In 2023, Zurich Insurance Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 1,941.232a | 2,373.23a | 3,908.515a | |
Total Waste Recovered | 1,096.804a | 1,503.369a | 2,394.615a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, Zurich Insurance Group generated a total of 1,941metric tonnes of waste.a
Of this amount, 56.5% of Zurich Insurance Group's total waste generated was recovered through methods such as recycling, reuse, or composting, while 43.5% was disposed of through landfilling, incineration, or combustion.a
In 2023, Zurich Insurance Group reported a total waste generation of 1,941 metric tonnes, of which 56.5% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Zurich Insurance Group is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2019, Zurich Insurance Group's total waste generation decreased by 69.97%, including a further 18.2% drop in 2023, highlighting a consistent and deliberate reduction in waste production over time.a
Over the same period, Zurich Insurance Group's waste recovery rate declined by 13.81%, with a further 10.81% drop in 2023, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies.a
Overall, while Zurich Insurance Group has successfully reduced its total waste generation, its waste recovery efforts have also declined. This pattern could suggest a shift in strategy away from circular treatment methods or a lag in recovery infrastructure development.