WAICA Re pledges to achieve net zero emissions by 2050, aligning our operations and investments with the global imperative to combat climate change.
We commit to rigorous carbon footprint reduction, innovative climate-resilient solutions, and responsible investment practices. By integrating sustainability into our core, we aim to lead by example in the reinsurance industry, fostering a healthier planet and resilient communities.
Achieve net-zero greenhouse gas emissions across our pathway to a lower-carbon future.
Reduce Scope 1 and Scope 2 emissions by 55% from the 2023 baseline.
Align our emissions reduction pathway with a science-based 1.5°C trajectory.
We are focused on reducing emissions from the energy and activities associated with our operations. This includes improving energy efficiency, increasing the use of renewable energy, digitalising processes and reducing unnecessary travel and resource consumption.
As a reinsurance and financial services organisation, our influence extends beyond our direct operations. We consider sustainability in investment decisions, underwriting and engagement with clients and partners to support a more resilient and lower-carbon economy.
WAICA Re has aligned its carbon reduction targets with the Science Based Targets initiative (SBTi), using a 2023 emissions baseline and a pathway consistent with the ambition of the Paris Agreement. The near-term pathway targets a 55% reduction in Scope 1 and Scope 2 emissions by 2033, with a long-term ambition of net zero by 2050.
Progress is tracked against the baseline through carbon-reduction key performance indicators. This provides a measurable framework for monitoring performance and informing future climate action.
Reduce energy demand and improve efficiency across our operations.
Increase the use of cleaner energy sources to reduce operational emissions.
Use digital processes and cloud infrastructure to reduce resource and energy intensity.
Direct capital toward sustainable development while managing exposure to unsustainable activities.