Close Close

Swiss Re Steps Up Fight Against Global Warming

Your article was successfully shared with the contacts you provided.

A large reinsurer is doing its part to protect coastal areas against catastrophic claims.

Swiss Reinsurance Company, Zurich, says it will pay employees up to the equivalent of about $4,000 each to reduce emissions of greenhouse gases by taking steps such as using public transportation and installing solar panels.

Swiss Re announced in 2003 that it would try to make its own operations “carbon neutral” by 2013, and now it will cover half the cost of employees’ efforts to achieve carbon neutrality, up to a limit of 5,000 Swiss francs per employee, the company says.