Potential offtaker

American International Group, Inc.

www.aig.com

Estimated electricity consumption

N/A

Countries of production presence

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American International Group, commonly known as AIG, is a leading global insurance company headquartered in New York City, United States. The company operates in the property and casualty (P&C) insurance sector, providing a range of insurance products and services to businesses and individuals worldwide. AIG has a strong presence in the United States and also operates in more than 80 countries, making it one of the largest insurers in the world.

AIG has been actively working towards decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce greenhouse gas emissions from its operations and investments. AIG has committed to reducing its greenhouse gas emissions by 50% by 2050, compared to its 2015 baseline. The company has also set a target to source 50% of its electricity from renewable energy sources by 2025.

AIG has been investing in renewable energy projects to achieve its decarbonisation goals. The company has signed several corporate power purchase agreements (PPAs) to buy renewable energy directly from wind and solar projects. Corporate PPAs are long-term contracts between a renewable energy project and a corporate buyer, where the buyer agrees to purchase a certain amount of energy at a fixed price. By signing these agreements, AIG is supporting the development of new renewable energy projects and reducing its carbon footprint.

AIG has also been focusing on corporate energy efficiency to reduce its energy consumption and greenhouse gas emissions. The company has implemented energy-efficient technologies and practices in its operations, such as LED lighting, smart building systems, and energy-efficient HVAC systems. AIG has also adopted green building standards for its new construction projects, such as LEED (Leadership in Energy and Environmental Design) certification.

In addition to its own operations, AIG has been working with its clients to promote decarbonisation and renewable energy. The company offers insurance products and services that support renewable energy projects, such as wind and solar farms. AIG also provides risk management and advisory services to help clients manage their environmental risks and reduce their carbon footprint.

AIG has been recognized for its efforts towards decarbonisation and sustainability. The company has been included in the Dow Jones Sustainability Index (DJSI) North America for five consecutive years. The DJSI is a leading benchmark for corporate sustainability, evaluating companies based on their economic, social, and environmental performance.

In conclusion, AIG is a leading global insurance company that is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and source renewable energy. AIG has been investing in renewable energy projects through corporate PPAs and implementing energy-efficient technologies and practices in its operations. The company has also been working with its clients to promote decarbonisation and sustainability. AIG's efforts towards sustainability have been recognized by the Dow Jones Sustainability Index, demonstrating the company's commitment to creating a more sustainable future.

✓ Declared Net Zero commitment