Swiss Reinsurance Company Ltd Sustainability Profile
Swiss Reinsurance Company Ltd., commonly known as Swiss Re, 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 reinsurance industry, providing innovative solutions across various sectors, including life, health, and property and casualty insurance. With a strong presence in key markets such as Europe, North America, and Asia, Swiss Re offers a diverse range of products and services, including risk transfer, capital management, and advisory services. The company is renowned for its unique approach to risk assessment and management, leveraging advanced analytics and data-driven insights. As one of the largest reinsurers in the world, Swiss Re has achieved numerous milestones, including significant contributions to the development of the insurance industry. Its commitment to sustainability and resilience further solidifies its market position, making it a trusted partner for insurers and businesses globally.
DitchCarbon Score
How does Swiss Reinsurance Company Ltd'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 Reinsurance Company Ltd's score of 48 is higher than 66% 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 Reinsurance Company Ltd's reported carbon emissions
In 2017, Swiss Reinsurance Company Ltd reported Scope 2 emissions of approximately 10,255,000 kg CO2e globally, with significant contributions from various regions, including 6,722,000 kg CO2e from Great Britain and 377,000 kg CO2e from Switzerland. The company also disclosed 254,000 kg CO2e from its operations in the United States for the same year. Despite these emissions figures, Swiss Reinsurance Company Ltd has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company is a current subsidiary of Swiss Re AG, which may influence its climate strategies and reporting practices. Swiss Reinsurance Company Ltd's emissions data reflects its operational impact, with a carbon emissions per employee metric of about 651 kg CO2e in 2017. The company continues to engage in climate-related initiatives, although specific commitments or pledges have not been detailed in the available data.
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| 2017 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 10,255,000 |
| Scope 3 | - |
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Swiss Reinsurance Company Ltd's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Swiss Reinsurance Company Ltd has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
