Swiss Re announces ambitious climate targets; accelerates race to net zero

• Swiss Re announces ambitious carbon reduction target for its investment portfolio of 35% by 2025
• The Group moves ahead with full phase-out of thermal coal; new exit strategy in treaty re/insurance by 2030 (OECD) and 2040 (rest of the world)
• As first multinational company, Swiss Re introduces a triple-digit real internal carbon levy for own operations

Swiss Re today announced new measures to support the transition to a net-zero economy, encompassing both asset management and underwriting as well as its own operations.

Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero
emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the transition towards net zero.“

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