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Insurance giant promises carbon neutrality

Leading reinsurance firm Swiss Re has pledged to become "greenhouse neutral" within ten years. The firm announced on Thursday it will reduce its own climate emissions by 15% and offset the remaining 85% by investing US$2.5m (€2.15m) in the Kyoto protocol's clean development mechanism via the World Bank. Swiss Re says it faces no regulatory constraints on its greenhouse gas emissions and took this step to enhance its corporate social responsibility. It claims to be the biggest global financing firm - and the first Swiss firm - to make such a pledge. See press release.

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