Greenhouse Neutral Programme – second phase

In 2013, we launched a new, seven-year phase of our Greenhouse Neutral Programme. It includes commitments to maintain the current level of our CO2 emissions and to compensate emissions from an extended set of sources.

When the first phase of our Greenhouse Neutral Programme ended in 2013, we made a new, seven-year commitment until 2020. After halving our CO2 emissions per employee between 2003 and 2013, the potential for further reductions is much smaller though. Our goal over the seven years is therefore to maintain the level of emissions reached at the end of 2013 – an ambitious goal given our growth strategy in emerging markets. In 2014, total CO2 emissions increased by 1.2% per employee (full-time equivalent), mainly due to a rise in business travel.

Extended emissions scope

The Greenhouse Gas Protocol (GHG), the most widely used tool for emissions accounting and reporting, defines three scopes that can be used:

  • Scope 1: Direct emissions from own sources
  • Scope 2: Indirect emissions from purchasing electricity
  • Scope 3: Emissions from other activities along the value chain

During the first phase of our Greenhouse Neutral Programme, we reported on our Scope 1 and Scope 2 emissions (heating and power consumption, respectively) as well as a major source of Scope 3 emissions (business travel).

For the second phase of our Greenhouse Neutral Programme, we have extended the scope of our emissions accounting and reporting: this will now include further Scope 3 emissions, ie those caused by employee commuting, use of copy paper, waste disposal, use of water and technical gases. With the exception of commuting, we have committed to compensating these emissions, as well.

Key elements of the Greenhouse Neutral Programme – phase 2

  • Maintain emissions reductions we achieved over the last ten years regarding power consumption, heating and business travel;
  • Fully offset the remaining emissions from the three former sources and four new sources;
  • Explore further potential to reduce our energy intensity (power consumption and heating).

  • 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.

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    A leader in sustainability

    Swiss Re was insurance industry sector leader in the 2016 Dow Jones Sustainability Indices (DJSI) for the third consecutive year and the tenth time since 2004.

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