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.
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Climate change has long been on Swiss Re's agenda. The first publications on the topic were written as early as the 1970's. In 2019 we committed ourselves to a net-zero future by signing the "UN Business Ambition for 1.5 degrees" pledge, being a founding partner of the UN-convened "Net-Zero Asset Owner Alliance" and committing to reduce our own footprint to net-zero by 2030. In short, we are taking the first steps in the right direction, knowing that decarbonizing our business will be a long and challenging journey. The CDP (formerly "Carbon Disclosure Project") values these and our other efforts to mitigate climate risks and develop a low-carbon economy by adding us to their prestigious "A list" of companies. Swiss Re is one of a small number of high-performing companies out of the more than 5,800 companies that were scored. Last year we scored -A. "We are pleased to see that our efforts to create transparency on how we support mitigating climate risks and contribute to building-up a net-zero economy are being acknowledged. It is our ambition to continue on this journey ", says Reto Schnarwiler, Head Group Sustainability.
CDP runs a leading global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to -D rating based on the comprehensiveness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental leadership, such as setting and executing on ambitious and meaningful targets.
To learn more about Swiss Re's sustainability performance, have a look at the our Sustainability Report, which provides a comprehensive overview of our commitments, targets, activities and performance.