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 20 is lower than 56% 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 9,470,000 kg CO2e. This figure includes 268,000 kg CO2e from Scope 2 emissions, primarily related to purchased electricity, and a significant 679,000 kg CO2e from Scope 3 emissions, predominantly from business travel. The company's emissions data is sourced directly from RenaissanceRe Holdings Ltd. and does not indicate any cascaded data from a parent or related organization. Notably, there are currently no documented reduction targets or climate pledges in place, which suggests that while the company is aware of its emissions profile, it has yet to establish formal commitments to reduce its carbon footprint. RenaissanceRe's emissions data highlights the importance of addressing Scope 3 emissions, which constitute the majority of its reported emissions. As the company continues to navigate its climate impact, establishing reduction initiatives and targets could enhance its sustainability profile in the insurance and reinsurance industry.
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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.
