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 71 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 2023, Swiss Re reported total carbon emissions of approximately 16,500,000 kg CO2e, with Scope 1 emissions at about 10,600,000 kg CO2e, Scope 2 emissions at around 1,100,000 kg CO2e, and Scope 3 emissions totalling approximately 4,800,000 kg CO2e. This reflects a commitment to transparency in their emissions reporting, covering all three scopes. Swiss Re has set ambitious climate commitments, including a public pledge to achieve net-zero emissions by 2050 across all scopes. This commitment was made in 2019 and is part of their long-term strategy to mitigate climate impact. The company is also aligned with the Science Based Targets initiative (SBTi), reinforcing their dedication to science-based climate action. Over recent years, Swiss Re has demonstrated a significant reduction in emissions, with total emissions decreasing from approximately 21,191,000 kg CO2e in 2020 to 16,500,000 kg CO2e in 2023. This reduction showcases their ongoing efforts to enhance sustainability within their operations. Overall, Swiss Re's climate strategy is focused on achieving substantial emissions reductions while maintaining transparency and accountability in their environmental impact.
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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.
