Stories

In this section we present information on important developments regarding sustainability at Swiss Re.

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Swiss Re and Climeworks launch partnership by signing world’s first ten-year carbon removal purchase agreement

Swiss Re and Climeworks, a leading specialist in carbon dioxide air capture technology, are partnering to combat climate change. The partners signed the world’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth USD 10 million over ten years. For Swiss Re, the collaboration marks a milestone towards its goal of reaching net-zero emissions in its own operations by 2030.

Read the full article here.

Swiss Re's roadmap to a net-zero investment portfolio

The current climate crisis requires all hands on deck. Institutional, long-term investors have an important role to play in achieving the net-zero emissions target and can have an amplifying impact with their substantial collective asset base. By outlining the latest considerations on our way to reducing greenhouse gas emissions and financing the transition to a low-carbon economy, we aim to help accelerate the collaboration needed to achieve a 1.5°C world.

Read the full article here.

Swiss Re co-founds Net-zero Insurance Alliance

As a signatory to the Paris Pledge for Action and the UN Global Compact Business Ambition for 1.5°C, as well as a co-founder of the UN-convened Net-Zero Asset Owner Alliance (AOA) Swiss Re is supporting the transition to a low carbon economy and is committed to achieving net-zero emissions on the asset and liability side by 2050 and on the operations side by 2030.

Read the full article here.

The insurance rationale for carbon removal solutions

To limit global warming to 2015 Paris Accord levels, the world's net emissions of greenhouse gases need to drop to zero by 2050. A new report published by Swiss Re Institute is the first appraisal of the carbon removal topic from an insurance perspective, and further cements Swiss Re's thought-leadership in the climate space.

Read the full article here.

Sustainability Report 2020

Our Sustainability Report 2020 describes our Group Sustainability Strategy and reviews the actions we have taken to implement it.

Read the full article here.

We are accelerating our race to net-zero

Our updated coal policy limits coal exposures in treaties and schedules a total phase-out of thermal coal related re/insurance and investments in OECD countries by 2030, and in the rest of the world by 2040.

Read the full article here.

Swiss Re secures prestigious A rating from CDP for tackling climate change

CDP recognises Swiss Re for its actions in cutting emissions, mitigating climate risks and supporting development towards a low-carbon economy.

Read the whole story here.

Swiss Re ranks among top five sustainability leaders in the insurance industry

Dow Jones Sustainability Indices rank Swiss Re fifth in the re/insurance industry in 2020 and leading reinsurer.

Read the full article here.

We are speeding up our journey to net-zero emissions by introducing a triple-digit real carbon price

Last year, we committed ourselves to achieving net-zero emissions in our operations as early as 2030 and are now taking important next steps: Starting in January 2021, we will increase our internal carbon price from USD 8 to USD 100 per tonne of CO2, and have committed to reducing emissions from air travel by 30% in 2021, relative to the 2018 benchmark.

Learn more about these measures and watch a video explaining the concept of net-zero emissions here.

Swiss Re's Asset Management has last year’s excellent PRI assessment result confirmed

Swiss Re has once again been recognised by the United Nations' Principles for Responsible Investment for its accomplishments in the field of responsible investing.

Read the full article here.

CRO Forum publication on "Carbon footprinting methodology for underwriting portfolios"

On the journey towards decarbonising our business model, measuring the carbon footprint of our liabilities and assets is a key requirement. In an industry-wide effort we have helped produce a CRO Forum report discussing different carbon footprinting methodologies that re/insurers may apply to their underwriting portfolios.

Read the full article and get access to the report here.

Nature matters

Sustainability is more than tackling climate change or deploying renewable energy. While dealing with the climate crisis is one defining challenge of the century, stopping biodiversity loss and the decline of natural ecosystem services is another. Natural World Heritage Sites (WHS) are a good place to foster protection, as measuring and managing our socio-economic footprint in World Heritage Sites helps us to learn from our experience and apply this to areas outside WHS.

Read the full article here.

Net-zero emissions: do our best, remove the rest

In 2019, we made three interlinked commitments to reach net-zero emissions across the whole company. With this comprehensive set of commitments we are dedicated to fully decarbonise our business model in line with climate science and the Paris Agreement.

To explain the concept of net-zero emissions, we have produced a video.

Go to the full article and watch the video here.

Publication "Sustainable Business Risk Framework"

Our Sustainable Business Risk Framework is an advanced risk management instrument specifically designed to identify, assess and tackle potentially negative effects of our transactions on local communities, workforces and the environment.

Through this updated publication we seek to inform our stakeholders and partners on how we apply the Framework in practice, and hope to encourage the further adoption of sustainable business practices throughout the re/insurance industry.

Go the full article here

2019 Sustainability Report

Our 2019 Sustainability Report introduces our enhanced Group Sustainability Strategy and describes the actions we have taken to accelerate sustainable progress.

Read the full article here.