Zurich Sustainability Profile
Zurich Insurance Group, commonly referred to as Zurich, is a leading global insurer headquartered in Switzerland (CH). Established in 1872, Zurich has grown to become a prominent player in the insurance industry, with significant operations across Europe, North America, and Asia-Pacific. The company offers a diverse range of products and services, including general insurance, life insurance, and asset management, distinguished by its customer-centric approach and innovative solutions. With a strong market position, Zurich has achieved notable milestones, such as being recognised for its commitment to sustainability and corporate responsibility. The company’s focus on digital transformation and risk management sets it apart in a competitive landscape, making Zurich a trusted partner for individuals and businesses seeking comprehensive insurance solutions.
DitchCarbon Score
How does Zurich'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
Zurich's score of 81 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zurich's reported carbon emissions
In 2024, Zurich Insurance Group reported total carbon emissions of approximately 56,406,000 kg CO2e. This includes Scope 1 emissions of about 16,170,000 kg CO2e, comprising mobile combustion (14,470,000 kg CO2e) and stationary combustion (1,942,000 kg CO2e). Scope 2 emissions totalled approximately 1,565,000 kg CO2e, with purchased heat accounting for 1,565,000 kg CO2e and purchased electricity contributing 26,000 kg CO2e. The majority of emissions stem from Scope 3, which amounted to about 38,403,000 kg CO2e, primarily from business travel (15,174,000 kg CO2e) and employee commuting (16,647,000 kg CO2e). Zurich has set ambitious climate commitments, aiming for net-zero operational emissions by 2030, a significant acceleration from its previous target of 2050. The company also aims to reduce its carbon dioxide emissions by 60% by 2025 and by 70% by 2029, using 2022 as the baseline year. These targets encompass all scopes of emissions, reflecting a comprehensive approach to sustainability. The emissions data is sourced directly from Zurich Insurance Group AG, ensuring accuracy and consistency in reporting. As a member of the BA1.5 initiative, Zurich is committed to aligning its operations with climate science, further solidifying its role in the global transition towards a low-carbon economy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,664,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 2 | 24,211,000 | 00,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 132,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Zurich's Industry?
How Carbon Intensive is Zurich's Location?
Zurich's Scope 3 Categories Breakdown
Zurich's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 71% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 43% of Scope 3 emissions.
Top Scope 3 Categories
Zurich'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.
Zurich has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Zurich's sustainability data and climate commitments