Our position on insuring the Carmichael thermal coal mine in regional Queensland
Following ongoing public interest, Liberty Mutual and Liberty Specialty Markets wish to advise that we do not have any current policies in place for the Adani Carmichael mine project, and will not be involved in future stages of the project.
In January 2019, we informed the appropriate parties we would not be participating in the insurance program for the operational phase of the project.
We recognise the risk of climate change to our planet and are taking action to reduce carbon emissions. Environmental sustainability has been a key focus for us for some time, and we have a long-term strategy of decarbonisation and investment in renewable energy. We recently launched our inaugural ESG report, and last year we announced our global policy on coal underwriting and investing and our new Office of Sustainability, which will further embed responsible investment and risk management policies into our decision-making.
We’re taking many steps that demonstrate our commitment to the shift toward clean energy, and we will continue to improve and build on the progress we’ve made.