PartnerRe Ltd., headquartered in Bermuda (BM), is a leading global reinsurer that has established a strong presence in the insurance and reinsurance industry since its founding in 1993. With operational regions spanning North America, Europe, and Asia, PartnerRe offers a diverse range of reinsurance solutions across property, casualty, and specialty lines. The company is renowned for its innovative approach to risk management and its commitment to providing tailored solutions that meet the unique needs of its clients. PartnerRe's core services include property and casualty reinsurance, life and health reinsurance, and capital markets solutions, all designed to enhance the financial stability of its partners. Recognised for its robust financial strength and strategic partnerships, PartnerRe has achieved significant milestones, positioning itself as a trusted leader in the reinsurance market. Its dedication to excellence and client-centric philosophy continues to drive its success in an ever-evolving industry.
How does Partner Re'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.
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.
Partner Re's score of 35 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Partner Re reported total carbon emissions of approximately 2,343,000 kg CO2e, with no emissions from Scope 1. Scope 2 emissions were about 325,000 kg CO2e, while Scope 3 emissions accounted for approximately 2,018,000 kg CO2e. In 2022, the company recorded total emissions of about 1,482,000 kg CO2e, with Scope 2 emissions at approximately 288,000 kg CO2e and Scope 3 emissions significantly higher at around 1,200,000 kg CO2e. The previous year, 2021, saw Scope 2 emissions of about 279,000 kg CO2e and Scope 3 emissions of approximately 175,000 kg CO2e, indicating a notable increase in emissions over the years. Partner Re has set ambitious climate commitments, aiming to achieve a 0% market weight exposure to certain investments by 2025, using 2018 as the base year. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to reducing its carbon footprint and aligning with net-zero goals. Overall, Partner Re's emissions data highlights a growing challenge in managing Scope 3 emissions, which represent the majority of their carbon footprint, while their proactive reduction initiatives demonstrate a commitment to sustainability and climate responsibility.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | - | - | - |
Scope 2 | 279,000 | 000,000 | 000,000 |
Scope 3 | 175,000 | 0,000,000 | 0,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Partner Re is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.