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Swiss Re Ltd

PRI reporting framework 2020

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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Integration of ESG factors in Securitized Products; Contribution to industry development
        
Conducted by
Asset class
Scope and process

ESG factor considerations are important for the Securitized Products industry as it evolves to find ESG approaches and standardization of measurements. Not only does Swiss Re prefer, to gain exposure to Green, Social, and Sustainability bonds via our mandates under the premise "all else equal", but we are additionally actively involved with managers to shape industry wide frameworks on ESG.

Outcomes

Increases industry focus on topic; Increases holdings that have positive environmental and or social impact.

Topic or issue
          External manager becomes a signatory of the UN PRI and integrates ESG data
        
Conducted by
Asset class
Scope and process

While ESG analysis is embedded in the external manager's investment process and addressed during the screening and final due diligence calls for infrastructure loans, the manager did not utilize information from ESG data providers and was not a UN PRI signatory. Through continuous engagement with the manager, they signed the UN PRI in 2019 and began subscribing to and utilizing MSCI ESG data in their investment memos.

Outcomes

The MSCI ESG analysis is now incorporated into their investment process and as a signatory of the UN PRI the external manager renews their commitment to responsible investing and reporting.

Topic or issue
          Compliance with Swiss Re's ESG requirements
        
Conducted by
Asset class
Scope and process

During diligence a private equity fund did not accept to follow Swiss Re's restricted company list.

Outcomes

We invested in the fund and agreed that Swiss Re has the option to be exempt from investing in companies which are on its restricted list.

09.2. Additional information.


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