Renaissancere Holdings Ltd

Common Name
Renaissancere Holdings
Country
Bermuda
Sector
Financial Services
Industry
Insurance - Reinsurance
Employees
945
Ticker
RNR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Renaissancere Holdings Ltd. is a globally recognized provider in the reinsurance and insurance market. Primarily, it offers reinsurance solutions, including property catastrophe and specialty reinsura...

Renaissancere Holdings's GHG Emissions Data Preview

In 2023, Renaissancere Holdings 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).

However, Renaissancere Holdings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Renaissancere Holdings's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Renaissancere Holdings amounted to 1,313 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Renaissancere Holdings decreased by 18.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Renaissancere Holdings's Scope 1 Emissions Over Time

201920202021202220230255075100tCO2e+43%+6%-33%+44%
  • Total Scope 1
  • Year-over-Year Change

What are Renaissancere Holdings's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Renaissancere Holdings were 79 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Renaissancere Holdings reduced its Scope 1 emissions over time?

Since 2019, Renaissancere Holdings's Scope 1 emissions have increased by 46.3%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Renaissancere Holdings's Scope 1 emissions increased by 43.64%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Renaissancere Holdings's Scope 2 emissions?

In 2023, Renaissancere Holdings reported Scope 2 greenhouse gas (GHG) emissions of 1,443 tCOâ‚‚e using the market-based method, and 1,234 tCOâ‚‚e using the location-based method.

Has Renaissancere Holdings reduced its Scope 2 emissions over time?

Since 2019, Renaissancere Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 32.68%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Renaissancere Holdings's Scope 2 emissions (Location-Based) fell by 20.34% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Renaissancere Holdings use for Scope 2 reporting?

In 2023, Renaissancere Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.

Renaissancere Holdings's Scope 2 Emissions Over Time

2019202020212022202306501.3 k1.95 k2.6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Renaissancere Holdings's Value Chain Emissions

In 2023, Renaissancere Holdings reported 11,581 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Renaissancere Holdings includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Renaissancere Holdings's Scope 3 Emissions Over Time

2019202020212022202304.5 k9 k13.5 k18 ktCO2e-58%-43%+126%+31%
  • Total Scope 3
  • Year-over-Year Change

What are Renaissancere Holdings's Scope 3 emissions?

In 2023, Renaissancere Holdings reported total Scope 3 emissions of 11,581 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Renaissancere Holdings reduced its Scope 3 emissions over time?

Since 2019, Renaissancere Holdings's Scope 3 emissions have decreased by 29.22%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Renaissancere Holdings's Scope 3 emissions increased by 30.92%, suggesting that the company faced challenges in reducing emissions across its value chain.

Insights into Renaissancere Holdings's Total Carbon Footprint

In 2023, Renaissancere Holdings reported a total carbon footprint of 12,894 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.39% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Renaissancere Holdings's total carbon footprint was Scope 3 emissions, accounting for 89.82% of the company's total carbon footprint, followed by Scope 2 emissions at 9.57%.

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