Partner Re
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 61% 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 emissions distributed across Scope 2 and Scope 3. Specifically, Scope 2 emissions accounted for about 325,000 kg CO2e, while Scope 3 emissions were significantly higher at approximately 2,043,000 kg CO2e. Notably, Partner Re has consistently reported zero Scope 1 emissions across the years. Comparatively, 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 at around 1,194,000 kg CO2e. In 2021, emissions were lower, totalling about 454,000 kg CO2e, with Scope 2 emissions at approximately 279,000 kg CO2e and Scope 3 emissions at about 175,000 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, reflecting the company's commitment to achieving net-zero emissions. The emissions data reported by Partner Re is cascaded from its parent company, PartnerRe Ltd., which is responsible for the overall performance metrics. This corporate relationship underscores the importance of integrated climate strategies within the organisation.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
