royalgazette.com 14 Jan, 2021 12:45 am

RenRe offsets emissions by helping communities, wildlife and forests – The Royal Gazette

RenRe offsets emissions by helping communities, wildlife and forests – The Royal Gazette
More than 6,000 metric tonnes of greenhouse gas is generated by RenaissanceRe's Bermuda operations each year, with air travel and purchased electricity accounting for the bulk of the carbon emissions...

Created: Jan 14, 2021 08:00 AM RenaissanceRe is offsetting its greenhouse gas emissions by supporting a project in the Gola Rainforest in Sierra Leone, an afforestation and community project in Uganda, and reforestation in Chile (Photograph by Pixabay) More than 6,000 metric tonnes of greenhouse gas is generated by RenaissanceRe's Bermuda operations each year, with air travel and purchased electricity accounting for the bulk of the carbon emissions.It estimates it globally generates 10,795 metric tonnes of greenhouse gas each year.By calculating its carbon footprint, the company is then able to offset its greenhouse gas emissions by buying carbon credits equivalent to its carbon impact.Launching its new ESG website, RenRe said its three strategic areas of focus are to promote climate resilience, induce positive societal change and close the insurance protection gap.

” On its new website, RenRe said its approach to investing includes eliminating direct investments in companies that are classified by the American finance company MSCI as ESG laggards.Regarding closing the protection gap, RenRe said it is partnering to provide "sustainable risk mitigation solutions for those that are vulnerable in society".

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