omniture

Swiss Re Offers RMB 31,000 to Each Employee Committing to Reduce Her or His Personal Carbon Footprint

2007-01-05 11:52 979

BEIJING, Jan. 5 /Xinhua-PRNewswire/ -- Swiss Re is supporting investments and purchases made by employees that contribute to reducing CO2 emissions. The new "CO You2 reduce and gain" programme is part of Swiss Re's commitments supporting the Clinton Global Initiative.

Swiss Re actively contributes to the dialogue and promotes the understanding of climate change, and has set up its own initiatives to reduce CO2 emissions. In 2003, Swiss Re declared that it would make its own operations carbon neutral by 2013. Now, as part of the Clinton Global Initiative, Swiss Re has decided to support measures taken by its employees that contribute to the reduction of CO2 emissions.

The "CO You2 reduce and gain" programme supports employees' investments in measures that contribute to reducing greenhouse gas emissions, particularly in relation to mobility, heating and electrical energy, and are adapted to local circumstances and preferences.

In mainland China, where Swiss Re has 70 employees, eligible staff who purchase, lease or convert their vehicles to hybrid or gas power, or who buy solar panels or high-efficiency refrigerators and air conditioners, will get back from Swiss Re one-half of the amount invested in these measures, up to a maximum per employee of RMB31,000 (CHF5,000). The programme runs from now until the end of 2011.

Swiss Re will rebate each employee one half of the amount invested in these measures, up to a maximum per employee of CHF 5 000 or the equivalent in local currency.

According to Franz Josef Hahn, Managing Director of Swiss Re Greater China, "Swiss Re is actively engaged in mitigating climate change and its consequences. This programme is an investment that will encourage our employees to make a personal contribution and further raises awareness of the issue."

Notes to editors

Swiss Re is the world's leading and most diversified global reinsurer. The company operates through offices in over 30 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company's traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. Swiss Re is rated "AA-" by Standard & Poor's, "Aa2" by Moody's and "A+" by A.M. Best.

Source: Swiss Re
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