Sustainability reporting
The Sustainability Report is our primary means of reporting progress on the implementation of our Group Sustainability Strategy.
The Sustainability Report provides transparency on non-financial matters as required under Article 964a et seqq. of the Swiss Code of Obligations (CO). commonly referred to as the indirect counterproposal to the Responsible Business Initiative (RBI CP). In accordance with Article 964b CO, we disclose information on relevant environmental matters, in particular the CO2 goals, social issues, employee-related issues, respect for human rights and combating corruption.
As of reporting year 2024, we also provide the information now required under the related Swiss Ordinance on Climate Disclosures. In particular, we expanded our climate-related disclosures to include our Climate Transition Plan (CTP) in the Sustainability Report 2024.
Our Board of Directors approved the Sustainability Report 2024 on 12 March 2025. The Sustainability Report was published on 13 March 2025, together with our Annual Report. Swiss Re's shareholders will, as required by the Swiss CO, vote on the Sustainability Report at the Annual General Meeting on 11 April 2025.
For a comprehensive overview of our performance in 2024, the Sustainability Report should be read in conjunction with the Annual Report.
Reporting scope
The Sustainability Report 2024 covers the Swiss Re Group, which is headquartered in Zurich, Switzerland, comprising of Swiss Re Ltd (the parent company) and its subsidiaries. For more detailed information on the organisational aspects, basis of presentation and basis of preparation for the Sustainability Report, see About this report.
Reporting frameworks
We consider various sustainability reporting frameworks in our qualitative and quantitative disclosures.
Our Climate-related disclosures are structured around the TCFD recommendations and published as part of the Sustainability Report 2024.
Other reporting frameworks we consider are the respective standad for the insurance industry as defined by the Sustainability Accounting Standards Board (SASB) and the standards issued by the Global Reporting Initiative (GRI). Reference tables providing an overview of our disclosures according to these frameworks can be found at:
We remain committed to advancing the Ten Principles of the UN Global Compact. The Group’s annual Communication on Progress, including the CEO Statement of Continued Support, is published on the UN Global Compact reporting platform.
We also report against the UNP FI Principles for Sustainable Insurance (PSI) and publish an annual Disclosure of Progress.
Assurance
The Sustainability Report has received independent limited assurance from KPMG AG. The independent assurance report can be found in the Sustainability Report 2024.
Annual Report 2024
Our Annual Report presents the Swiss Re Groupʼs business strategy and financial reports for 2024. It also includes disclosures on compensation, governance and risk management. For further information see the Annual Report 2024.
Disclosures under Article 8 of the EU Taxonomy Regulation for Swiss Re Europe S.A. and Swiss Re International SE
In our disclosures under Article 8 of the EU Taxonomy Regulation, we disclose year-end sustainability-related information on the asset management and underwriting activities of Swiss Re Europe S.A. and Swiss Re International SE, our European reinsurance and insurance entities in scope of the EU Taxonomy Regulation. The disclosures should be read in conjunction with the financial information as published in the Annual Accounts and Solvency and Financial Condition Report of Swiss Re Europe S.A. and Swiss Re International SE for the respective year as well as the non-financial information published in the Group Sustainability Report of the Swiss Re Group for the respective year.
EU Taxonomy-eligible activities are economic activities which substantially contribute to one or more of the EU Taxonomy´s environmental objectives for which Technical Screening Criteria (TSC) have been defined, regardless of whether or not these criteria are met.
EU Taxonomy-aligned activities are economic activities that comply with the criteria in Article 3 of the EU Taxonomy by substantially contributing to one or more of the environmental objectives set out in Article 9 of the EU Taxonomy, by meeting the TSC laid out in Commission Delegated Regulation (EU) 2021/2139 (the ”Climate Delegated Act”) and Commission Delegated Regulation (EU) 2023/2486 (“Environment Delegated Act”), do not significantly harm any of the other objectives in doing so, and comply with the Minimum Safeguard criteria laid out in Article 18 of the EU Taxonomy.