Boston, May 16, 2025 – Chubb’s* investors voted Thursday on a Green Century° shareholder proposal calling for the company to disclose the climate emissions associated with its investing, underwriting and insuring activities. 13.9% of shareholders cast their votes in favor of the proposal. Chubb is one of the largest publicly traded property and casualty insurers, operating in 55 countries across the globe.
“Investors deserve to know how Chubb’s emissions are driving the climate risks disrupting its business,” said Leslie Samuelrich, president of Green Century Funds. “It’s absurd for Chubb to underwrite activities that cause climate change and then turn around and pay for the claims and payouts caused by these activities.”
As climate change intensifies, insurers are increasingly on the hook after more frequent and severe natural disasters. At the same time, many continue to insure fossil fuel projects that exacerbate the losses from those events. Many major insurance companies such as Allianz and Swiss Re* have begun disclosing the emissions associated with their fossil fuel clients, increasing transparency on their role in intensifying the climate crisis.
Chubb insures climate risks
Last year’s wildfires in Los Angeles and destructive hurricane season in the Atlantic have sparked concern about a climate-driven insurance crisis. 2023 had the most billion-dollar climate-related disasters in one year. Insurance companies are increasingly unable to withstand growing losses without raising prices or reducing coverage in high-risk areas.
Chubb has noticed the impact of climate change on its bottom line. Following an estimated $1.5 billion dollars in losses from the 2024 California fires, Chubb’s Chief Executive Evan Greenberg warned: “The cost of climate change, to state the obvious: Going up.”
“The companies that are supposed to protect us from the consequences of climate change are also fueling its disastrous effects,” said Green Century Shareholder Advocate Giovanna Eichner. “Chubb reporting the emissions from its underwriting, investing, and insuring would demonstrate accountability and an intent to reduce its climate impact.”
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About Green Century Funds
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (The Funds). The Green Century Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. Green Century hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.
*As of 3.28.2025, Chubb Ltd. comprised 0.00%, 0.48%, 0.00%; Swiss Re AG comprised 0.00%, 0.00%, 1.12% of Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the Green Century Funds. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.
You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.greencentury.com, email info@greencentury.com, or call 1-800-934-7336. Please read the Prospectus carefully before investing.
An investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
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This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.
The Green Century Funds are distributed by Distribution Services, LLC. 5/25. Distribution Services and Green Century are not affiliated.