Reinsurance Group Of America

Reinsurance Group Of America's Carbon Emissions & Climate Commitments

Reinsurance Group Of America (RGA), a US-headquartered company in the Insurance and pension funding services industry, is committed to achieving net-zero greenhouse gas (GHG) emissions across its global operations for Scope 1 and Scope 2 by the end of 2026.

In 2024, RGA's reported emissions included approximately 422,000 kg CO2e for Scope 1 and 9,581,000 kg CO2e for Scope 2 (market-based). Scope 3 emissions from business travel were approximately 12,587,000 kg CO2e. The total market-based Scope 1 and 2 emissions for 2024 were about 10,003,000 kg CO2e.

Looking at previous years, in 2023, RGA's Scope 1 emissions were approximately 336,000 kg CO2e, with Scope 2 (market-based) at about 8,825,000 kg CO2e, and Scope 3 business travel at roughly 11,235,000 kg CO2e. Their total market-based Scope 1 and 2 emissions in 2023 were around 9,161,000 kg CO2e.

Comparing to 2022, Scope 1 emissions were about 603,000 kg CO2e, Scope 2 (location-based) was approximately 7,829,000 kg CO2e, and Scope 3 business travel was around 4,596,000 kg CO2e. The location-based Scope 1 and 2 total for 2022 was roughly 8,432,000 kg CO2e.

While RGA has disclosed Scope 1, 2, and 3 emissions, certain Scope 3 categories, such as 'purchased goods and services', are not yet included in their reporting.