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 97% 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 30,000,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 1,726,000 kg CO2e, while Scope 2 emissions totalled approximately 6,903,000 kg CO2e. The majority of their emissions, around 25,492,000 kg CO2e, fell under Scope 3, which includes significant contributions from business travel and employee commuting. Over the years, Swiss Re has made notable progress in reducing its carbon footprint. From 2018 to 2023, the company decreased its total emissions from about 92,616,000 kg CO2e to 30,000,000 kg CO2e, reflecting a substantial reduction in emissions across all scopes. Swiss Re is committed to achieving net-zero emissions by 2050, as part of its long-term climate strategy. The company has set multiple targets under the Science Based Targets initiative (SBTi), committing to significant reductions across all scopes by 2050. This commitment aligns with their broader sustainability goals and reflects their proactive approach to addressing climate change within the financial services sector. Overall, Swiss Re's emissions data and climate commitments demonstrate a strong dedication to sustainability and a clear pathway towards reducing their environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
