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.
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.
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.
Zurich's score of 76 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Zurich Insurance Group reported total carbon emissions of approximately 56,406,000 kg CO2e. This figure includes 14,470,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 38,403,000 kg CO2e from Scope 3 emissions, which encompass significant contributions from business travel (15,174,000 kg CO2e) and employee commuting (16,647,000 kg CO2e). The total emissions for 2023 were about 60,066,000 kg CO2e, indicating a reduction in emissions year-on-year. 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 plans 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, including Scope 1 and Scope 2, which involve reductions from fleet operations and purchased electricity. The emissions data is cascaded from Zurich Insurance Group AG, ensuring alignment with broader corporate sustainability goals. Zurich's commitment to reducing its carbon footprint reflects its proactive approach to addressing climate change within the financial services sector.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|
Scope 1 | 20,285,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
Scope 2 | - | 00,000,000 | 0,000,000 | - | - | - |
Scope 3 | 132,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Zurich 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.