Reinsurance Group Of America
Reinsurance Group of America, Incorporated (RGA) is a leading global provider of reinsurance and risk solutions, headquartered in the United States. Established in 1973, RGA has grown to become a prominent player in the insurance and pension funding services industry, excluding compulsory social security services. With a strong presence in North America, Europe, and Asia-Pacific, RGA offers a diverse range of products, including life reinsurance, health reinsurance, and financial solutions tailored to meet the evolving needs of its clients.
RGA is recognised for its innovative approach to risk management and its commitment to delivering unique value through data-driven insights and advanced analytics. The company has achieved significant milestones, including numerous awards for excellence in the reinsurance sector, solidifying its market position as a trusted partner for insurers worldwide.
0 vs industry average
Reinsurance Group Of America’s score of 39 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Reinsurance Group Of America's reported carbon emissions
Reinsurance Group of America (RGA), an insurance and pension funding services provider headquartered in the US, is committed to achieving net-zero greenhouse gas emissions across its global operations by the end of 2026. This target encompasses Scope 1 and Scope 2 emissions.
In 2024, RGA reported Scope 1 emissions of approximately 422,000 kg CO2e and Scope 2 emissions (market-based) of about 9,581,000 kg CO2e. Scope 3 emissions, specifically business travel, amounted to approximately 12,587,000 kg CO2e for the same year. The total combined emissions for Scope 1 and 2 for 2024 were approximately 10,003,000 kg CO2e (market-based).
In the preceding year, 2023, RGA's Scope 1 emissions were approximately 336,000 kg CO2e, with Scope 2 emissions (market-based) at about 8,825,000 kg CO2e. Business travel, a component of Scope 3, was approximately 11,235,000 kg CO2e. The combined Scope 1 and 2 emissions for 2023 were approximately 9,161,000 kg CO2e (market-based).
The company's sustainability reports indicate a progress towards its net-zero goals. For instance, the 2024 sustainability report highlights being on track for its five-year net-zero targets for Scope 1 and Scope 2 emissions. However, specific absolute total emissions data for all scopes combined, as per the "calculated_totals.sum_total" metric, is not explicitly provided in the summarised data for these years. The company has disclosed data for Scope 1, 2, and 3, with Scope 3 emissions notably including business travel, and a missing data point for "purchased goods and services".
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Reinsurance Group Of America’s Climate Goals (2030 & 2050)
2 goals2026
We have pledged to achieve net-zero greenhouse gas (GHG) emi…
We have pledged to achieve net-zero greenhouse gas (GHG) emissions throughout our global operations by the end of 2026.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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