Energy Efficiency Movement Participants

We are delighted to join the Energy Efficiency Movement and to collaborate with participants to help improve energy efficiency and mitigate climate change. The Swiss Re Group is committed to sustainability not just for our own operations but in how we insure our clients, invest and share our knowledge in a way that tackles sustainability challenges and helps fulfil our vision to make the world more resilient.

In 2019, we committed to reaching net-zero emissions in our own operations by 2030. In making this new commitment, we are building on the initiatives and achievements of our Greenhouse Neutral Programme  and, at the same time, taking our efforts to a new level of ambition.

The following selected milestones have marked Swiss Re’s journey to drive sustainable operations:

Achievements of our Greenhouse Neutral Programme:

• Cutting CO2 emissions
  Reduced our per-capita CO2 emissions (Scope 1, Scope 2 and parts of upstream Scope 3) by more than half between 2003 and 2019 (ie pre-COVID level)
• Carbon neutrality
  Compensated all remaining CO2 emissions from Scope 1, Scope 2 and parts of upstream Scope 3 (in particular business travel) since 2003
• Reducing energy intensity
  Reduced our energy intensity by almost 70% between 2003 and 2019 (ie pre-COVID level)
• Full switch to renewable power
  We are using 100% renewable power since 2020
• Carbon-cutting subsidies for our employees
  Through our COyou2 Programme, which ran from 2007 to 2020, granted more than 33 000 subsidies to our employees for emissions-cutting investments
• Driving sustainability in our supply chain
  Completed an ESG assessment of all our Tier 1 and Tier 2 vendors and started an improvement dialogue

Our CO2NetZero Programme , launched in 2021, informs Swiss Re’s overall approach to net-zero emissions in our operations, which is encapsulated in our motto “Do our best, remove the rest”:

• Do our best, …: We are reinforcing our efforts to reduce the CO2 emissions caused by our own operations.
• … remove the rest: We are moving from high-quality carbon avoidance certificates to carbon removal certificates to compensate any remaining emissions. As the carbon removal market is still in its infancy, we are keen to catalyse its development through our early engagement

For more information about our sustainability ambitions, please visit https://www.swissre.com/sustainability.html or read our sustainability annual report.