Zurich Insurance

InfluenceMap Score
D+
Performance Band
62%
Organisation Score
37%
Relationship Score
Sector:
Financials
Head​quarters:
Zurich, Switzerland
Official Web Site:
Wikipedia:

Sustainable Finance Lobbying Overview: Zurich appears to have some broadly positive but limited engagement on sustainable finance policy.

Top-line Messaging on Sustainable Finance Policy: Zurich has stated support for urgent action by the insurance sector on climate change and achieving net-zero economies by 2050. It has also stated broad support for the EU's Sustainable Finance Action Plan in its 2020 CDP response.

Position on Regulated Corporate ESG Disclosure: In its 2021 Climate Report, Zurich stated support for regulated corporate ESG disclosure and was supportive of the ISSB Climate and Sustainability Disclosure draft in 2022. In response to DWP in 2020 it stated broad support for mandatory TCFD implementation for pension schemes, although argued for a delayed timeline and less prescriptive disclosure requirements.

Position on Taxonomies: In its 2021 Climate Report, Zurich stated support for the development of science-based taxonomies.

Position on ESG Labels, Standards and Benchmarks: In response to the Commission in 2020, Zurich supported the inclusion of ESG factors in retail clients' preferences and products, as well as verification of the EU Green Bond Standard. However, it did not support the Commission's suggestions for a number of new ESG labels and standards.

Position on Integrating ESG into Investor Duties: In a 2018 response to a DWP consultation, Zurich appeared to oppose engaging with pension scheme members on ESG preferences.

Industry Association Governance: Zurich has not disclosed any engagement through trade associations. Zurich has memberships to numerous industry associations that are engaging negatively on sustainable finance policy, including the American Council of Life Insurers (ACLI), the American Property Casualty Insurance Association (APCIA) and the US Chamber of Commerce, as well as industry associations with more mixed engagement including Insurance Europe.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
41%
 
41%
 
47%
 
47%
 
34%
 
34%
 
11%
 
11%
 
49%
 
49%
 
30%
 
30%
 
48%
 
48%
 
71%
 
71%
 
42%
 
42%

How to Read our Relationship Score Map

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.