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

John Brazier
Author spotlight

John Brazier

Editor at COVER

View profile
More from John Brazier

Net Zero Insurance Alliance: As members jump ship, what could it mean for the future of ESG?

More on Investment

Data centres: How UK climate and water risks pose challenges for AI investors
Investment

Data centres: How UK climate and water risks pose challenges for AI investors

Energy-hungry and water-thirsty data centres pose risks for investors, with the build-out coinciding with a changing climate and rising demands in a more resource-scarce future

Jack Roach, Investment Week
clock 17 September 2026 • 5 min read
Carbon intensity of global equity emissions fell by a third over past decade
Investment

Carbon intensity of global equity emissions fell by a third over past decade

London Stock Exchange Group study reveals corporate climate targets have become widespread, but overall emissions are still yet to fall

James Murray
James Murray
clock 17 September 2026 • 3 min read
Majority of global investors say UK outperforms on renewables and clean tech
Investment

Majority of global investors say UK outperforms on renewables and clean tech

Latest EY clean tech investor survey finds the UK remains an attractive destination for international investors

Stuart Stone
Stuart Stone
clock 16 September 2026 • 3 min read