Swiss Re AG

Common Name
Swiss Re
Country
Switzerland
Sector
Financial Services
Industry
Insurance - Reinsurance
Employees
15,059
Ticker
SREN
Exchange
SIX SWISS EXCHANGE
Description
Swiss Re AG is a global reinsurance company recognized as one of the foremost providers of reinsurance and related insurance-based risk transfer solutions worldwide. Headquartered in Zürich, Switzerla...

Swiss Re's Climate Target Data Preview

As of 2024, Swiss Re has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Swiss Re ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target*
Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2026
Absolute-based Target*
Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2027
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2029
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Weighted Average Carbon Intensity / Portfolio Companies (WACI)
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a
2029
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Swiss Re’s Climate Targets Data

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a. Swiss Re's Sustainability Report 2024
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Insights into Swiss Re's Greenhouse Gas Emissions Pathways

As of 2024, Swiss Re has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Swiss Re have a target to reduce the emissions from its operations?

As of 2024, Swiss Re has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Swiss Re's most ambitious operational target is to reduce these emissions by 53% by 2030, compared to a baseline of 3,356 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018. a

As of 2024, Swiss Re is ahead of schedule on its operational emissions reduction target, having achieved 91.53% of the planned reduction. a

Swiss Re's Operational (Scope 1+2) Emissions Pathway

20182024203008501.7 k2.55 k3.4 kBaselineCurrent (-49%)

Does Swiss Re have a target to reduce the emissions from its value chain?

As of 2024, Swiss Re has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Swiss Re's most ambitious value chain target is to reduce these emissions by 60% by 2027, compared to a baseline of 69,653 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018. a

Swiss Re has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2027 value, achieving its climate goal ahead of schedule. a

Swiss Re's Value Chain (Scope 3) Emissions Pathway

20182024202520262027020 k40 k60 k80 kBaselineCurrent (-63%)
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