Mitigating climate risk and advancing the energy transition

The effects of climate change and global warming are already evident and shaking up our risk landscape: warmer average temperatures, rising sea levels, longer and more frequent heatwaves and more weather extremes. We continue to evolve our way of doing business towards a low-carbon economy in line with the Paris Agreement. Our key objectives are:

• We aim to become the leading re/insurance company on physical climate risk.
• We aim to become a leading provider of re/insurance solutions for low-carbon transition opportunities.
• We build partnerships to develop scalable solutions to mitigate and adapt to climate change.

Mitigating climate risk

You can read about a selection of our transactions addressing climate risk in our 2019 Sustainability Report:

• Transactions completed in the Americas
• Transactions completed in Asia-Pacific
• Our commitments

Earlier transactions

In recent years, we have helped develop numerous solutions that offer our clients protection against various natural catastrophe risks. Click on the links below to find out more:

• Designing a new type of insurance to protect the coral reefs, economies and the planet
• Provincial governments in the Philippines seal deal to strengthen country's disaster resilience, with Swiss Re's support
• Insurance payout helps herders save drought-stricken livestock in Kenya
• Successful Kenya Livestock Insurance Program scheme scales up
• Swiss Re introduces first parametric aquaculture insurance solution in Taiwan to protect 120,000 hectares of grouper fish ponds from extreme rainfall in Ping Tung
• Swiss Re signs MoU with City of Dalian during WEF China to strengthen disaster resilience
• First MiCRO natcat business interruption cover launched in Guatemala
• New Orleans celebrates one year of resilience building: Swiss Re and Veolia report progress on resilience and recovery solution
• Swiss Re reinsures biggest natural disaster insurance programmes in China
• Thai Rice Insurance Scheme scales up to cover 2 million rice farmers
• Swiss Re helps Florida prepare for the next big hurricane
• Swiss Re China protects cotton farmers' yields in cold weather: first programme launched

Advancing the energy transition

In our 2019 Sustainability Report you can read about two important offshore wind farm projects we were involved in in 2019:

• First offshore wind farm in France and expansion in Taiwan

Earlier highlights

In our Corporate Responsibility Reports of past years, you can read about further offshore wind farm projects we have supported:

• Nissum Bredning Vind Offshore Wind Farm and Trianel Windpark Borkum II
• Rentel and Merkur offshore wind farms
• Block Island and Gode Wind 1 & 2
• Dudgeon and Sandbank wind farms