The Greenhouse Neutral Programme

The Greenhouse Neutral Programme

Swiss Re has been fully greenhouse neutral since 2003. We have substantially reduced our CO2 emissions by switching to renewable energy at many of our locations and have been compensating all the remaining emissions.

In 2003, we started our ambitious Greenhouse Neutral Programme. It combined two commitments: to reduce our per-capita CO2 emissions by 15% until 2013 and to fully compensate the remaining emissions. To our knowledge, we were the first large financial services provider to have made such a pledge.

To reduce our emissions, we put a strong focus on switching to renewable energy at many of our largest locations, while continuing to optimise energy efficiency. We met our original 15% reduction goal during 2006 and immediately decided to double it to 30%. At the end of 2009, the total reduction in our per-capita CO2 emissions since 2003 was 48.4% – however this figure is likely to have been distorted by the strong decrease in business travel due to the difficult economic conditions in the first half of the year.

We compensated our remaining emissions for the whole period between 2003 and 2008 by buying and retiring voluntary emission reduction certificates (VERs) for 290 000 tonnes of CO2. For 2009, we have retired VERs for a further 60 000 tonnes of CO2.

The calculation of our emissions is conducted in line with the Greenhouse Gas Protocol and is verified by PricewaterhouseCoopers. We disclose the figures both in our Annual Report and the Corporate Responsibility Report.


Corporate responsibility

Corporate responsibility

We have a long-standing commitment to corporate responsibility and strive to implement this across our business. Our performance has received high ratings from independent third-party organisations.

Read the whole story

Zurich University of the Arts...

Zurich University of the Arts (ZHdK) is one of Europe’s largest arts universities comprising 2’500 students. The university offers degree and research programmes in Design, Film, Fine Arts, Music, Dance,...

Read the whole story