RenaissanceRe
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 18 is lower than 73% 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 reported total carbon emissions of approximately 10,795,000 kg CO2e globally, with significant contributions from Scope 3 emissions, particularly from business travel, which accounted for about 9,465,000 kg CO2e. In the US, the company’s emissions totalled around 947,000 kg CO2e, with Scope 2 emissions from purchased electricity at about 268,000 kg CO2e and Scope 3 emissions from business travel at approximately 679,000 kg CO2e. In the UK, emissions reached about 1,186,000 kg CO2e, with Scope 2 emissions at approximately 186,000 kg CO2e and Scope 3 emissions from business travel at around 1,000,000 kg CO2e. Other regions, including Ireland, Switzerland, Singapore, and Australia, also contributed to the overall emissions, with notable figures such as 1,385,000 kg CO2e from Australia, primarily driven by business travel. Despite the substantial emissions reported, RenaissanceRe has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction strategies highlights a potential area for improvement in their climate commitments.
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| 2019 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 1,267,000 |
| Scope 3 | 9,465,000 |
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.
RenaissanceRe 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.
