Swiss Re

SIX: SREN65Credible Contributor· Provisional

0 followersReinsurer·Zurich, Switzerland·Founded 1863

www.swissre.com

One of the world's two largest reinsurers, a pioneer in climate-risk modelling and parametric insurance products, and committed to ceasing coverage of new oil-sands and coal projects.

65/100

Credible Contributor· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: high

Why it's on ClimateTicker

Swiss Re is a genuine climate-adaptation enabler whose core product — pricing and absorbing catastrophe risk — directly supports financial resilience against climate-driven natural disasters, and it has adopted among the most advanced underwriting exclusion frameworks of any reinsurer for coal, oil sands, and new oil-and-gas fields. However, investors should note that Swiss Re dropped SBTi validation in 2025 amid US anti-ESG pressure, exited the Net-Zero Insurance Alliance in 2023, and still underwrites a substantial conventional fossil-fuel book, meaning its climate credentials are real but not unqualified.

adaptationSwiss Re earns premiums by assuming risk from primary insurers across Property & Casualty, Life & Health, and corporate insurance lines globally, and invests the float; it reported USD 45.6 billion in insurance revenue and USD 3.2 billion net income in 2024.

Commitments & Certifications

CDP: B (Climate Change) ↗other: AAA (MSCI ESG Rating) ↗other: Low ESG Risk ↗other: Net-Zero Asset Owner Alliance member ↗SBTi: Withdrawn — targets guided by SBTi Corporate Net-Zero Standard but formal validation dropped in 2025 ↗

Controversy & Greenwashing Watch

mediumSBTi Validation Dropped

In September 2025 Swiss Re announced it would no longer seek SBTi validation for its net-zero targets, offering no explicit rationale, undermining third-party credibility of its climate commitments.source ↗

lowInsurance-Associated Emissions Data Coverage Only ~22%

Swiss Re's own 2025 Climate Transition Plan discloses that reliable reported company-level data is available for only ~22% of the underwriting portfolio, making its primary climate metric largely estimated and unverifiable.source ↗

mediumExit from Net-Zero Insurance Alliance (NZIA)

Swiss Re left the UN-convened NZIA in May 2023 without providing a public explanation, following peer exits driven by US antitrust pressure, raising questions about the durability of its collective climate commitments.source ↗

lowReclaim Finance: Oil & Gas Policy Insufficiently Precise

Reclaim Finance criticised Swiss Re's oil-and-gas exclusion policy for failing to clearly define 'most carbon-intensive' production, leaving significant room for continued coverage of high-emission producers.source ↗

Community Reviews

No reviews yet. Be the first to share your experience!