BOSTON (May 15, 2020) – Liberty Mutual Insurance today expanded its commitment to sustainable energy by providing capital, along with a group of companies, to Sunnova Energy, one of the leading and fastest-growing residential solar and energy storage service providers in the U.S. The investment will support Sunnova’s continued growth and deployment of residential solar systems and battery storage units.
Environmental sustainability continues to be a key focus for Liberty Mutual and the company has a long-term strategy of decarbonization and investment in renewable energy.
We continue to invest in companies that show proven progress in the shift to clean energy, including advancing our energy investment strategy by primarily targeting private power investments in solar, wind, hydroelectric and gas-fired generation. We have been making direct investments in renewable energy since 2007 and have invested over half a billion dollars in this space over the past five years. Our future investment commitments to fossil fuels have also declined by more than 50% over the past several years.
Visit Liberty Mutual’s 2019 Environmental, Social and Governance review to learn more about our progress.