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 disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Energy Consumption | 598,414a | 643,792a | 643,774a | |
Non-Renewable Energy Consumption | 299,671a | 323,752a | 389,167a | |
Renewable Energy Consumption | 298,742a | 320,040a | 254,603a | |
Renewable Energy Production | 1,526a | 3,683a | 418a |
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In 2023, Zurich Insurance Group consumed a total of 598,413.6 Gigajoules of energy across its operations. Of this total, 49.92% 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 50.08% 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.a
In 2023, Zurich Insurance Group consumed a total of 598,413.6 Gigajoules of energy, of which 49.92% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
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.
Since 2019, Zurich Insurance Group's total energy consumption decreased by 30.66%, including a further 7.05% drop in 2023, highlighting a continued decline in energy use.a
Over the same period, the share of renewable energy increased by 99.65%, while holding steady in 2023, indicating past gains that have recently stabilized.a
Overall, Zurich Insurance Group’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.