ESG at Talbot
As part of the AIG Group we are aligned with its ESG approach and strategy which is built on four foundational pillars:
- Community Resilience;
- Financial Security;
- Sustainable Operations;
- Sustainable Investing.
On 01 March 2022 AIG publicly announced its commitment to Net Zero Greenhouse Gas (“GHG”) emissions across its underwriting and investment portfolios by 2050 – specifically:
- Committed to reach Net Zero GHG emissions across its underwriting and investments portfolios by 2050, or sooner;
- Reaffirmed last year’s operational Net Zero commitment by 2050, or sooner;
- Committed to 100 percent Renewable Energy for AIG’s operations by 2030, or sooner;
- Committed to using science-based emissions reduction targets, aligning with the latest climate science to meet the goals of the Paris Agreement;
- With immediate effect, committed to no longer invest in or provide insurance for construction of any new coal-fired power plants, thermal coal mines or oil sands;
- With immediate effect, committed to no longer invest in or underwrite new operation insurance risks of coal-fired power plants, thermal coal mines or oil sands for those clients that derive 30 percent or more of their revenues from these industries, or generate more than 30 percent of their energy production from coal;
- Committed to phasing out the underwriting of all existing operation insurance risks and ceasing new investments in those clients that derive 30 percent or more of their revenues from coal-fired power, thermal coal mines or oil sands, or generate more than 30 percent of their energy production from coal by Jan. 1, 2030, or sooner; and
- With immediate effect, committed to not investing in or providing insurance cover for any new Arctic energy exploration activities.