COP27: Race to resilience

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COP27: Race to resilience

We welcome the hosting of COP27 by Egypt and the African leadership on climate action, adaptation, resilience and a just transition.

The global impact on food and energy prices, notably due to the war in Ukraine, continues to hurt households, businesses, and economies worldwide. The crisis is a stark reminder of the fragile nature of the current energy and food system.

Leaders at COP27 have the chance to make this conference a historic turning point towards a cleaner, more affordable, and secure energy and food system. We therefore welcome the hosting of COP27 by Egypt and the African leadership on climate action, adaptation, resilience and a just transition.

Our desire is to work side-by-side with governments to scale up public-private efforts in the push to net-zero. At COP27 there is an opportunity to make that move from pledges to action as world leaders, government officials and representatives of the NGO community all gather to accelerate action on climate. Swiss Re is a part of this massive effort through its co-chair of the WEF Alliance CEO Climate Leaders and by pursuing its mission to help build societal resilience.

COP27: Journey map View the highlights of our journey

'The journey not the destination matters'  said TS Eliot, and in our case both mattered as we took the slow route to COP27 to hear the stories of our clients en route and to help accelerate public/private sector action on climate at the conference.​

Jesper Brodin, CEO Ingka Group (IKEA) and Christian Mumenthaler, CEO Swiss Re Group highlight their messages before COP27 in the #RaceToResilience.

The Alliance policy letter

Climate Resilience in Uganda

Munya Daka joins us in Zurich to tell Mario Wilhelm, Head Swiss Re Public Sector Solutions Middle East and Africa about a partnership that helped build climate resilience for 250,000 farmers in Uganda.

Milan at Pirelli

Swiss Re Corporate Solutions client Pirelli is celebrating its 150 year anniversary. We hear from Head Sustainability Matteo Battaini and Head Micromobility Solutions Francesco Bruno on the ongoing work at Pirelli to transition to a greener future.

Genoa: MSC – part of the shipping industry's transition

The next stop on our journey to COP27 is the port of Genoa to meet Michele Francioni of the Mediterranean Shipping Company. Shipping is a big emitter, representing about 4% of global emissions and the sector is well aware of its responsibility to transition to NetZero. It's a multi-stakeholder task and we learn a little about the complexities involved and how the re/insurance industry can help.

Naples: Antonio Grasso on digitalisation

Antonio Grasso, entrepreneur, technologist & author shares his view on the power of digitalisation in risk prevention and mitigation. Hear how technology can help citizens to act proactively in the transition to a more resilient world, and what his hopes are for a more collective approach to leadership at COP27.

Cairo, Egypt: Suez Canal Insurance

As we get closer to our destination, we arrive in Egypt's capital Cairo, and hear from Swiss Re client Moushira Mamooun, Head of the Engineering, Oil, Gas and Special Risks Sector at Suez Canal Insurance. She explains how Swiss Re and Suez Canal Insurance are working together to support Egypt's transition to NetZero.

The Hemayet Lead project

Supported by Women's World Banking with re/insurance partners from AXA Egypt and Swiss Re, the Hemayet Lead project is a great example of how we're helping society become more resilient in Egypt.

 

Our climate commitment

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)

Read recent blogs on climate change

Swiss Re at COP 26

– a review of our presence in Glasgow