In 2025, we made significant progress
against our climate transition plan. From
September 2024 to September 2025, we
engaged with 77 large insurance customers,
exceeding our initial target of 65
engagements within the first year of
publication of our plan. Meanwhile, in our role
as investor, we invested more than USD 12
billion in climate solutions and generated over
USD 2 billion in revenue from sustainable
offerings. Compared with our 2019 baseline,
we reduced our operational emissions by 69
percent, overachieving on our interim target of
60 percent reduction by 2025.
The development of new energy sources, the
construction of power plants and factories to
cater for them, and their technological
advancement, offer opportunities for us to
innovate with insurance solutions. In 2025, we
continued to provide customers with
products and advisory services that cover a
broad range of risks including renewable
energy, green buildings, and climate-resilient
infrastructure. In doing so, we support the
transition of the real-world economy to
innovate new technologies and to reduce
climate risks.
Another key priority of the climate transition
plan is to help our customers be more resilient
by helping to prevent risks before they
materialize. As the focus shifts from building
back better after disasters to building better
before they strike, we work with customers to
minimize the impact of natural hazards on
their operations. In 2025, we further
integrated resilience insights into our
insurance business and continued to grow
Zurich Resilience Solutions (ZRS), our
specialized risk advisory business.
More widely, Zurich is also partnering with
local governments and NGOs in communities
around the world to build resilience against
extreme weather events. We are supporting
vulnerable communities through two Z Zurich
Foundation programs: the Zurich Climate
Resilience Alliance in 15 countries and the
Urban Climate Resilience Program in 13
cities.
Innovation is key to our strategy. We are
partnering with startups, universities, and
technology leaders to develop new solutions
– from parametric insurance for climate
events to data-driven tools for sustainability
reporting. We are also pioneering new ways to
measure and report on climate risks.
Our own transition is dependent on the
transition of the real-world economy and an
effective public policy framework. Through
active engagement at COP30, New York
Climate Week, and London Climate Action
Week, and the publication of the
Safeguarding our Energy Future white paper,
we shaped and advocated for policies that
can help achieve a just, resilient and
economically successful transition.
To achieve our aims, we need the best people
in the market equipped with the right skills. In
2025, we continued to build the talent
pipeline in our global energy underwriting
business. Attracting, developing and retaining
talent in our core business will become even
more important in the future. We continue to
focus on long-term employability, fostering a
culture of training and knowledge sharing.
Supporting a successful transition and
building societal resilience offers the
prospect of a stronger, more prosperous
future that will ultimately benefit our
customers, the companies we invest in, and
our own business.
Mario Greco
Group Chief Executive Officer
