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 74 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 149,000,000 kg CO2e across all scopes. This includes 1,728,000 kg CO2e from Scope 1, 84,000 kg CO2e from Scope 2, and a significant 149,000,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, aiming for a 53% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2018 as the base year. Additionally, Swiss Re is committed to achieving net-zero emissions across all scopes by 2050. In previous years, Swiss Re has made notable progress in its emissions reduction initiatives. For instance, in 2023, the company reported 1,726,000 kg CO2e in Scope 1 emissions and maintained a similar Scope 3 total of 149,000,000 kg CO2e. The company has also targeted a 50% reduction in GHG emissions from business air travel by 2022 compared to 2018 levels. Swiss Re's commitment to sustainability is further underscored by its participation in the Science Based Targets initiative (SBTi), where it has pledged to align its emissions reduction targets with climate science. The company is actively working towards its long-term goal of net-zero emissions by 2050, reflecting its dedication to minimising environmental impact and promoting sustainable practices within the financial sector.
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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 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,359,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 87,072,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 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.
