We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
Chubb is a member of the US Chamber of Commerce
InfluenceMap Data Point on Corporate - Influencer Relationship
Chubb is a member of the Chamber's US-Korea Business Council.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
Chubb is a member of the Chamber's US-UK Business Council.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
Chubb is a member of the US Chamber of Commerce
InfluenceMap Data Point on Corporate - Influencer Relationship
Chubb is a member of the Chamber's US-Korea Business Council.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
Chubb is a member of the Chamber's US-UK Business Council.
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Chubb European Group SE and Federal Insurance Company are members of the ABI
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Chubb European Group SE and Federal Insurance Company are members of the ABI
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Chubb appears to have had limited engagement on sustainable finance regulation.
Top-line Messaging on Sustainable Finance Policy: In its 2021 Climate-Related Disclosure and Environmental Report, Chubb stated support for a global transition to net-zero by 2050. In his 2021 letter to Shareholders, Chubb CEO Evan G. Greenberg stated the risks climate change poses to the insurance sector. In its climate change policy, accessed in February 2023, Chubb cautioned against policy that would limit "the financial service sector's involvement in fossil fuel activity".
Position on Regulated Corporate ESG Disclosure: In its 2021 CDP response, Chubb stated it supports US state-level climate-related insurance disclosure, with minor exceptions.
Transparency: Chubb does not appear to have disclosed any sustainable finance policy positions on its website. Chubb has disclosed memberships to US industry associations with no further detail of their sustainable finance positions or alignment. Chubb does not appear to have disclosed memberships outside the US.