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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Swiss Re Ltd    SREN   CH0126881561

SWISS RE LTD

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Swiss Re : Raises Internal CO2 Levy, Pledges 30% Emissions Cut From Air Travel

09/15/2020 | 06:31am EST

By Dieter Holger

 

Swiss Re Ltd. has raised the rate of its internal levy on carbon emissions and pledged to cut 30% of its emissions from air travel next year.

The Zurich-based reinsurer said Tuesday that its carbon-dioxide emissions from both direct and indirect sources are now priced at $100 per metric ton, from the previous $8 per ton. It is set to rise to $200 a ton by 2030. Funds from the levy go to carbon-removal projects.

"In the fight against climate change, companies can use internal carbon pricing as an important tool to incentivise low-carbon behaviour and decision making," Swiss Re said.

Swiss Re also said it would slash its emissions from air travel by 30% in 2021 compared with 2018 and doesn't plan for business travel to return to pre-pandemic levels.

"Our belief [is] that leading companies can and must propel climate protection beyond mere compliance with current regulations," said Christian Mumenthaler, Swiss Re's chief executive.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

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Financials (USD)
Sales 2020 41 254 M - -
Net income 2020 -279 M - -
Net Debt 2020 6 230 M - -
P/E ratio 2020 -95,9x
Yield 2020 7,05%
Capitalization 25 490 M 25 551 M -
EV / Sales 2020 0,77x
EV / Sales 2021 0,74x
Nbr of Employees 15 842
Free-Float 88,1%
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Technical analysis trends SWISS RE LTD
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 92,32 $
Last Close Price 91,39 $
Spread / Highest target 23,4%
Spread / Average Target 1,02%
Spread / Lowest Target -41,9%
EPS Revisions
Managers
NameTitle
Christian Mumenthaler Group Chief Executive Officer
Walter Bruno Kielholz Chairman
Anette Bronder Group Chief Operating Officer
Pravina Ladva Co-Chief Operations & Technology Officer
John Robert Dacey Group Chief Financial Officer
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