At Tokio Marine, the fundamental purpose of our business is to protect our customers and local communities by providing safety and security in times of need. Our policies and initiatives are aimed towards building a safe, secure, and sustainable future that generates value for all of our stakeholders and our society more broadly.
Climate change is a global challenge that poses risks to the safety and security of our customers and society. We are committed to underwriting practices that will enable us to contribute to a transition to a decarbonized society.
As part of that commitment, Tokio Marine will not provide insurance underwriting capacities to coal-fired power generation projects, thermal coal mining, oil sands mining, and Artic oil and gas extraction.
Also, we support sustainable growth and the transition to a decarbonized society by providing insurance underwriting capacities for renewable energy businesses and projects. Additionally, we help our commercial package customers to go green by covering costs to rebuild using eco-friendly materials after a loss. Contact us for more information about renewable energy coverage or our green building package policy endorsements.