Zurich
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 74 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Zurich's reported carbon emissions
In 2023, Zurich Insurance Group reported total carbon emissions of approximately 60,066,000 kg CO2e. This figure includes 15,524,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 62,000 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, about 40,259,000 kg CO2e, fall under Scope 3, which encompasses business travel, employee commuting, and other indirect emissions. Zurich has set ambitious climate commitments, aiming for net-zero operational emissions by 2030, a significant acceleration from their previous target of 2050. Additionally, they plan to reduce carbon dioxide emissions by 60% by 2025 and by 70% by 2029, using 2022 as a baseline. These targets encompass all scopes of emissions, reflecting a comprehensive approach to sustainability. Over recent years, Zurich has demonstrated a commitment to reducing its carbon footprint, with total emissions decreasing from approximately 72,027,000 kg CO2e in 2020 to 60,066,000 kg CO2e in 2023. This reduction aligns with their strategic focus on sustainability and responsible business practices within the financial services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,285,000 | - | - | - | 00,000,000 | 00,000,000 |
| Scope 2 | 20,630,000 | - | - | - | 00,000 | 00,000 |
| Scope 3 | 132,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Zurich is committed to some reduction initiatives 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.
