In this section we present information on important developments regarding sustainability at Swiss Re.
Open the tabs below to find out more:
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
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.
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.
The report provides a detailed description of the main ambitions of this strategy and provides an overview of the nine Sustainability Topics we address, their main links to the Sustainable Development Goals, the internal targets we have set for them and what we achieved during the reporting year.
Read the full article here.