Corporate Updates, May 14, 2021

Z Zurich Foundation announces support to UNICEF’s global efforts to help deliver COVID-19 vaccines to the most vulnerable

Global vaccination

Hong Kong, May 14, 2021 – The Swiss-based Z Zurich Foundation announced today an initial donation of CHF 1 million (equivalent to about HKD 8.5 million) to UNICEF in support of the campaign to deliver 2 billion doses of COVID-19 vaccines globally by the end of 2021.

UNICEF and partners have been working tirelessly on the largest vaccination procurement and supply program in history in an effort to vaccinate frontline health care and social workers, as well as high risk and vulnerable people around the world. The Z Zurich Foundation is supporting this global effort in addition to collaborating with Zurich Insurance Group’s (Zurich’s) local businesses worldwide to make additional donations via various fundraising campaigns.

“Responding to one of the biggest needs linked to the pandemic, which is equitable access to vaccines, is the right thing to do and also is at the heart of our ambition,” said Gregory Renand, Head of the Z Zurich Foundation. “As part of our collaboration with UNICEF to support the global rollout of COVID-19 vaccines, we aim to help make available COVID-19 vaccines to as many people starting with those that are vulnerable and at risk. Now is the time to act and help save lives,” he said.

Through the COVID-19 Vaccine Global Access Facility (COVAX Facility) together with Gavi, the Vaccine Alliance, WHO and CEPI, UNICEF is leveraging its unique experience  as the largest single vaccine buyer in the world by working with manufacturers and partners on the procurement and supply of COVID-19 vaccine doses.

“Addressing the COVID-19 global pandemic requires all sectors to join hands and so we are happy to welcome the contribution from Z Zurich Foundation towards supporting equitable access to COVID-19 vaccines,” said Charlotte Petri Gornitzka, UNICEF’s Deputy Executive Director for Partnerships. “Ending the pandemic is everyone’s business, because no one is safe until everyone is safe.”

Together with WHO, PAHO, GAVI and other partners at the global and regional levels, UNICEF is also working to support countries get ready and prepare for their COVID-19 vaccine roll-out. This includes assessing capacity and helping countries to strengthen their cold storage capabilities and supply chains so that countries have adequate infrastructure to transport and store the vaccines in-country.

Mr. Eric Hui, Chief Executive Officer of Zurich Insurance (Hong Kong), said, “The urgency of global vaccinations continues as the number of confirmed cases in third world countries, such as India, hits the world’s highest daily cases and devastates its people with an overwhelming death toll. Through Z Zurich Foundation’s contribution, we hope relief efforts and vaccines will be provided to the vulnerable around the world, to mitigate the challenges posed by COVID-19 so more lives can be saved. Over the past year, Zurich Hong Kong has rolled out a number of measures to support various segments of the community to navigate the hardships brought by the pandemic, including donations, charity work, relaxed policies, and new services and products. Our free COVID-19 Vaccine Cover introduced earlier this year was aimed to give individuals peace of mind when receiving vaccination, as well as to strengthen the fight against the outbreak. Reflecting our brand promise, ‘Create a brighter future together’, we are honored to participate in UNICEF’s program on the global rollout of COVID-19 vaccines, and will continue to explore meaningful ways to help.”

 

About Zurich Insurance

Zurich Insurance (Hong Kong) offers a full range of flexible general insurance and life insurance products for individuals as well as corporate customers, catering to their insurance, protection and investment needs. Zurich's presence in Hong Kong dates back to 1961, and is one of the 5 largest insurance companies in the general insurance market*. Further information about Zurich Insurance (Hong Kong) is available at www.zurich.com.hk.

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With around 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

*Source: Gross premium of 2019, Insurance Authority

About Z Zurich Foundation

Z Zurich Foundation is a charitable foundation with registered office in Zurich established by Zurich Insurance Company Ltd and Zurich Life Insurance Company Ltd in accordance with Swiss law. It is the main vehicle by which the Zurich Insurance Group (Zurich) delivers on its global community investment strategy.

The Z Zurich Foundation works alongside Zurich employees, businesses and NGOs in pursuit of a future where people can thrive in the face of increasing climate hazards, where those of us feeling the stresses of life are empowered to speak up, and where the marginalized in our society can reach their full potential. Visit the Z Zurich Foundation’s website to learn more about its work: https://zurich.foundation.

Follow Z Zurich Foundation on LinkedIn / Twitter / Facebook / Instagram / YouTube.

About UNICEF

UNICEF is the world’s largest children’s organization, working in some of the world’s toughest places, to reach the world’s most disadvantaged children. Across 190 countries and territories, they work for every child, everywhere, to build a better world for everyone. For more information about UNICEF and its work for children, visit www.unicef.org.

Follow UNICEF on Twitter / Facebook / Instagram / YouTube.

About the COVAX Facility

COVAX is the vaccines pillar of the Access to COVID-19 Tools (ACT) Accelerator, a ground-breaking global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines. COVAX is co-led by Gavi, the Coalition for Epidemic Preparedness Innovations (CEPI) and WHO. Its aim is to accelerate the development and manufacture of COVID-19 vaccines, and to guarantee fair and equitable access for every country in the world. https://www.who.int/initiatives/act-accelerator/covax

UNICEF, in collaboration with the PAHO Revolving Fund, is leading efforts to procure and supply doses of COVID-19 vaccines on behalf of the COVAX Facility. This initiative will lead the procurement and delivery of vaccines for 92 low and middle income countries and regions.

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