Responsible Underwriting, Sustainability and Climate Change at Liberty Specialty Markets

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow. We recognize the important role that we, along with our industry, have in all aspects of environmental, social and governance issues. We are committed to social good, making environmentally conscious decisions and upholding the highest standards in corporate governance.

 We are committed to being a responsible global citizen with a focus on environmental sustainability, supporting the transition to a low-carbon economy and investing in companies that show proven progress in this evolution. We understand the shift from coal to clean energy is a journey and we recognize the role the insurance industry plays in supporting that evolution for our customers. Environmental sustainability, and the impact of climate change, has been a key focus of ours for some time as we’ve been reducing our own environmental impact and making responsible choices in our underwriting and investment decisions.

 Liberty Mutual will:

  • No longer accept underwriting risk for companies where more than 25 percent of their exposure arises from the extraction and/or production of energy from thermal coal.
  • Not make new investments in debt or equity securities of companies that generate more than 25 percent of revenues from thermal coal mining or utility companies that generate more than 25 percent of their electricity production from thermal coal.
  • Phase out coverage and investments for existing risks that exceed this threshold by 2023.