Documents des Résultats Finaciers

Climate Report 2021

Combining the Art and Science of Risk

to protect societies

Cover image:

Trees grow to a gigantic size in the rainforest, and are supported by strong, strut-like buttresses at the base of the trunk that help to stabilize them in shallow forest soils.

Profile- Raison d'être

Combining the Art & Science of Risk to protect societies

As a global independent reinsurance company, SCOR contributes to the welfare, resilience and sustainable development of society by bridging the protection gap, increasing insurance reach, helping to protect insureds against the risks they face, pushing back the frontiers of insurability and acting as a responsible investor. Through the expertise and know-how of its employees, it combines the Art and Science of Risk to offer its clients an optimum level of security and creates value for its shareholders by developing its Life & Health and Property & Casualty business lines, respecting strict corporate governance rules. SCOR provides its clients with a broad range of innovative reinsurance solutions and pursues an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy.

Foreword-

SCOR is a longstanding participant of the United Nations Global Compact and acknowledges the high relevance to its business of the Sustainable Development Goals (SDGs). In particular, SCOR is committed to reducing climate-related risk by helping to make companies more resilient, promoting the adoption of appropriate practices and principles, fostering cooperation, and encouraging good governance, integrity and accountability.

SCOR supports several international sectoral climate-related initiatives, such as the French Business Climate Pledge signed in the wake of the Paris Climate Agreement, the Geneva Association's Climate Risk Statement on Climate Resilience and Adaptation, and the Net-Zero Asset Owner Alliance (NZOA). In 2021, SCOR co-launched the pioneering Net-Zero Insurance Alliance (NZIA) and joined the Act4Nature International initiatives, amongst others. The Group also became one of the first (re)insurers to sign up to the Climate Transition Pathway accreditation framework.

In demonstration of its continued commitments to fight climate change, SCOR supports the Task-force for Climate-related Financial Disclosures (TCFD) and the implementation of its recommendations. Therefore, SCOR publishes this Climate Report, which provides an overview of SCOR's climate-related risks and opportunities, as well as information on how its business model and strategy are resilient to those climate-related risks. The report is structured according to the four disclosure sections proposed by the TCFD: Governance, Strategy, Risk Management and Metrics and Targets. While preparing this report, SCOR has taken into account the Guidelines on reporting climate-related information, communicated by the European Commission in 2019 and the guidance published by the French market authority (Autorité des Marchés Financiers) in its December 2020 report, "TCFD climate reporting in the financial sector".

The information in this report was prepared based on data available as of December 31, 2021.

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SCOR SE published this content on 11 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2022 10:43:15 UTC.