Reinsurance Group Of America
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 39 is higher than 82% 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 2023, Reinsurance Group of America (RGA) reported total greenhouse gas emissions of approximately 8,090,000,000 kg CO2e, comprising 271,000,000 kg CO2e from Scope 1, 7,908,000,000 kg CO2e from Scope 2, and 8,554,000,000 kg CO2e from Scope 3 emissions. This reflects a significant focus on emissions management across all scopes, with a notable reduction in Scope 1 emissions compared to previous years. RGA has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions for both Scope 1 and Scope 2 by the end of 2026. This commitment underscores their proactive approach to sustainability and climate responsibility within their global operations. Over the past few years, RGA has demonstrated a trend of reducing emissions, with Scope 1 emissions decreasing from 656,000,000 kg CO2e in 2019 to 271,000,000 kg CO2e in 2023. This reduction aligns with their broader sustainability goals and reflects their commitment to mitigating climate impact. Overall, RGA's emissions data and climate commitments illustrate a strong dedication to environmental stewardship, with clear targets for reducing their carbon footprint in the near term.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 656,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 7,163,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 7,621,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Reinsurance Group Of America 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.
