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.
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Swiss Re's reported carbon emissions
In 2024, Swiss Re reported total carbon emissions of approximately 17,280,000 kg CO2e, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 1,728,000 kg CO2e, while Scope 2 emissions totalled approximately 8,400 kg CO2e (market-based) and 7,522,000 kg CO2e (location-based). Scope 3 emissions were notably high, amounting to around 11,000,000 kg CO2e from purchased goods and services alone, alongside substantial emissions from business travel (approximately 25,972,000 kg CO2e) and employee commuting (about 8,656,000 kg CO2e). Swiss Re has set ambitious targets to reduce its carbon footprint, aiming for a 53% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2030, using 2018 as the base year. Additionally, the company has committed to achieving net-zero emissions across all scopes by 2050, reinforcing its dedication to sustainability and climate action. In previous years, Swiss Re's emissions have fluctuated, with total emissions recorded at approximately 16,500,000 kg CO2e in 2023 and 17,700,000 kg CO2e in 2022. The company continues to disclose its emissions data transparently, aligning with industry standards and climate commitments.
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| 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 participating in some 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.
