Partner Re Sustainability Profile
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.
DitchCarbon Score
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.
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
Partner Re's score of 35 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Partner Re's reported carbon emissions
In 2023, Partner Re reported total carbon emissions of approximately 2,343,000 kg CO2e, with no emissions from Scope 1 and 325,000 kg CO2e from Scope 2. The majority of their emissions, about 2,034,000 kg CO2e, were classified under Scope 3. This data reflects a significant increase in emissions compared to 2022, where total emissions were approximately 1,482,000 kg CO2e, with Scope 2 emissions at 288,000 kg CO2e and Scope 3 emissions at 1,420,000 kg CO2e. Partner Re has set ambitious near-term climate commitments, aiming to reduce market weight exposure to certain investments to 0% by 2025, using 2018 as the base year. This target applies to both Scope 1 and Scope 2 emissions, indicating a proactive approach to mitigating their carbon footprint. The emissions data is cascaded from their parent company, PartnerRe Ltd., which is responsible for the overall performance metrics. Partner Re's commitment to sustainability aligns with industry standards, reflecting a growing trend among corporations to address climate change through measurable targets and transparent reporting.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 279,000 | 000,000 | 000,000 |
| Scope 3 | 175,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Partner Re's Industry?
How Carbon Intensive is Partner Re's Location?
Partner Re'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.
Partner Re 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.
