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Swiss Re Ltd

PRI reporting framework 2020

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (B) Implementation: Thematic

(B) Implementation: Thematic

FI 07. Thematic investing - overview

07.1. Indicate what proportion of your thematic investments are (totalling up to 100%):

96.7 %
3.3 %

07.2. Describe your organisation’s approach to thematic fixed income investing

A bond can be considered for our green, social and sustainability bond mandate if:
 1) The issuer is not on Swiss Re's exclusion list,
 2) Internal ESG rating of the country of the issuer meets Swiss Re's criteria,
 3) The issuer follows the Green Bond Principles (GBP), Social Bond Principles (SBP), as well as the Sustainability Bond Guidelines (SBG),
 4) Further sustainability bonds only on internal pre-approval basis

07.3. Additional information [OPTIONAL]

FI 08. Thematic investing - themed bond processes

08.1. Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..

08.2. Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.

We do not qualify them as green bonds, social bonds and sustainability bonds. With that, we do not consider them in our green, social and sustainability bond mandate.

08.3. Additional information. [Optional]

FI 09. Thematic investing - assessing impact

09.1. Indicate how you assess the environmental or social impact of your thematic investments.

          We focus on issuers that follow the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines from ICMA

09.2. Additional information. [Optional]

The Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines from ICMA have four components which focus on

 a. Use of Proceeds,

 b. Project Evaluation and Selection Process,

 c. Management of Proceeds and

 d. Reporting.

Collectively, they promote integrity of issuance, along with transparency and disclosure on the use of the financings.