Swiss Re has confirmed it will continue to pursue its science-based climate targets independently, without validation from the Science Based Targets initiative (SBTi).
The reinsurer said its sustainability strategy remains unchanged, with a legally mandated objective of reaching net-zero greenhouse gas emissions by 2050. The company’s Climate Transition Plan sets out interim milestones to track progress towards this goal.
Swiss Re emphasised that its current focus is on implementing its strategy and helping clients manage risks linked to the transition to a low-carbon economy. It said that understanding, managing and pricing risk remain central to its business model, with climate-related risks and opportunities forming a growing part of its work with clients.
