Reinsurance Group Of America Sustainability Profile
Reinsurance Group of America, Incorporated (RGA) is a leading global provider of life and health reinsurance solutions, headquartered in the United States. Established in 1973, RGA has grown to become a prominent player in the reinsurance industry, with significant operations across North America, Europe, and Asia-Pacific. RGA offers a diverse range of products and services, including traditional reinsurance, financial solutions, and risk management services, tailored to meet the unique needs of its clients. The company is recognised for its innovative approach to underwriting and its commitment to leveraging data analytics to enhance decision-making processes. With a strong market position, RGA has achieved notable milestones, including consistent financial performance and a reputation for reliability and expertise in the reinsurance sector. Its dedication to client partnerships and sustainable growth continues to set RGA apart in the competitive landscape of reinsurance.
DitchCarbon Score
How does Reinsurance Group Of America'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
Reinsurance Group Of America's score of 46 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Reinsurance Group Of America's reported carbon emissions
In 2024, Reinsurance Group of America (RGA) reported total carbon emissions of approximately 22,590,000 kg CO2e. This figure includes 422,000 kg CO2e from Scope 1 emissions, 9,581,000 kg CO2e from Scope 2 emissions, and 12,587,000 kg CO2e from Scope 3 emissions, specifically related to business travel. RGA has set ambitious climate commitments, pledging to achieve net-zero greenhouse gas (GHG) emissions across its global operations by the end of 2026. This target applies to both Scope 1 and Scope 2 emissions, reflecting a strong commitment to reducing its carbon footprint. The company aims to implement these reductions in the near term, starting from 2023. The emissions data is sourced directly from Reinsurance Group of America, Incorporated, with no cascading from a parent or related organization. RGA's proactive approach to climate action positions it as a responsible leader in the reinsurance industry, aligning with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 656,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,163,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,621,000 | 0,000,000 | 000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Reinsurance Group Of America's Industry?
How Carbon Intensive is Reinsurance Group Of America's Location?
Reinsurance Group Of America's Scope 3 Categories Breakdown
Reinsurance Group Of America's Scope 3 emissions, which increased by 12% last year and increased by approximately 65% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Reinsurance Group Of America'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.
Reinsurance Group Of America 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.
