Swiss Re to build solar power plant for Americas' headquarters
At the beginning of Climate Week NYC, Swiss Re announces concrete plans to further reduce the carbon footprint of its US-based operations.
Swiss Re plans to build and operate its own solar power plant at the company's US headquarters in Armonk, New York. Construction of the 2MW facility will begin in October 2016. It should be running by late spring 2017.
The power plant will occupy approximately 10 acres of land at Swiss Re's own premises. It is expected to generate 60% of the power required by the over 700 employees working in Armonk office.
Eric Smith, President and CEO Swiss Re Americas, said: "We're delighted to be taking this crucial step to make our operations in North America carbon-neutral in a way that also improves our bottom line. In the context of Swiss Re's extensive engagement in mitigating climate change, this is just another example of how we keep our commitments."
Swiss Re aims to lead by example and wants to contribute to a greater societal impact in addressing the issue of climate change. It encourages other corporations across the globe to minimise their environmental footprint. The company is a founding member of the RE100 initiative, which now unites the world’s largest companies in a shared commitment to use 100% renewable power.
Amy Davidsen, North America Executive Director at The Climate Group, said: “By generating its own solar power, Swiss Re will reduce its energy costs while increasing security of supply, and demonstrate its commitment is as strong now as when we launched RE100 two years ago. We need more companies to follow this leadership and seize the opportunity of going 100% renewable.”
Swiss Re to continue investing in own solar power at other locations
Swiss Re continuously seeks ways to reduce carbon emissions from its own operations. Vincent Eckert, Head Internal Environmental Management at Swiss Re, comments on the priorities in this area: "We do a lot to ensure efficient use of energy in our offices, and also to reduce energy consumption in general. At the same time, we build and operate our own clean power facilities."
Solar energy facilities have been installed at Swiss Re offices in Switzerland, Italy and the UK. Swiss Re will continue building solar power plants in other locations across Asia.
Already over 84% of the power Swiss Re consumes comes from renewable sources.
In those locations where sourcing enough green power is not possible, we buy carbon offsets for the remaining unavoidable carbon emissions. Our progress on this and other sustainable measures is updated annually in the Corporate Responsibility Report.
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