Suva
Suva is more than just an insurance company: it combines prevention, insurance and rehabilitation under one roof. With 4000 employees, Suva offers the following services to the companies it insures and their employees: prevention programmes relating to occupational and recreational safety in order to prevent accidents and work-related illnesses, professional claims management, rehabilitation and reintegration.
Energy and climate
Suva has over 21 sites (18 agency offices, its head office in Lucerne and two rehabilitation clinics in Bellikon and Sion). By 2030, Suva intends to reduce direct greenhouse gas emissions from its operations by 60 per cent from the 2014 level to 3600 tonnes CO2. It publishes an annual sustainability report in which it reports on its greenhouse gas balance.
Furthermore, as an institutional investor, Suva adopted a climate strategy for its capital investments in 2022. It has pledged to gradually reduce its greenhouse gas emissions to net zero by 2050. In line with Switzerland’s climate targets, Suva is pursuing the following objectives for the asset classes of equities and corporate bonds: reduction in financed greenhouse gas emissions of 17 per cent by 2025 and 42 per cent by 2030, compared with 2019 level. Its climate strategy is based on three pillars: engagement, management of climate risks and impact investing. The aim is to have an impact on the real economy. One area in which Suva can reduce greenhouse gas emissions is its direct real estate investments, valued at CHF 6.9 billion. It is therefore committed to reducing Scope 1 and 2 emissions from its direct real estate investments by 50 per cent by 2030 compared to 2020 and to achieving net zero emissions by 2040.
Targets
Under the EEC initiative, Suva has pledged to meet the following targets:
1. Increasing energy efficiency
Benchmark: 2018/2019
- Target for 2026: +9%
- Target for 2030: +15%
2. Switching to renewable energies
Thermal energy and fuels
- Target for 2026: 40% renewables
- Target for 2030: 56% renewables
Electricity
- Target for 2026: 100% from renewable sources
3. Producing green power
Photovoltaics
- Production in 2021: 0.9GWh
- Target for 2026: +1.7GWh
- Target for 2030: +1.4GWh
Measures
Like all the participants, Suva has undertaken to implement the joint measures. In addition, Suva is also implementing the following individual measures:
1. Reduction of greenhouse gas emissions from business travel
2030: –10% CO2 compared with 2014
2. Net zero reduction path in operations
2030: –3,600t CO2eq compared with 2014
3. Net zero reduction path in capital investments
2030: –42% CO2eq (financed and direct greenhouse gas emissions in Scope 1 + 2) compared with 2019
4. PET-free Suva
2030: –90% compared with 2020
5. Universally agreed targets at the company’s nine largest sites
2030: +30% energy efficiency compared with 2018/2019
Further information
Up-to-date information on the implementation status of this participant’s targets and measures is published in our Energy and Climate Report. Suva also provides information on its own website about its commitments in the area of energy and climate.