Renaissance Reinsurance Ltd. Sustainability Profile
Renaissance Reinsurance Ltd., commonly known as RenaissanceRe, is a leading global provider of reinsurance and insurance solutions, headquartered in Bermuda (BM). Founded in 1993, the company has established a strong presence in key operational regions, including North America, Europe, and Asia-Pacific. Specialising in property and casualty reinsurance, RenaissanceRe is renowned for its innovative risk management solutions and advanced analytics capabilities. The firm’s core offerings include catastrophe reinsurance, specialty insurance, and various risk transfer products, setting it apart in a competitive market. With a commitment to excellence, RenaissanceRe has achieved significant milestones, including consistent financial strength and a robust market position, making it a trusted partner for clients worldwide. Its reputation for reliability and expertise has solidified its status as a leader in the reinsurance industry.
DitchCarbon Score
How does Renaissance Reinsurance Ltd.'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 Real Estate 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
Renaissance Reinsurance Ltd.'s score of 17 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renaissance Reinsurance Ltd., headquartered in Bermuda (BM), currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of RenaissanceRe Holdings Ltd., which may influence its climate commitments and reporting practices. As of now, Renaissance Reinsurance Ltd. has not established any documented reduction targets or climate pledges. The lack of specific emissions data and reduction initiatives suggests that the company may be in the early stages of developing its climate strategy or relies on its parent company for guidance in this area. Given the industry's increasing focus on sustainability and climate action, it is essential for Renaissance Reinsurance Ltd. to align with broader corporate climate initiatives, potentially cascading commitments from RenaissanceRe Holdings Ltd. to enhance its environmental performance and transparency.
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| 2019 | |
|---|---|
| Scope 1 | 63,000 |
| Scope 2 | 1,267,000 |
| Scope 3 | 9,465,000 |
How Carbon Intensive is Renaissance Reinsurance Ltd.'s Industry?
How Carbon Intensive is Renaissance Reinsurance Ltd.'s Location?
Renaissance Reinsurance Ltd.'s Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Renaissance Reinsurance Ltd.'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.
Renaissance Reinsurance Ltd. 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.
