Swiss Re offers rebate to climate conscious employees

4 January 2007

Swiss Re has announced that it is offering a rebate of up to CHF 5000 ($4058) to each of its employees who commit to reducing her or his personal carbon footprint. The "COyou2 reduce and gain" programme supports employees' investments in measures that contribute to reducing greenhouse gas emissions, particularly in relation to mobility, heating and electrical energy. Such measures, which vary according to regional circumstances and preferences, include low-emission hybrid cars, use of public transport, and the installation of solar panels or heat pumps.

The world's largest reinsurer, Swiss Re has committed significant expertise and financial resources over recent years to promote research and better understanding of climate change. The company has already set up its own initiatives to reduce {CO2} emissions, declaring in 2003 that it would make its operations carbon neutral by 2013. Now, as part of the Clinton Global Initiative, Swiss Re has decided to support measures taken by its employees that contribute to the reduction of {CO2} emissions.

According to Ivo Menzinger, Head of Sustainability & Emerging Risk Management, who is in charge of the "COYou2 reduce and gain" programme, "Swiss Re is actively engaged in mitigating climate change and its consequences. This programme is an investment that will encourage our employees to make a personal contribution and further raises awareness of the issue."

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