Scor has committed to put an end to the reinsurance of coal-fired power plants. This decision, taken during the last general meeting, confirms the efforts made by the French reinsurer to protect the environment.
Since 2017, Scor has stopped investing in companies whose 30% of revenues emanate from thermal coal.
As for Axa, the company has reaffirmed its divestment policy adopted in 2017 to divest from carbon-intensive energy producers and no longer underwrite coal-fired power plant construction projects nor oil sands and associated pipelines extraction companies. These decisions were taken a few days after Hannover Re has introduced restrictions on new coal mining and power plant projects.
Swiss Re and Munich Re had applied similar dispositions in 2018.
Read also | SCOR is committed to the environment [4]