German insurer group, Gothaer, has joined the Net-Zero Asset Owner Alliance, and in doing so has committed to making its investment portfolio climate-neutral by 2050.
Gothaer joined UN PRI and the Global Real Estate Sustainability Benchmark in 2020, followed by joining the Principles for Sustainable Insurance (PSI) in 2021.
“Efficient climate protection can only work through long-term goals and joint action,” it said.
“By joining the Net-Zero Asset Owner Alliance, we are living up to our responsibility as a large financial investor and are showing once again that we want to be credibly sustainable. As an insurance company with over 200 years of experience and as a market leader in the insurance of wind turbines, it is our goal to invest our customers' premiums responsibly and sustainably. By joining, we confirm that we are making our contribution to the 1.5 degree target of the Paris climate protection agreement and want to actively support the transformation to a net-zero economy. The ESG team at Gothaer Asset Management AG will be closely involved in the working groups.”