Swiss Life

Swiss Life's reported carbon emissions

Swiss Life, headquartered in CH and operating in the insurance and pension funding services sector, reported total global emissions of approximately 15,889,000 kg CO2e for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For Scope 1, emissions were around 5,842,000 kg CO2e, while Scope 2 emissions stood at approximately 885,000 kg CO2e. Scope 3 emissions accounted for about 9,162,000 kg CO2e, with business travel being a significant contributor at roughly 8,155,000 kg CO2e. In 2023, Swiss Life's total global emissions were approximately 14,251,000 kg CO2e, with Scope 1 emissions at about 7,095,000 kg CO2e, Scope 2 at approximately 388,000 kg CO2e, and Scope 3 at around 6,768,000 kg CO2e. Swiss Life has established several climate commitments. A key near-term target is to reduce CO2 emissions per Full-Time Employee (FTE) by 35% by the end of 2024, compared to a 2019 baseline. This reduction is primarily aimed at cutting emissions from business travel and sourcing electricity from sustainable providers. Furthermore, Swiss Life aims to reduce the carbon intensity of its directly held real estate portfolio by 20% by 2030, using 2019 as the benchmark year. For its operational activities, the company has a target to reduce CO2 emissions per FTE by 50% by the end of 2027, also compared to 2019 levels. Since 2022, Swiss Life has achieved net-zero status for its operational activities through the acquisition of certificates for unavoidable CO2 emissions. The company also has a broader ambition to achieve climate neutrality.