Zurich Insurance Group is bringing forward its target to achieve net-zero emissions in its operations by 20 years.

It now aims to reach the goal by 2030, after implementing plans announced last year to achieve deep cuts in absolute emissions this decade. After that, emissions that cannot be avoided will be removed from the atmosphere.

Zurich has signed carbon removal agreements with several suppliers of nature-based solutions, where it can have the biggest impact on the development of the carbon removal industry. It has made advance payments that will help these suppliers further develop, scale and commercialise their early stage and innovative technologies.

The chosen carbon removal suppliers are InterEarth from Australia, Bio Restorative Ideas from Puerto Rico and Oregon Biochar Solutions from the US. Zurich’s participation in these projects, facilitated through carbon removal marketplace Puro.earth, is instrumental for the projects to start and expand their operations.

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