Swiss Re AG · SIX:SREN
Swiss Re — ESG Presentation (October 2021)
15 slides from Swiss Re's sustainability presentation, Oct 27, 2021
Slide 1: The economics of climate change
The economics of climate change Dr. Jérôme Haegeli, Group Chief Economist Executive Dialogue Series, 27 October 2021 1
Slide 2: The key letter
The key letter Jerome Haegeli | October 2021 2
Slide 3: Three key figures to remember!
Three key figures to remember! -18% $100trn >=$75 Jerome Haegeli | October 2021 3
Slide 4: Paris is too far away
Paris is too far away 2.6°C +61% -49 NDCs Jerome Haegeli | October 2021 4
Slide 5: Regional disparities at play with “no winner”
Regional disparities at play with “no winner” • Focusing on the "mean" gives a false sense of security. The tails are what matters. Note: Temperature increases are from pre-industrial times to mid-century, and relate to increasing emissions and/or increasing climate sensitivity (reaction of temperat
Slide 6: A large global natural catastrophe protection gap remains
A large global natural catastrophe protection gap remains USD billion in premium equivalent terms 76% Unprotected, globally Source: Swiss Re Institute Jerome Haegeli | October 2021 6
Slide 7: The transition comes with risks, but also opportunities
The transition comes with risks, but also opportunities • Using a carbon tax approach, the sectors that are most impacted by transition risks are utilities, materials and energy. Regionally, Asia is most exposed. • Substantial investments needed to transform the economies can lead to wide intra-sect
Slide 8: A rapid shift in energy sources and cumulative additional capex of US$131tn is needed by 2050
A rapid shift in energy sources and cumulative additional capex of US$131tn is needed by 2050 Source: IEA, World Energy Outlook 2021 Source: The State of the Global Energy Transition (2021), Aurora Energy Research Jerome Haegeli | October 2021 8
Slide 9: Public and private sectors need to hasten climate policy action
Public and private sectors need to hasten climate policy action Meaningful carbon pricing to support net zero transition and promote transparent pricing of climate-related financial risks Fiscal incentives and lower investment barriers to encourage spending in carbon capture and reduction, and in cl
Slide 10: Key Takeaways
Key Takeaways Re/insurers have a Reaching the Paris Public and private key role to play, target would save sector both in terms of the world close to collaborations are enhancing 10% of total key for progress on resilience and economic value by the low carbon facilitating the mid-century transition
Slide 11: Get your publication today and subscribe to our research
Get your publication today and subscribe to our research Sigma Expertise Publications Economic Insights Economic Outlook • Market information for • Expert analysis of specific • Key findings on macro • Monthly newsletters on managers and specialist in risk topics in regional developments and market
Slide 12: Appendix
Appendix Swiss Re Institute 12
Slide 13: With its long tradition in sustainability, Swiss Re sets an example of what the industry can do
With its long tradition in sustainability, Swiss Re sets an example of what the industry can do to facilitate the green transition Signing of Adopted FSB TCFD recommendations Net-zero Signing of Reduced investing Obtain 100% GHG Reduced providing of power in thermal re/insurance from renewable emiss
Slide 14: The ongoing energy crisis shows that renewable energy capacities need to be ramped up
The ongoing energy crisis shows that renewable energy capacities need to be ramped up • Shortfalls in supply across energy sources, including renewables, have coincided with a surge in demand for energy to power the global economic reopening after COVID-19. This has resulted in surging prices. • The
Slide 15: Thank you!
Swiss Re Institute Thank you! Follow us 00000 15