Diversified Insurance




5, avenue Kléber

75795 Paris Cedex 16


Tel.: +33 (0)1 58 44 70 00

Email : 



  • Euronext FAS IAS, Euronext 100
  • Euronext France Next 40 EW
  • Euronext Europe Sustainable 100
  • EW, Euronext France Energy
  • Transition Leaders 40 EW
  • Euronext Vigeo® Europe 120
  • Euronext Vigeo® Eurozone 120
  • Ethibel® Sustainability Index Excellence Europe (ESI Europe) 




Michele Lacroix


Reinsurer of the year for 2017 – Insurance ERM





SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using their experience and expertise (“The Art & Science of Risk”), SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk in Life & Health insurance (longevity, mortality, LTC, etc.) as well as in P&C insurance (natural catastrophes, agriculture, industry, transport, engineering, etc.).

SCOR’s aim, as an independent global reinsurance company, is to develop their Life and P&C business lines, to provide their clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer their clients an optimum level of security, to create value for their shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

Company Sustainable Activity


  • In 2018, more than 87% of scor’s portfolio was managed in accordance with ESG criteria 
  • 50% of scor’s air travel emissions in 2018 have been offset through the purchase carbon credits from two certified forest projects 
  • C average ESG rating 
  • 1.3 billion euros green part of scor’s invested assets portfolio 
  • 100 million euros insurance linked securities 
  • 58% of infrastructure debt finances the energy transition or social development 
  • 166 million euros investments in  life & Knowledge sciences 

-> Scor’s response to global climate change 

  • Reducing the carbon intensity of the Group’s offices → -25% / employee in 2018 
  • Investing in energy efficient buildings and renewable energies 

→ 65% of Scor’s employees work in certified eco-friendly offices 

→ 67% of the energy used by the Group is renewable 

  • Implementing a carbon offset program, via forest preservation and reforestation projects in Zimbabwe and Peru 

→ 10,000 TecqCO2 compensated in 2018

→ x2.5 compared to 2017 

  • Developing the Group’s underwriting capacities in the area of low-carbon energy, agriculture and natural catastrophes in order to play a role both in mitigating climate change and adapting to their consequences 
  • Enforcing sectoral guidelines on both the liability and the asset side of the Groups balance sheet 

→ 30% of their turnover from thermal coal, ban on certain coal-related activities and implementation of a scoring grid to help underwriters evaluate the environmental, social, and governance practice of thermal coal intensive business 

  • Promoting Climate – related risk management research and disclosure through partnerships with a wide range of stakeholders: Climate KIC, OASIS, SCOR Corporation Foundation for Science, Geneva Association – Extreme Events Climate Risk, working group, insurance Development Forum, French insurance association,  European Commission. 

Climate Policy 

Being a signatory of the UN Global Compact and of the UNEP-FI PSI from the outset, SCOR acknowledges the high relevance of their business to the Sustainable Development Goals (SDGs) set in 2015 by the UN Agenda 2030. SCOR also supports international sectoral climate-related initiatives such as the French Business Climate Pledge signed in the wake of the Paris Climate Agreement, the Geneva Association Climate Risk Statement on Climate Resilience and Adaptation, and more recently the Decarbonize Europe Manifesto and the Letter of global investors urging governments of the G20 nations to fully support and implement the Paris Agreement. 

SCOR’s Climate Policy reflects this longstanding and ongoing commitment towards achieving climate resilience. It aims to provide a dynamic framework for the management of their own environmental impact – both direct and indirect – as well as an active strategy based on their expertise for addressing the many risks and opportunities posed by climate change to their business.

Reducing Scor’s environmental footprint 

SCOR has set an indicative objective of 15% reduction in carbon intensity of their offices per employee by 2020, through the reinforcement of their energy efficiency, an increased share of renewable energy in their energy mix and the further rolling-out of environmental management systems across all of their main sites. Over the past few years, the Group has implemented certified environmental management systems and it has carried out energy efficiency audits on their major locations. As at the end of 2016, more than 52% of the SCOR group’s employees were already working in offices equipped with a certified environmental management system (ISO, EMAS, and HQE), while the share of renewable energy in their electricity purchases reached 48%


Over the past 6 years, SCOR has pursued a real estate investment policy that generates value for both their shareholders and Society as a whole. Indeed, the Group has implemented a proactive strategy that includes the acquisition of environmentally certified offices and the implementation of far-reaching renovation programs with green targets.

The Group owns one of the very first large positive energy office building in France, and invests in low carbon projects through their debt funds. SCOR has set the goal of investing more than EUR 500 million in energy efficient corporate buildings and infrastructure by 2020, while integrating carbon considerations into the other asset classes under their management.

Beyond climate change mitigation, SCOR also actively plays their part in supporting climate change adaptation strategy through conceiving, trading and investing in financial products that provide additional capacities for the coverage of natural catastrophes (“Cat bonds / Insurance Linked Securities.” This activity is developed by their asset management subsidiary, SCOR Investment Partners has been a signatory of the United Nations Principles for Responsible Investment since late 2016.

As announced during the presentation of their strategic plan “Vision in Action”, the Group has initiated works to further analyze climate challenges related to their asset portfolio. Several aspects are being investigated such as the so-called “stranded assets”, the portfolio positioning with a 2 degrees scenario, and the measure of the asset portfolio carbon footprint


  •  The Energy and Ecological Transition for Climate (EETC) certification
  • ISO 14001 (Zurich office)
  • LEED O&M GOLD (Totonto, Minneapolis, Charlotte, Miami, New York, Rio de Janeiro offices)
  • LEED O&M SILVER (Montreal office)
  • LEED BD+C Platinium (Mexico City office)
  • BREEAM (London office)
  • HQE (Paris office)
  • EMAS (Cologne office)
  • Green Platinium (Singapore office)

Sustainable Development Goals

How company covers SDGs




  • 10% of SCOR’s total green assets were in corporate bonds at the end of 2018
  • 70% of SCOR’s green investments are in direct real estate

Scor communicate on their achievements towards sustainability, and provide a thorough report with clear data and highlights of the Year’s achievements. They, however, do not clearly explain in what way their sustainable activity is related to the SDGs mentioned, and do not mention their annual progress in comparison with the targets set. Thanks to their commitment and good list of recognitions, Scor gets the rating B. 


Share this Post