energy efficiency.

Established in 2008, the Swiss Climate Foundation is a voluntary initiative by business for business.

Michael Müller, CEO of Baloise in Switzerland, said: “I am delighted about this partnership, especially as it is an initiative by business for business. By pooling the resources of its corporate partners, the Swiss Climate Foundation is able to promote specific climate protection measures in a way that is efficient, focused and forward-looking. This approach is perfectly suited to our own sustainability strategy, and above all to our commitment to combating climate change.”

Since it was established, the foundation has awarded a total of 31m francs to climate protection projects by more than 2,100 Swiss and Liechtenstein SMEs. A large part of the funding flows into the development of innovative technologies, in areas such as buildings, agriculture and the circular economy. Further, by supporting energy-saving measures, 550,000 tons of CO2 have been saved directly.

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