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 63% 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 12,000,000 kg CO2e, comprising 422,000 kg CO2e from Scope 1, 9,581,000 kg CO2e from Scope 2 (market-based), and 12,587,000 kg CO2e from Scope 3, specifically related to business travel. This represents a slight increase in emissions compared to 2023, where total emissions were about 11,000,000 kg CO2e, with Scope 1 at 336,000 kg CO2e, Scope 2 at 8,825,000 kg CO2e (market-based), and Scope 3 at 11,235,000 kg CO2e. RGA has committed to achieving net-zero greenhouse gas (GHG) emissions across its global operations by the end of 2026, targeting both Scope 1 and Scope 2 emissions. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability. The company aims to implement significant reductions in its operational carbon footprint, with ongoing efforts to monitor and report emissions transparently. The emissions data is sourced directly from Reinsurance Group of America, Incorporated, with no cascaded data from parent or related organizations. RGA's climate initiatives underscore its dedication to environmental responsibility within the reinsurance sector.
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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.
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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.
