Zurich Insurance to Double Investment in Green Bonds
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Zurich Insurance Group AG, Switzerland’s largest insurer, doubled its planned investment in green bonds, citing their growing appeal in Europe.
The company said in November that it wanted to invest as much as $1 billion in debt issued by the World Bank and other development institutions to fund projects that meet environmental criteria. It now plans to allocate as much as $2 billion for green bonds, the Zurich-based insurer said in an e-mailed statement today.