Swiss Re
Swiss Re, officially known as Swiss Reinsurance Company Ltd, 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 insurance and reinsurance industry, with a strong presence across Europe, North America, and Asia-Pacific. The company specialises in providing innovative risk transfer solutions, including life and health reinsurance, property and casualty reinsurance, and insurance-based risk management services. Swiss Re is renowned for its advanced analytical capabilities and commitment to sustainability, setting it apart in a competitive market. With a rich history marked by significant milestones, Swiss Re has consistently maintained a strong market position, recognised for its financial strength and expertise. Its dedication to developing unique products and services has solidified its reputation as a trusted partner in managing complex risks globally.
DitchCarbon Score
How does Swiss Re'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 Re's score of 69 is higher than 99% 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 Re's reported carbon emissions
In 2024, Swiss Re reported total carbon emissions of approximately 151,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 149,000,000 kg CO2e. Scope 1 emissions were approximately 1,728,000 kg CO2e, while Scope 2 emissions totalled about 84,000 kg CO2e. In comparison, 2023 emissions were slightly lower, with Scope 1 at about 1,726,000 kg CO2e, Scope 2 at approximately 57,000 kg CO2e, and Scope 3 remaining constant at about 149,000,000 kg CO2e. Swiss Re has set ambitious targets to reduce its carbon footprint. The company aims to achieve a 53% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2030, using 2018 as the base year. Additionally, Swiss Re is committed to reaching net-zero GHG emissions across all scopes by 2050. This commitment aligns with their broader sustainability strategy, which includes a target to minimise operational CO2 emissions to net zero by 2030. The company has also set a target to reduce CO2 emissions from air travel by 30% relative to 2018 levels, demonstrating a proactive approach to managing its environmental impact. Overall, Swiss Re's climate commitments reflect a strong dedication to sustainability and reducing greenhouse gas emissions in the financial services sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,356,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,359,000 | 000,000 | 0,000,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 87,072,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Swiss Re 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.
