Rothesay has signed a 10-year carbon dioxide removal agreement with Climeworks.
The agreement will remove Rothesay’s expected residual emissions for this entire decade, making the insurer’s own operations over the next ten years net-zero by 2030.
“As part of Our Pathway to Net-Zero, we have conducted rigorous due diligence on our carbon removal options and have chosen Climeworks because its ground-breaking technology allows us to measurably neutralise the environmental impact of our operations,” Rothesay’s head of investment strategy and chair of its Climate Change Working Group David Land said.
“Like Rothesay, Climeworks is an innovative, purpose-built company that is delivering highly effective solutions for its clients, and we look forward to a long-term partnership.”