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 49 is higher than 98% 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 17,260,000 kg CO2e, with Scope 1 emissions at about 1,726,000 kg CO2e, Scope 2 emissions (market-based) at approximately 57,000 kg CO2e, and Scope 3 emissions contributing significantly at around 15,000,000 kg CO2e. The company has made substantial commitments to reduce its carbon footprint, aiming for net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. In previous years, Swiss Re's emissions were notably higher, with total emissions reaching approximately 92,996,000 kg CO2e in 2019 and 29,069,000 kg CO2e in 2022. The company has demonstrated a significant reduction in emissions over the years, particularly in Scope 1 and 2, reflecting its ongoing efforts to enhance sustainability practices. Swiss Re's long-term strategy includes a commitment to achieving net-zero emissions by 2050, with interim targets set to guide its progress. The company is actively working to implement measures that will further reduce its carbon emissions, aligning with global climate goals and enhancing its role as a responsible financial institution in the insurance sector.
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Get Started| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,356,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,359,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 87,071,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
