Swiss Re
Swiss Re, officially known as Swiss Reinsurance Company Ltd, is a leading global reinsurance firm headquartered in Zurich, Switzerland (CH). Founded in 1863, Swiss Re has established itself as a pivotal player in the insurance and reinsurance industry, with a strong presence across Europe, North America, and Asia-Pacific. The company specialises in providing innovative risk transfer solutions, including life and health reinsurance, property and casualty reinsurance, and insurance-based risk management services. Swiss Re is renowned for its advanced analytical capabilities and commitment to sustainability, setting it apart in a competitive market. With a rich history marked by significant milestones, Swiss Re has consistently maintained a strong market position, recognised for its financial strength and expertise. Its dedication to developing unique products and services has solidified its reputation as a trusted partner in managing complex risks globally.
DitchCarbon Score
How does Swiss Re'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 Insurance 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
Swiss Re's score of 69 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Swiss Re's reported carbon emissions
In 2023, Swiss Re reported total carbon emissions of approximately 16,500,000 kg CO2e. This figure includes 10,600,000 kg CO2e from Scope 1 emissions and 1,100,000 kg CO2e from Scope 2 emissions. The Scope 3 emissions were reported at about 4,800,000 kg CO2e, with significant contributions from capital goods and business travel. Over the years, Swiss Re has made notable progress in reducing its carbon footprint. For instance, emissions decreased from approximately 92,616,000 kg CO2e in 2018 to 16,500,000 kg CO2e in 2023, showcasing a substantial reduction. The company has set ambitious climate commitments, including a long-term target to achieve net-zero emissions across all scopes by 2050, with interim targets established through the Science Based Targets initiative (SBTi). Swiss Re's commitment to sustainability is further evidenced by its participation in the Financial Institutions Net-Zero Standard, which aims to align financial institutions with global climate goals. The company is actively working towards these targets, demonstrating its dedication to mitigating climate change and promoting environmental responsibility within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,356,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 1,359,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 87,071,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
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.
Swiss Re is committed to some reduction initiatives 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.
