AIG, Inc. | Council for Inclusive Capitalism

AIG is a leading global insurance organization. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in approximately 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Purpose

What unites us across all of our offerings is our commitment to helping individuals, businesses, and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Peter Zaffino

Chairman & Chief Executive Officer, AIG, Inc.

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

AIG has committed to reach Net Zero GHG emissions across its underwriting and investments portfolios by 2050, or sooner:

Activities & Initiatives

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.

Measures & Targets

AIG, Inc. will measure progress by reaching net zero emissions across its underwriting and investments portfolio by 2050.

Summary

AIG is committed to achieving net-zero carbon emissions operationally by 2050. AIG established a net-zero working group to develop a roadmap to identify emissions reduction initiatives across the organization, and establish interim reduction targets.

Activities & Initiatives

Minimize AIG’s carbon footprint by focusing on reducing emissions within its own operations.

Measures & Targets

Achieve net-zero emissions within AIG’s operations by 2050. AIG has established a net-zero working group to develop a roadmap to identify emissions reduction initiatives across the organization, and establish interim reduction targets.

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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.