The Carbon Disclosure Project (CDP) honoured Helvetia Group with the Best Improver Award at its annual conference. The prize recognizes the transparency of Helvetia's climate reporting.
Helvetia Group raised its disclosure score to 82 points – an increase of 45 points within one short year. The improvement was announced in the 2013 CDP Report for Germany, Austria and Switzerland. Climate Disclosure Scoring grades the completeness of corporate climate reports. It also reflects transparency in climate change issues. The average score for all surveyed companies was 63.
350 companies were surveyed in German-speaking countries, including 65 in Switzerland. CDP, an international non-profit organization, bases its rankings on data and information on CO2 emissions, climate risks and corporate reduction targets and strategies.
Helvetia has been participating in the annual CDP survey since the 2008 reporting year. It attributes the huge improvement in the 2012 reporting year to several factors. First, the insurance carrier conducted the first-ever inventory of all relevant emission sources along its value chain. In addition, the Group has a range of insurance products for climate-friendly technologies, applies environmental criteria to its real estate investments and integrates climate aspects into its risk management and corporate strategy.
Stefan Loacker, CEO of Helvetia Group, is thrilled about the award. “It confirms that we are on the right track in combating climate change.” Helvetia Group will remain focused on improving its environmental management even more based on firm, realistic climate protection goals.