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Allianz decides to leave Net-Zero Insurance Alliance

2023-05-25 14:38
FRANKFURT Allianz on Thursday became the latest major company to leave a global climate alliance focused on reducing
Allianz decides to leave Net-Zero Insurance Alliance

FRANKFURT Allianz on Thursday became the latest major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States.

Allianz said in an emailed statement it had decided to leave the Net-Zero Insurance Alliance (NZIA), and said it would stick to its own climate goals.

(Reporting by Alexander Huebner and Tom Sims, Editing by Rachel More)