Swiss Re is recognised for its leadership on climate change

Businesses play a key role in reducing carbon emissions and curbing climate change. Every year, companies at the forefront of this important effort are recognized by the Carbon Disclosure Programme (CDP), the world's preeminent reporting system tracking climate performance. This year, Swiss Re took one of the most prestigious positions.

In 2013, Swiss Re appeared in CDP’s Global 500 Climate Performance Leadership Index (CPLI). Achieving this ranking is no small feat as only the top global performers are accorded CDLI membership.

The achievement was recently announced in the CDP Global 500 Climate Change Report 2013, which tracks how the world’s largest listed companies are responding to a changing climate. The insurance industry has an important role because risk transfer and risk management are vital to encourage investment in clean technology and manage the financial impacts of severe weather.

"Swiss Re continually strives to minimise its carbon footprint and promote appropriate action to address and prepare for climate change," says Mark Way, Swiss Re's Head of Sustainability in the Americas. "We are delighted that our work has been recognised by the inclusion of Swiss Re in the Climate Performance Leadership Index 2013."

At the request of 722 investors representing USD 87 trillion in assets, Swiss Re took part in CDP’s investor survey on climate change, a programme designed to increase awareness of how to achieve efficiencies, realise monetary savings and capitalise on commercial opportunities from the management of energy, carbon emissions and climate change.

Achieving an ‘A band’ for climate performance is a prerequisite for a position on the CPLI, which is based on a number of criteria associated with measuring, verifying and managing carbon footprints.  56 Global 500 companies feature in the 2013 CPLI. Performance bands awarded by CDP provide an evaluation tool for institutional investors and stakeholders tracking corporate efforts to mitigate climate change.

Published October 1, 2013

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