Chubb Shareholders Reject Reports on Climate Change, Pay Gap (1)

Chubb shareholders voted against proposals Thursday asking the company to issue a report detailing the carbon footprint of companies it works with and another study revealing pay-equity gaps.

Proponents of the climate proposal said the Switzerland-based reinsurance giant isn’t doing enough to help reduce the greenhouse gas emissions from the companies it works with. A group of investors, represented by activist investor organization As You Sow, said Chubb is “actively amplifying the problem” of warming the planet.

“Chubb has not given investors sufficient information on the magnitude and extent of its insured, invested, and underwriting emissions,” the group wrote in ...