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Swiss Re Ltd

PRI reporting framework 2020

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

- Regular reporting

- Participation at the event on "TCFD and SDGs: Using existing global frameworks to ensure more resilient investments"

https://www.sustainablefinance.ch/en/2019-_content---1--3126.html#anchor_XVFWUZ

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Each year since 2003, Swiss Re has reported to the CDP and has been named in its "performance" and "disclosure" leadership index on more than one occasion. Swiss Re and the CDP are partners in the RE100 initiative that was launched in September 2014 at the Climate Week NYC (an event in which both organisations were also closely involved).

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of Green Bond Principles and apply them to our Green Bond mandates. Additionally, we also apply the Social Bond Principles and Sustainability Bond Guidelines.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Member of the UNEP FI PSI Board and participation in related initiatives.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Swiss Re is active as a board member of UNEP FI PSI (Principles for Sustainable Insurance) and member of the CCAG (Climate Change Advisory Group).

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Swiss Re has been a member since 2008. Reporting against the ten principles has been integrated into the company's Sustainability Report (formerly named Corporate Responsibility Report) since 2009. Swiss Re is a member of the UNGC Swiss chapter, since the company is headquartered in Switzerland.

          Net-zero Asset Owner Alliance
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Swiss Re is a co-founding member of the net-zero Asset Owner Alliance that was launched in 2019, and where we co-lead one of the workstreams.

          UN Global Compact Business Ambition for 1.5°C and SBTi
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Signatory since September 2019.

          Swiss Sustainable Finance ("SSF")
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Swiss Re has co-founded this Swiss organisation in summer 2014. Swiss Re has been an active member of the predecessor organisation (The Sustainability Forum Zurich, terminated summer 2014) and a member of the core task force to rally support for the new organisation, which was successfully launched in October 2014.

Swiss Re holds a board seat since the organisation's foundation and is part of the working group "Institutional asset owners" which launched a comprehensive toolkit on responsible investing in autumn 2016.

          Financial Stability Board, Task Force on Climate-related Financial Disclosures (FSB TCFD)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

As a member of the TCFD since its foundation, Swiss Re helped develop the recommendation for voluntary climate-related financial disclosure. Swiss Re announced adoption of the climate-related financial disclosure recommendations in December 2016, and started to report against its disclosures in its 2016 Financial Report. In 2019, we report the fourth time on climate risk in accordance with the TCFD recommendation in our Financial Report.


SG 09.2. Assets managed by PRI signatories

Indicate approximately what percentage (+/- 5%) of your externally managed assets under management are managed by PRI signatories.

100 %

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          - Various sessions with investors, banks, insurance companies, organisations and others.
- Released a brochure with latest activities and factual updates
www.swissre.com/ri-our-approach
        

Frequency of contribution

Description

          - Lucerne University of Applied Sciences and Arts: Collaborative knowledge sharing on ESG approaches in fixed income
- Knowledge exchange with University of Berkeley on ESG rating analysis
- Collaboration with the University of Zürich on a publication related to ESG investments and policy implications
        

Frequency of contribution

Description

          - Publication: https://www.swissre.com/ri-next-steps
- Being part of the European Commission Technical Expert Group on Sustainable Finance
- Regular exchange with policy makers to promote responsible investing. Actively driving the policy dialogue in international fora
- Organised sustainability event to have in-depth and open conversation on the topic: 
https://www.swissre.com/our-business/managing-our-assets/investing-responsibly-contributes-to-sustainable-world.html
TCFD and SDGs: Using existing global frameworks to ensure more resilient investments; https://www.sustainablefinance.ch/en/2019-_content---1--3126.html#anchor_XVFWUZ
        

Frequency of contribution

Description

          - SSF Annual Conference 2019: Transformation towards a future-proof financial system; https://www.sustainablefinance.ch/en/2019-_content---1--3126.html#anchor_XVFWUZ
- Building Bridge Summit; https://www.sustainablefinance.ch/en/2019-_content---1--3126.html#anchor_XVFWUZ
- Sustainability Leadership Series - Responsible investing in practice; https://www.swissre.com/our-business/managing-our-assets/investing-responsibly-contributes-to-sustainable-world.html
- Swiss International Finance Forum; https://www.sustainablefinance.ch/en/2019-_content---1--3125.html#anchor_OEOHFY
        

Frequency of contribution

Description

          https://www.swissre.com/ri-our-approach
        

Frequency of contribution

Description

          - Participated in the task force on climate-related financial disclosure (FSB TCFD)
        

Frequency of contribution

Description

          - Gave several interviews to Radio France, Fortune Magazine, Insurance Asset Risk, and others to further promote ESG
https://fortune.com/longform/insurance-industry-climate-change-swiss-re-reinsurance/
https://www.insuranceassetrisk.com/content/news/esg-integration-delivers-the-same-returns-but-lowers-volatility.html
        

Frequency of contribution

Description

          - Swiss Re is represented on the Board of the Swiss Sustainable Finance organisation
- Swiss Re co-founded the UN-convened net-zero Asset Owner Alliance, and co-lead a workstream
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Swiss Re has a long-standing commitment to corporate responsibility and strives to implement this across its business. Swiss Re is a signatory to the UN Global Compact and is listed on leading sustainability indices and ratings.

Swiss Re is committed to facilitating the exchange of experience on the development and implementation of responsible investment with institutional investors, responsible investment institutions and ESG specialists, and to discuss transparently with them challenges encountered and progress made, and bring forward current best practices, and innovation to foster progress.

Swiss Re maintains an open dialogue with (re-)insurance peers on the topic of responsible investment to exchange on best practice and objectives. Additionally, Swiss Re engages with external managers, fund managers and other stakeholders on this topic through discussions, reviews and monitoring of initiatives to help others integrating ESG considerations into their investment process and to enhance reporting to their clients on these activities.

Please find additional promotion of ESG-related topics in the answer to question SG 11.4.


SG 11. Dialogue with public policy makers or standard setters (Private)


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