AXA, SCOR and Sompo join exodus from Net Zero Insurance Alliance

John Brazier
clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Latest spate of departures from UN-convened climate initiative follows Swiss Re earlier this week, joining Zurich, Munich Re and Hannover Re on exit list in recent months

The exodus from the Net Zero Insurance Alliance (NZIA) continues, with AXA, reinsurer SCOR and Japan's Sompo Holdings the latest to announce their intention to exit the embattled UN-convened group this...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Net Zero Banking Alliance votes to 'cease operations immediately'

Net Zero Banking Alliance votes to 'cease operations immediately'

Leading banks vote to ditch the climate group's membership model and transition into operating as a 'framework initiative' that provides guidance on decarbonisation and climate risk

Michael Holder
clock 03 October 2025 • 4 min read
More than £10m in water company fines pooled to fund clean up projects

More than £10m in water company fines pooled to fund clean up projects

Over 50 projects to tackle water pollution in rivers, lakes, and seas to access new funding pot

Stuart Stone
clock 03 October 2025 • 3 min read
Railpen publishes updated net zero plan

Railpen publishes updated net zero plan

£34bn pension scheme reveals it has cut portfolio emissions by 41 per cent over the past year

Martin Richmond, Professional Pensions
clock 03 October 2025 • 4 min read