![]() ![]() In 2021 we partnered with carbon removal leader Climeworks, signing the world’s first long-term purchase agreement for direct air capture and storage, worth USD 10 million over ten years.To fund these carbon removal projects, we are pioneering in setting a meaningful real internal carbon levy of USD 100 to USD 200 per tonne of CO2 – the first triple-digit amount set by a multinational company on both direct and indirect emissions (such as business travel). An internal carbon price at this level also helps incentivizing emission reductions in the first place."Removing the rest" means we support carbon removal projects to compensate any emissions we cannot yet avoid. We have set ourselves the company-wide target of reducing our flight emissions by at least 50% in 2022, relative to the pre-COVID level of 2018.Under our CO2NetZero Programme, a special focus lies on our air travel emissions, which are currently responsible for two thirds of our operational carbon footprint.Since 2003, we have already managed to cut our emissions per employee by more than half."Doing our best" means we double down on our efforts to avoid and reduce emissions. To achieve net-zero emissions in our operations by 2030, we " do our best, remove the rest": Swiss Re has committed to net-zero greenhouse gas emissions by 2030 in our own operations, and by 2050 in our underwriting and investment portfolios. Our vision of making the world more resilient cannot be realised without sustainability principles. We hope you will join us at this important event that will scale up and speed up the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies on a healthy planet.įor Swiss Re as a global re/insurer, sustainability is a strategic and long-term value driver. The UN’s Decade of Action offers an unprecedented opportunity to shape a sustainable future for both present and future generations. The event will be livestreamed and connect participants worldwide. CEOs, Chief Underwriting Officers, Chief Risk Officers), insurance supervisory and regulatory authorities, UN officials, civil society organisations and other key stakeholders at the Swiss Re Centre for Global Dialogue. We will be convening about 100 senior representatives from the insurance industry (e.g. In-person participation is by invitation only. The event will also feature PSI initiatives supporting the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and relevant to emerging frameworks such as the Task Force on Nature-related Financial Disclosures (TNFD). Pioneering PSI initiatives such as the Net-Zero Insurance Alliance, the Sustainable Insurance Facility of the Vulnerable Twenty Group of Finance Ministers (V20), championing nature-positive insurance, and setting the global sustainability agenda for life & health insurers in a post-COVID world will play a central role at the event. ![]() The event will also look forward to how the PSI can amplify sustainable insurance during this UN Decade of Action to cut greenhouse gas emissions in half, reverse nature loss, and achieve the UN Sustainable Development Goals based on the principle of “leaving no one behind”-all by 2030. From just a small group, more than 200 organisations have now joined the PSI, including insurers representing about one-third of world premium and USD 15 trillion in assets under management. This special event will look back at how the Principles for Sustainable Insurance (PSI) initiative has shaped the sustainable insurance agenda for the last 10 years, since it was launched at the 2012 UN Conference on Sustainable Development in Rio de Janeiro with the endorsement of the UN Secretary-General and insurance industry CEOs. ![]()
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