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 49 is higher than 97% 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, with Scope 1 and 2 emissions accounting for about 19,807,000 kg CO2e and Scope 3 emissions at approximately 40,259,000 kg CO2e. This marks a significant commitment to reducing their carbon footprint, as the company aims for net-zero operational emissions by 2030, accelerating its previous target of 2050. Zurich has set ambitious near-term reduction targets, aiming for a 60% reduction in carbon dioxide emissions by 2025 compared to a 2022 baseline, and a 70% reduction by 2029. These targets encompass all scopes of emissions, reflecting a comprehensive approach to sustainability. Over the past few years, Zurich's emissions have shown a downward trend, with total emissions decreasing from approximately 72,027,000 kg CO2e in 2020 to the current figure in 2023. This reduction aligns with their strategic initiatives to enhance operational efficiency and invest in sustainable practices. As a financial institution based in Switzerland, Zurich is committed to addressing climate change and supporting the transition to a low-carbon economy, demonstrating leadership in the insurance sector's response to environmental challenges.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| Scope 3 | 132,515,000 | 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.
