RenaissanceRe Sustainability Profile
RenaissanceRe Holdings Ltd., commonly known as RenaissanceRe, is a leading global provider of reinsurance and insurance solutions, headquartered in the United States. Founded in 1993, the company has established a strong presence in key operational regions, including Bermuda, the United States, and Europe. Specialising in property and casualty reinsurance, RenaissanceRe is renowned for its innovative risk management solutions and advanced analytics capabilities. The firm’s unique approach to underwriting and its commitment to leveraging technology have positioned it as a market leader in the industry. With a robust portfolio of core products and services, RenaissanceRe has achieved notable milestones, including consistent recognition for its financial strength and operational excellence. The company’s dedication to delivering value to clients has solidified its reputation as a trusted partner in the reinsurance sector.
DitchCarbon Score
How does RenaissanceRe'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 Machinery and Equipment 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
RenaissanceRe's score of 20 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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RenaissanceRe's reported carbon emissions
In 2019, RenaissanceRe, headquartered in the US, reported total carbon emissions of approximately 947,000 kg CO2e from its US operations. The emissions breakdown includes about 268,000 kg CO2e from Scope 2, primarily due to purchased electricity, and around 679,000 kg CO2e from Scope 3, predominantly attributed to business travel. Globally, RenaissanceRe's total emissions reached about 10,795,000 kg CO2e, with Scope 1 emissions at approximately 63,000 kg CO2e, Scope 2 emissions at about 1,267,000 kg CO2e, and Scope 3 emissions at around 9,465,000 kg CO2e. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. RenaissanceRe's emissions data is sourced directly from RenaissanceRe Holdings Ltd., with no cascaded data from a parent or related organization. The company continues to monitor its carbon footprint, focusing on transparency in its emissions reporting.
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| 2019 | |
|---|---|
| Scope 1 | 63,000 |
| Scope 2 | 1,267,000 |
| Scope 3 | 9,465,000 |
How Carbon Intensive is RenaissanceRe's Industry?
How Carbon Intensive is RenaissanceRe's Location?
RenaissanceRe'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
RenaissanceRe'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.
RenaissanceRe 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.
