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Swiss Re Ltd

PRI reporting framework 2020

Export Public Responses

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PE 01. Description of approach to RI

01.1. プライベートエクイティの責任投資に対する組織のアプローチの概要を説明してください。

ESG considerations are fully embedded within our investment process, from screening, through diligence, the initial investment decision, monitoring & development of the investment over time, to exit.

Based on our strategy (accessing risks less available via traditional reinsurance and portfolio investing by taking meaningful stakes in insurance or insurance-linked companies) we find that social and governance issues warrant significant attention - especially considering the regulated nature of the insurance industry and Swiss Re's long-term core business interests and activities. Swiss Re has an interest in its investee companies developing along a sustainable path that goes beyond the financial return of that single investment.

PE 02. Investment guidelines and RI

02.1. 組織の投資活動が、責任投資ポリシーを指針としているか、責任投資ガイドラインに従っているかを示してください。

02.2. 投資活動におけるESG問題に対するスタッフおよびポートフォリオ企業のアプローチへの期待について、どのように組織がその概要をまとめているか説明してください。また責任投資/ガイドラインおよび組織が組織内のスタッフとポートフォリオ企業の経営陣に責任投資への期待をどのように説明または伝達しているかについて、その範囲を説明してください。 [任意]

ESG requirements are prescribed in our Group Sustainable Business Risk Framework as well as Asset Management, Responsible Investing and Voting and Engagement policies, issued by the Group CIO. Direct equity investments are made in accordance with these policies and frameworks. ESG considerations are embedded in the investment process and are reviewed by the ESG Advisory Board.

Additionally, the Corporate Transaction Policy which governs direct private equity and principal investments more granularly, specifically requires confirmation of ESG issues in direct investment memoranda which form the basis for investment decisions (initial investment, shareholder action post investment, and exit). All employees in the direct private equity organisation within Swiss Re must adhere to these policies.

Swiss Re's approach to exclusion is based on the internal group-wide Sustainable Business Risk Framework setting criteria for what is being considered as acceptable business. Consisting of two umbrella policies on human rights and environmental protection, and eight guidelines on sensitive sectors or issues, the framework enables Swiss Re to identify and assess major sustainability risks. Each policy defines criteria for excluding specific companies and countries from our (re-) insurance and investment universe.