Reinsurance Group Of America

Reinsurance Group Of America's reported carbon emissions

Reinsurance Group of America (RGA), headquartered in the US and operating within the insurance and pension funding services sector, has set a commitment to achieve net-zero greenhouse gas (GHG) emissions across its global operations by the end of 2026. This target encompasses both Scope 1 and Scope 2 emissions. In terms of emissions data, for the reporting year 2024, RGA reported approximately 422,000 kg CO2e for Scope 1 emissions. Scope 2 emissions, reported on a market-based basis, were approximately 9,581,000 kg CO2e, and on a location-based basis, approximately 9,478,000 kg CO2e. Scope 3 emissions, specifically business travel, amounted to approximately 12,587,000 kg CO2e. The total market-based Scope 1 and 2 emissions for 2024 were approximately 10,003,000 kg CO2e, and location-based were approximately 9,900,000 kg CO2e. Looking at previous years, in 2023, Scope 1 emissions were approximately 336,000 kg CO2e, while Scope 2 emissions (market-based) were approximately 8,825,000 kg CO2e and (location-based) were approximately 8,735,000 kg CO2e. Business travel (Scope 3) was approximately 11,235,000 kg CO2e. Total market-based Scope 1 and 2 for 2023 were approximately 9,161,000 kg CO2e, and location-based were approximately 9,071,000 kg CO2e. For 2022, Scope 1 emissions totalled approximately 603,000 kg CO2e and Scope 2 (location-based) were approximately 7,829,000 kg CO2e. Business travel (Scope 3) was approximately 4,596,000 kg CO2e, with total location-based Scope 1 and 2 emissions at approximately 8,432,000 kg CO2e. In 2021, RGA reported approximately 590,000 kg CO2e for Scope 1 emissions and approximately 7,684,000 kg CO2e for Scope 2 (location-based). Scope 3 business travel emissions were approximately 273,000 kg CO2e, and total location-based Scope 1 and 2 were approximately 8,274,000 kg CO2e. For 2020, Scope 1 emissions were approximately 571,000 kg CO2e, and Scope 2 (location-based) were approximately 7,770,000 kg CO2e. Business travel (Scope 3) accounted for approximately 1,561,000 kg CO2e, with total location-based Scope 1 and 2 emissions at approximately 8,341,000 kg CO2e. In 2019, Scope 1 emissions were approximately 656,000 kg CO2e, and Scope 2 (location-based) were approximately 7,163,000 kg CO2e. Scope 3 business travel was approximately 7,621,000 kg CO2e, and total location-based Scope 1 and 2 emissions were approximately 7,819,000 kg CO2e. RGA is currently considered on track for its five-year net-zero target by 2026, based on reports from 2022 and 2024. However, for 2023, the company was not considered on track for its five-year target for Scope 2 emissions. Notably, RGA's sustainability reports indicate that data for Scope 3 category "purchased goods and services" is missing.