In 2024, Reinsurance Group of America completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Reinsurance Group of America has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 422a | 336a | 603a | |
Total Scope 2 | ||||
Market-Based | 9,581a | 8,825a | N/A | |
Location-Based | 9,478a | 8,735a | 7,829a | |
Total Scope 3 | 12,587a | 11,235a | 4,596a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0191a | 0.0183a | 0.038a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Reinsurance Group of America amounted to 9,900 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Reinsurance Group of America increased by 9.14%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Reinsurance Group of America were 422 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Reinsurance Group of America's Scope 1 emissions have decreased by 35.67%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Reinsurance Group of America's Scope 1 emissions increased by 25.6%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Reinsurance Group of America reported Scope 2 greenhouse gas (GHG) emissions of 9,581 tCO₂e using the market-based method and 9,478 tCO₂e using the location-based method.a
Since 2019, Reinsurance Group of America's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 32.32%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Reinsurance Group of America's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Reinsurance Group of America's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Reinsurance Group of America reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Reinsurance Group of America reported 12,587 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Reinsurance Group of America includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Reinsurance Group of America reported total Scope 3 emissions of 12,587 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Reinsurance Group of America's Scope 3 emissions have increased by 65.16%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Reinsurance Group of America's Scope 3 emissions increased by 12.03%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Reinsurance Group of America reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Reinsurance Group of America's Scope 3 emissions were:a
In 2024, Reinsurance Group of America reported Scope 1 greenhouse gas (GHG) emissions of 422 tCO₂e and total revenues of USD 22,094 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD.a
In 2024, Reinsurance Group of America reported a Scope 1 emissions intensity of 0.02 tCO₂e per millions USD. Compared to the peer group median of 0.25, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Reinsurance Group of America ranked 2 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Reinsurance Group of America among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Reinsurance Group of America reported a total carbon footprint of 22,487 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.74% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Reinsurance Group of America's total carbon footprint was Scope 3 emissions, accounting for 55.97% of the company's total carbon footprint, followed by Scope 2 emissions at 42.15%.a