American International Group Inc. said it would commit to overhauling its underwriting and investment portfolios so they produce net-zero greenhouse gas emissions by 2050 as insurers move away from fossil fuels.
“AIG is focused on the realities of climate change,” Chief Executive Officer Peter Zaffino said in a statement Tuesday. “The data about climate change is unambiguous, and we believe that AIG can be a catalyst for positive change as it relates to sustainability advancements and renewable-energy expansion.”
