General Reinsurance AG Sustainability Profile
General Reinsurance AG, commonly known as Gen Re, is a leading global reinsurer headquartered in Germany. Established in 1854, the company has built a strong reputation in the reinsurance industry, with significant operations across Europe, North America, and Asia. Specialising in property and casualty reinsurance, Gen Re offers a diverse range of products and services, including life and health reinsurance solutions. What sets Gen Re apart is its commitment to providing tailored solutions backed by extensive research and expertise. With a robust market position, General Reinsurance AG is recognised for its financial strength and innovative approach, consistently achieving high ratings from industry analysts. The company’s dedication to client partnerships and risk management has solidified its status as a trusted leader in the reinsurance sector.
DitchCarbon Score
How does General Reinsurance AG's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
General Reinsurance AG's score of 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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General Reinsurance AG's reported carbon emissions
In 2024, General Reinsurance AG reported total carbon emissions of approximately 10,101,000 kg CO2e, with emissions distributed across all three scopes: 1,047,000 kg CO2e from Scope 1, 1,409,000 kg CO2e from Scope 2, and 10,101,000 kg CO2e from Scope 3. This data reflects a comprehensive assessment of their greenhouse gas emissions, highlighting the significant impact of their operational activities. As a current subsidiary of Berkshire Hathaway Inc., General Reinsurance AG's emissions data is cascaded from its parent company, which also influences its climate commitments. However, there are no specific reduction targets or climate pledges disclosed by General Reinsurance AG at this time. The absence of defined reduction initiatives suggests a need for further development in their climate strategy. Overall, General Reinsurance AG's emissions profile underscores the importance of addressing carbon footprints within the reinsurance sector, particularly in light of the broader industry context and the growing emphasis on sustainability and climate action.
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| 2024 | |
|---|---|
| Scope 1 | 1,047,000 |
| Scope 2 | 1,409,000 |
| Scope 3 | 10,101,000 |
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General Reinsurance AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
General Reinsurance AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
