Exclusion

Swiss Re’s Group-wide ESG Risk Framework guides how the Group manages sustainability risks and is applied in conjunction with investment-specific frameworks. These frameworks set criteria and thresholds for what Swiss Re considers acceptable business and may lead to restrictions of companies or countries from its investment universe.  

For its investments, Swiss Re also considers how companies do business by screening their alignment with the UN Global Compact Principles, where information granularity is available. Companies that fail to meet the UN Global Compact principles based on a third-party assessment are restricted from the investment universe.¹ Internal and external investment managers are prohibited from investing in such assets on behalf of Swiss Re. This restriction is enforced through a restricted list that is reviewed on a quarterly basis. This requirement is contractually defined, and compliance is monitored internally on a regular basis. 

Swiss Re also has dedicated fossil fuel policies for its investments. By 2030, Swiss Re aims to fully exit coal mining and coal-fired power generation companies for its corporate bond and listed equity portfolios via normal portfolio reallocations. Additionally, Swiss Re no longer directly invests in companies that are above the thresholds shown in the table below.

Furthermore, for its infrastructure debt and private placement portfolio, Swiss Re applies dedicated fossil fuel guidelines, shown in the table below.