“Do our best, remove the rest” is the motto that guides insurance services
group Swiss Re when it comes to managing its operational and business travel
emissions. The group has made huge strides in doing its best regarding business
travel, and expects to achieve an average travel carbon footprint reduction of 60 per
cent for 2025-27 against a baseline of 2018.
To eliminate the footprint that remains after reduction, Swiss Re buys
credits from a portfolio of carbon dioxide removal (CDR) schemes. Among them is
Climeworks, which specialises in direct air capture (DAC) and storage. Climeworks’
plant in Iceland sucks in air, capturing CO2 molecules through a filter. Working with a partner
called Carbfix, those molecules are added to…
