Zurich Insurance Group AG

Common Name
Zurich Insurance Group
Country
Switzerland
Sector
Financial Services
Industry
Insurance - Diversified
Employees
63,000
Ticker
ZURN
Exchange
SIX SWISS EXCHANGE
Description
Zurich Insurance Group AG is a global multiline insurance company, recognized as one of the world’s leading insurance groups. Its primary operations encompass three main segments: property and casualt...

Zurich Insurance Group's GHG Emissions Data Preview

In 2024, Zurich Insurance Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 3 (indirect emissions across the value chain).

Zurich Insurance Group has also provided a category-level breakdown for 5 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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b
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b
0000000
Total Scope 2
Market-Based
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b
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b
0000000
Location-Based
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b
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b
0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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b
0000000
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Verified Sources Behind Zurich Insurance Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Zurich Insurance Group’s data sources below and access millions more through our Disclosure Search.

a. Zurich Insurance Group's Annual Report 2024
a. Zurich Insurance Group's Annual Report 2024
b. Zurich Insurance Group's ESG Data Spreadsheet 2023
b. Zurich Insurance Group's ESG Data Spreadsheet 2023
c. Zurich Insurance Group's CDP Climate sourced from company’s website 2019
c. Zurich Insurance Group's CDP Climate sourced from company’s website 2019

Insights into Zurich Insurance Group's Operational Emissions

No operational GHG emissions data disclosed for Zurich Insurance Group in 2024.

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Zurich Insurance Group decreased by 100%, showing that the company has made progress in taking action to reduce the climate impact of its operations. b

Insights into Zurich Insurance Group's Value Chain Emissions

In 2024, Zurich Insurance Group reported 38,420 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 Zurich Insurance Group includes a breakdown across 5 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

Zurich Insurance Group's Scope 3 Emissions Over Time

2018201920202021202220232024035 k70 k105 k140 ktCO2e+88%-67%-38%+25%+19%-5%
  • Total Scope 3
  • Year-over-Year Change

What are Zurich Insurance Group's Scope 3 emissions?

In 2024, Zurich Insurance Group reported total Scope 3 emissions of 38,420 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Zurich Insurance Group reduced its Scope 3 emissions over time?

Since 2018, Zurich Insurance Group's Scope 3 emissions have decreased by 45.4%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

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

What categories of Scope 3 emissions does Zurich Insurance Group disclose?

In 2024, Zurich Insurance Group reported emissions for 5 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 Zurich Insurance Group's Scope 3 emissions?

In 2024, the largest contributors to Zurich Insurance Group's Scope 3 emissions were: a

  • Employee Commuting (Cat. 7): 16,647 tCO₂e (43.33%)
  • Business Travel (Cat. 6): 15,174 tCO₂e (39.49%)
  • Fuel- and Energy-Related Services (Cat. 3): 4,383 tCO₂e (11.41%)

Zurich Insurance Group's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(43.3%)Business Travel(Cat. 6)(39.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(11.4%)

Insights into Zurich Insurance Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Zurich Insurance Group reported Scope 1 greenhouse gas (GHG) emissions of 17,865 tCO₂e and total revenues of USD 56,410 millions. This translates into an emissions intensity of 0.32 tCO₂e per millions USD. b

Zurich Insurance Group's Scope 1 Emissions Intensity Compared to Peers

2202005,00050,000Scope 1 Emissions (tCO2e)502002,00020,000200,000Revenues (Millions of USD)Zuger KantonalbankYear: 2024Scope 1: 124 tCO2eRevenue: $M 357Scope 1 Intensity: 0.35 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MVontobel HoldingYear: 2024Scope 1: 308 tCO2eRevenue: $M 1,567Scope 1 Intensity: 0.20 tCO2e/$MCompagnie Financiere TraditionYear: 2023Scope 1: 367 tCO2eRevenue: $M 1,168Scope 1 Intensity: 0.31 tCO2e/$MPartners Group HoldingYear: 2024Scope 1: 467 tCO2eRevenue: $M 2,229Scope 1 Intensity: 0.21 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSwiss ReYear: 2024Scope 1: 1,728 tCO2eRevenue: $M 7,033Scope 1 Intensity: 0.25 tCO2e/$MBasler KantonalbankYear: 2024Scope 1: 286 tCO2eRevenue: $M 728Scope 1 Intensity: 0.39 tCO2e/$MJulius Baer GruppeYear: 2024Scope 1: 2,044 tCO2eRevenue: $M 4,303Scope 1 Intensity: 0.48 tCO2e/$MBanque Cantonale du ValaisYear: 2023Scope 1: 259 tCO2eRevenue: $M 343Scope 1 Intensity: 0.76 tCO2e/$MBerner KantonalbankYear: 2024Scope 1: 570 tCO2eRevenue: $M 621Scope 1 Intensity: 0.92 tCO2e/$MValiant HoldingYear: 2024Scope 1: 1,032 tCO2eRevenue: $M 612Scope 1 Intensity: 1.69 tCO2e/$MGraubuendner KantonalbankYear: 2024Scope 1: 187 tCO2eRevenue: $M 564Scope 1 Intensity: 0.33 tCO2e/$MUBS GroupYear: 2024Scope 1: 18,168 tCO2eRevenue: $M 36,563Scope 1 Intensity: 0.50 tCO2e/$MSt Galler KantonalbankYear: 2024Scope 1: 273 tCO2eRevenue: $M 619Scope 1 Intensity: 0.44 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MBanque Cantonale de GeneveYear: 2023Scope 1: 282 tCO2eRevenue: $M 712Scope 1 Intensity: 0.40 tCO2e/$MHelvetia HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MGlarner KantonalbankYear: 2024Scope 1: 46 tCO2eRevenue: $M 106Scope 1 Intensity: 0.43 tCO2e/$MThurgauer KantonalbankYear: 2024Scope 1: 210 tCO2eRevenue: $M 477Scope 1 Intensity: 0.44 tCO2e/$MChubbYear: 2023Scope 1: 23,017 tCO2eRevenue: $M 49,831Scope 1 Intensity: 0.46 tCO2e/$MLeonteqYear: 2024Scope 1: 2 tCO2eRevenue: $M 236Scope 1 Intensity: 0.01 tCO2e/$MZurich Insurance GroupYear: 2023Scope 1: 17,865 tCO2eRevenue: $M 56,410Scope 1 Intensity: 0.32 tCO2e/$M

How does Zurich Insurance Group's GHG emissions intensity compare to its peers?

In 2023, Zurich Insurance Group reported a Scope 1 emissions intensity of 0.32 tCO₂e per millions USD. Compared to the peer group median of 0.41 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. b

Where does Zurich Insurance Group rank on GHG emissions intensity within its industry?

In 2023, Zurich Insurance Group ranked 7 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). b

Zurich Insurance Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. b

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