As one of the larger investors in Switzerland, our domestic investment decisions have more impact than decisions abroad. Therefore, we have a stronger focus on responsible investing in our home market.
For many activities in relation to responsible investment, we collaborate with SVVK-ASIR (e.g., for engagement and exclusion list). SVVK-ASIR was founded in December 2015 and its exclusion and engagement processes were subsequently defined. Formal engagements began in 2017. In March 2017, an exclusion list was officially established, and Suva implemented it in June 2017, substituting it for the previous internally determined exclusion list. Suva is a founding member of SVVK.
Our strong domestic position gives us the possibility to frequently meet the management of Swiss companies. In these meetings, our portfolio managers discuss ESG measures with management and encourage the adoption of ESG measures that fit well to their business models on a long-term basis.
Our large portfolio of investments in Swiss property follows the same process. Although Swiss building law already sets very high ecological and social standards for properties, we go one step further by additionally rating our buildings on ecological criteria and undertaking investments in our buildings to further improve their ecological performance.
Suva has a zero-carbon emission target for 2050 with respect to its real estate holdings and has pledged to reduce energy intensity per sqm by 35% by 2023 from 2016.