• 22-MAR-2012

  • SOURCE: Zurich

Zurich Invests USD 100 Million into The Z Zurich Foundation and Provides Further Evidence For The Increasing Social and Economic Role of Insurance

Zurich Financial Services Group (Zurich) reinforces its long term commitment to generate positive economic, social and environmental impacts, and has made a substantial strategic investment in the amount of USD 100 million into the Z Zurich Foundation, as already included in the annual results 2011. The Z Zurich Foundation combines financial investments with Zurich's insurance and risk management expertise to generate a meaningful impact on pressing societal challenges that cannot be solved quickly. Community investment is an important part within Zurich's broader corporate responsibility strategy and reflects the company's commitment to invest in the sustainable development of the communities in which Zurich operates. The Z Zurich Foundation invests in select strategic long-term partnerships addressing well-defined focus areas related to key societal issues, notably sustainable disaster management and sustainable economic development in emerging markets. Current partnerships include the International Federation of Red Cross/Red Crescent Societies, Practical Action and the Rainforest Alliance.