- Continued evolution of the regulatory environment on ESG issues.
- Quantifying the impact of climate change on all areas of the business model.
- Further enhancing quantitative approaches to fully consider and understand ESG risks.
PartnerRe Ltd. and its subsidiaries
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, PartnerRe Ltd. and its subsidiaries disclosed greenhouse gas emissions of 22.5K tCO2e/year (Scope 2 & 3 combined). By scope: Scope 1: 0 tCO2e/year; Scope 2: 1.3K tCO2e/year; Scope 3: 21.2K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
22.5K tCO2e/year (Scope 2 & 3 combined)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.3K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 21.2K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 22.5K tCO2e/year (Scope 2 & 3 combined) |
| 2022 | 21.5K tCO2e (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Migrated all infrastructure, applications, and data from on-premises data centers to the cloud, significantly reducing carbon emissions.
- Underwriting guidelines adapted to account for ESG; no longer (re)insuring new construction of coal-based power plants and/or thermal coal mines on a facultative basis.
- Achieved all ESG Investment Targets, exceeding the goal for a Sustainable Portfolio of $898 million.
🎯 Climate & Sustainability Targets
🔜 Short-term
- By 2025, reduce market weight exposure to investments in companies generating >20% revenue from thermal coal mining or power from thermal coal to 0%.
📅 Medium-term
- Sustainable Portfolio (based on book value) to be > $850 million at December 31, 2024.
🌱 ESG Focus Areas
Good business conduct, ethics and governanceManaging the impacts of climate change across liabilities, assets and corporate operationsCommunity support and wellnessDiversity and inclusion