Zurich Insurance Group AG
Zurich Insurance Group Energy Data Preview
In 2023, Zurich Insurance Group disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Zurich Insurance Group also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Zurich Insurance Group also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Zurich Insurance Group also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Zurich Insurance Group's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Zurich Insurance Group's Energy Renewability
In 2023, Zurich Insurance Group consumed a total of 504,518.4 Gigajoules of energy across its operations. Of this total, 40.6% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 59.4% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Zurich Insurance Group's Energy Renewability Rate
How much of Zurich Insurance Group's energy consumed is renewable?
In 2023, Zurich Insurance Group consumed a total of 504,518.4 Gigajoules of energy, of which 40.6% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This moderate level of renewable energy adoption indicates that Zurich Insurance Group is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.
Are Zurich Insurance Group's energy practices becoming more sustainable?
Since 2019, Zurich Insurance Group's total energy consumption decreased by 33.46%, including a further 6.58% drop in 2023, highlighting a continued decline in energy use.
Over the same period, the share of renewable energy in Zurich Insurance Group's consumption increased by 83.57%, including a 1.38% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Zurich Insurance Group has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.
Zurich Insurance Group's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Zurich Insurance Group's Energy Consumption & Production Mix
In 2023, Zurich Insurance Group disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Zurich Insurance Group's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Zurich Insurance Group's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Zurich Insurance Group's energy consumption?
In 2023, Zurich Insurance Group's total energy consumption was primarily sourced from
- Diesel, Gasoline (Petrol) and Jet Fuel (ATF) (43.64%)
- Electricity (Unspecified Source) (40.24%)
- Natural Gas (7.87%)
How diverse is Zurich Insurance Group’s energy consumption mix?
In 2023, Zurich Insurance Group consumed energy from 8 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.
What are the main sources or generation technologies used by Zurich Insurance Group to produce energy?
In 2023, Zurich Insurance Group's energy production came primarily from
- Natural Gas (90.97%)
- Solar Energy (3.5%)
- Other Oil Products (3.31%)
How diverse is Zurich Insurance Group’s energy production mix?
In 2023, Zurich Insurance Group produced energy using 4 different sources or generation technologies. The energy production mix is highly concentrated, with Natural Gas alone making up 90.97% of total output.
Zurich Insurance Group's Energy Produced by Sources and Technologies
Insights into Zurich Insurance Group's Energy Inflows & Self-Sufficiency
In 2023, Zurich Insurance Group reported total energy inflows of 284,342.4 Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 240,699.6 Gigajoules purchased from external suppliers and 43,642.8 Gigajoules generated through internal production. This corresponds to a production share of 15.35%, reflecting a 144.94% percentage point decrease from the previous year (2022) and a 138.54% percentage point increase since 2019.
Despite a recent dip in the production share, Zurich Insurance Group has significantly increased its reliance on internally generated energy over the long term. The short-term decline may be due to temporary disruptions, shifts in output demand, or adjustments in procurement strategy, rather than a reversal of its overall trend.
Zurich Insurance Group's Energy Purchased vs Produced Over Time
- Total Energy Produced
- Total Energy Purchased