Swiss Re

Company Details

Company Name: Swiss Re
No. of Employees: 11 560 (2008)
Revenue: CHF 25.5 Billion (16.6 billion GBP) (Premiums Earned)
Sector: Finance
Country: Switzerland

Emissions Details

Scope 1 Emissions: 6,653 CO2-e metric tonnes (2008)
Scope 2 Emissions: 21,434 CO2-e metric tonnes (2008)
Scope 3 Emissions: 28,843 CO2-e metric tonnes (2008)

Notes on Emissions

28.4% reduction in emissions from 2003 to 2008, (30.2% reduction in emission intensity per employee)

Emissions have not been verified

Climate Change Strategy Details

Swiss Re has been a carbon neutral company since October 2003. Based on 2007 results, it was decided to strengthen the carbon emissions reduction goal - the aim is now to reduce carbon emissions by 30% per employee (previously the goal was 25%) by October 2013 and offset the remaining emissions on an annual basis.

More Information

More on Swiss Re

Swiss Re is a major global reinsurer committed to taking a leading role in the climate debate. They are focused on sustainable and profitable growth, on the efficient use of capital and on close and mutually rewarding client relationships. There are organized around three core business functions to deliver this - Client Markets, Products and Asset Management.

Swiss Re identified climate change as an emerging risk twenty years ago, and since then it has remained an important component of the company's long-term risk management strategy. Swiss Re is focused on the following key areas:

advancing our knowledge and understanding of climate change risks, quantifying and integrating them into our risk management and underwriting frameworks where relevant;
developing products and services to mitigate - or adapt to - climate risk;
raising awareness about climate change risks through risk dialogue with clients, employees and the public, and advocacy of a worldwide policy framework for climate change;
tackling our own carbon footprint and ensuring transparent, annual emissions reporting.

They regularly produce research publications such as their recent Economics of Climate Adaptation report to help their stakeholders understand the risks and opportunities posed by climate change.

Swiss Re has also adopted the Climate Principles and is working with The Climate Group and other leading financial institutions to implement the commitments outlined in the principles.

Further information can be found at the following websites:

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