Potential offtaker

SCOR SE

www.scor.com

Estimated electricity consumption

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Countries of production presence

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SCOR SE is a French reinsurance company that operates globally and provides a wide range of reinsurance products and services to its clients. The company was founded in 1970 and has since grown to become one of the largest reinsurance companies in the world. SCOR SE is committed to sustainability and has taken several steps to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus for SCOR SE, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2019, SCOR SE announced its commitment to achieve net-zero carbon emissions by 2050. To achieve this goal, the company has developed a comprehensive decarbonisation strategy that includes reducing its energy consumption, increasing its use of renewable energy, and promoting sustainable practices throughout its operations.

Corporate energy is another area where SCOR SE is making significant investments. The company has implemented several energy efficiency measures across its offices and data centers to reduce its energy consumption. For example, SCOR SE has installed energy-efficient lighting systems, upgraded its HVAC systems, and implemented a building automation system to optimize energy usage. These measures have helped the company to reduce its energy consumption and lower its carbon footprint.

Corporate power purchase agreements (PPAs) are another important tool that SCOR SE is using to promote renewable energy. PPAs are long-term contracts between a company and a renewable energy provider that guarantee a fixed price for electricity generated from renewable sources. By entering into these agreements, SCOR SE is helping to promote the development of renewable energy projects and supporting the transition to a low-carbon economy.

Renewable energy is a key focus for SCOR SE, and the company has made significant investments in this area. In 2020, SCOR SE announced that it had invested in a portfolio of wind and solar energy projects in the United States. The portfolio includes 10 renewable energy projects with a total capacity of 1.2 GW. By investing in these projects, SCOR SE is helping to promote the development of renewable energy and supporting the transition to a low-carbon economy.

In addition to its investments in renewable energy projects, SCOR SE is also working to promote sustainable practices throughout its operations. The company has implemented a comprehensive sustainability program that includes initiatives to reduce waste, promote recycling, and conserve water. SCOR SE is also committed to promoting diversity and inclusion and has implemented several initiatives to promote gender equality and support underrepresented groups.

Overall, SCOR SE is a leading reinsurance company that is committed to sustainability and promoting renewable energy. The company has set ambitious targets to reduce its carbon footprint and is making significant investments in renewable energy projects. By promoting sustainable practices throughout its operations, SCOR SE is helping to support the transition to a low-carbon economy and create a more sustainable future.

✓ Declared Net Zero commitment