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Zurich Insurance Group

PRI reporting framework 2017

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

See SG 07.4 for additional information on the objective-setting process


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Completion rate for basic and advanced responsible investment training.
        

Progress achieved

Portfolio management teams and selected other individuals are required to complete advanced responsible investment training. Basic responsible investment training is required for investment management staff globally. Zurich monitors, but does not currently disclose the completion rate.

Key performance indicator

          Good progress was made in ESG integration for both in-house and external portfolio management, but Zurich does not currently disclose detailed KPIs.
        

Progress achieved

          Execution of impact investing strategies for green bonds and private equity.
        

Key performance indicator

          Total amount of impact investments (USD millions)
        

Progress achieved

Impact investments as of December 31, 2016:

  • Green bonds: USD 1.4 billion
  • Other use-of-proceed bonds: USD 200 million
  • Impact private equity (commitments): USD 105 million

Financial performance of investments

ESG characteristics of investments

Key performance indicator

          Kg of CO2 emitted and kWh used per sqm, respectively, for Swiss real estate portfolio
        

Progress achieved

  • CO2: 30 kg/sqm (2015), -5% vs. 2010
  • Energy consumption: 121 kWh/sqm (2015), -6% vs. 2010

Other activities

06.2. Additional information.

Currently, reduction targets for CO2 emissions and energy consumption only apply to real estate investments in Switzerland (54 percent of global direct real estate investment value). Most buildings in the real estate investment portfolio are not used by Zurich. The environmental footprint of Zurich’s corporate real estate (whether owned or leased) is reported separately in the environmental performance section of Zurich's Annual Report.


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