Swiss Re's Climate Transition Plan

At Swiss Re, we aim to decarbonise our business and have committed to achieving net-zero GHG emissions across our business by 2050.

In line with the Swiss Ordinance on Climate Disclosures, which entered into effect in 2024, we developed the Climate Transition Plan, which will be voted on as part of the Sustainability Report 2024 at the AGM in April 2025.

The Climate Transition Plan outlines our company’s transition approach and action plan for decarbonising our business while developing related opportunities in order to achieve net-zero greenhouse gas (GHG) emissions by 2050. Our climate transition approach is built on three strategic pillars: a decarbonisation strategy, a carbon removal strategy and transition enabling activities. The Climate Transition Plan includes both existing as well as new climate targets.
 
Our net-zero transition largely depends on external developments such as the availability of methodologies and data, supportive public policies and the pace at which the real economy transitions. We seek to address these critical dependencies and uncertainties through transition-enabling activities. We will continue to evaluate the appropriateness of our approach, definitions and targets based on developments in these areas.

The Climate Transition Plan is an integral part of Swiss Re's Sustainability Report 2024. The relevant sections of the Sustainability Report are available to download as separate files below.