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 GHG Emissions Data Preview

In 2024, Swiss Re 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).

Swiss Re has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Swiss Re’s Greenhouse Gas (GHG) Emissions Data

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a. Swiss Re's Sustainability Report 2024
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Insights into Swiss Re's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Swiss Re amounted to 9,166 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 Swiss Re increased by 6.22%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Swiss Re's Scope 1 Emissions Over Time

201820192020202120222023202401.5 k3 k4.5 k6 ktCO2e+27%-32%-22%+11%-32%0%
  • Total Scope 1
  • Year-over-Year Change

What are Swiss Re's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Swiss Re were 1,728 metric tons of CO₂ equivalent (tCO₂e). a

Has Swiss Re reduced its Scope 1 emissions over time?

Since 2018, Swiss Re's Scope 1 emissions have decreased by 48.51%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Swiss Re's Scope 1 emissions remained relatively stable, indicating that Swiss Re's emissions have plateaued with no significant change in its operational footprint. a

What are Swiss Re's Scope 2 emissions?

In 2024, Swiss Re reported Scope 2 greenhouse gas (GHG) emissions of 84 tCO₂e using the market-based method and 7,438 tCO₂e using the location-based method. a

Has Swiss Re reduced its Scope 2 emissions over time?

Since 2018, Swiss Re's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 36.36%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Swiss Re's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Swiss Re 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Swiss Re use for Scope 2 reporting?

In 2024, Swiss Re reported its Scope 2 emissions using the market-based method and using the location-based method. a

Swiss Re's Scope 2 Emissions Over Time

201820192020202120222023202403 k6 k9 k12 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Swiss Re's Value Chain Emissions

In 2024, Swiss Re reported 148,967 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 Swiss Re includes a breakdown across 7 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

Swiss Re's Scope 3 Emissions Over Time

2018201920202021202220232024040 k80 k120 k160 ktCO2e+1%-79%-57%+1677%+6%0%
  • Total Scope 3
  • Year-over-Year Change

What are Swiss Re's Scope 3 emissions?

In 2024, Swiss Re reported total Scope 3 emissions of 148,967 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 99.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.53% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Swiss Re reduced its Scope 3 emissions over time?

Since 2018, Swiss Re's Scope 3 emissions have increased by 71.08%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Swiss Re's Scope 3 emissions remained relatively stable, indicating that Swiss Re 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Swiss Re disclose?

In 2024, Swiss Re reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Swiss Re's Scope 3 emissions?

In 2024, the largest contributors to Swiss Re's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 110,068 tCO₂e (73.89%)
  • Business Travel (Cat. 6): 25,972 tCO₂e (17.43%)
  • Employee Commuting (Cat. 7): 8,408 tCO₂e (5.64%)

Swiss Re's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(73.9%)Employee Commuting(Cat. 7)(5.6%)Business Travel(Cat. 6)(17.4%)

Insights into Swiss Re's Total Carbon Footprint

In 2024, Swiss Re reported a total carbon footprint of 158,133 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.44% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Swiss Re's total carbon footprint was Scope 3 emissions, accounting for 94.2% of the company's total carbon footprint, followed by Scope 2 emissions at 4.7%. a

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