As part of the Clinton Global Initiative, Swiss Re, one of the world’s largest reinsurers, has decided to support measures taken by its employees that contribute to the reduction of CO2 emissions.
Under it’s new “COYou2 reduce and gain” program, which runs through 2011, Swiss Re will pay for half the costs for employees to implement measures that reduce their greenhouse gas emissions, particularly in relation to mobility, heating and electrical energy.
Qualifying measures include the purchase of hybrid cars, use of public transport, and the installation of solar panels or heat pumps.
According to Ivo Menzinger, Head of Sustainability & Emerging Risk Management, who is in charge of the “COYou2 reduce and gain” programme, “Swiss Re is actively engaged in mitigating climate change and its consequences. This programme is an investment that will encourage our employees to make a personal contribution and further raises awareness of the issue.”
In 2003, Swiss Re declared that it would make its own operations carbon neutral by 2013.
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