Swiss Life Group –
Goal: Net-zero operations
As part of its “Swiss Life 2024” sustainability strategy, Swiss Life has set ambitious sustainability targets. These include, in particular, the further reduction of CO2 emissions per FTE by 35% by 2024. Beyond this, the Swiss Life Group supports high-integrity, certified climate projects in relation to the amount of the calculated unavoidable CO2 emissions derived from its operational actvities with an equivalent climate benefit, which in turn enables additional climate action.
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To achieve this, Swiss Life purchased carbon credits from projects involving the natural and technical storage of atmospheric carbon in its core European markets of Switzerland, France and Germany. For FY2023 financial year, the scope of the CO2 reduction made possible by Swiss Life amounts to 14,251 tons of CO2 equivalents.
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The emissions data and the independent auditor’s report on environmental indicators are presented in
the Swiss Life Group’s annual Sustainability Report:
Reporting
Period:
2023
Amount of carbon removals in CO2 t:
14,251
Background:
How carbon credits support climate benefits
As an interim solution until innovative, low-carbon technologies or energy sources are developed, the financing of high-integrity climate projects is an important instrument for coporate climate action. This applies especially to secotrs in which substantial reductions to greenhouse gas emissions cannot be acheived by other means in the short term.
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Companies can purchase CO2 credits from projects that either reduce emissions (emission reduction projects) or actively remove CO2 from the atmosphere (CO2 sink projects). In this way, companies enable the implementation of these additional climate projects.
Supported climate projects
More about
Sustainability at Swiss Life
Sustainability is at the heart of what Swiss Life does to support current and future generations to lead a self-determined life. As part of its sustainability strategy, Swiss Life has formulated clear targets to achieve further progress and communicate them in a measurable and transparent way to it stakeholders.
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Read more about Swiss Life’s sustainability strategy
on their website.