UN Global Compact – our Communication on Progress (CoP)
Swiss Re is a signatory to the UN Global Compact and its ten principles:
"Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another. By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success."
www.unglobalcompact.org/what-is-gc/mission/principles
Our Communication on Progress (CoP) for 2018 is fully integrated into our 2018 Corporate Responsibility Report. Below you can find references to the relevant sections for each of the Compact's ten principles.
Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: Make sure that they are not complicit in human right abuses.
Labour
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Principle 4: The elimination of all forms of forced and compulsory labour.
Principle 5: The effective abolition of child labour.
Principle 6: The elimination of discrimination in respect of employment and occupation.
Environment
Principle 7: Business should support a precautionary approach to environmental challenges.
- Our Corporate Responsibility Topics, goals and achievements
- Focus: Climate change
- Natural catastrophes and climate change
- Strengthening risk resilience: 2018 highlights
- Our Sustainability Risk Framework especially: Focus: Introduction of our thermal coal policy
- Emerging risks
- Investments
- Risk knowledge: Mitigating climate risk
- Swiss Re Institute
- Collaboration with (inter-)governmental and academic institutions
- Reducing our footprint
Principle 8: Undertake initiatives to promote greater environmental responsibility
- Our Corporate Responsibility Topics, goals and achievements
- Focus: Climate change
- Natural catastrophes and climate change
- Strengthening risk resilience: 2018 highlights
- Our commitment to the United Nations
- Our Sustainability Risk Framework, especially: Client and industry interaction and Focus: Introduction of our thermal coal policy
- Investments, especially: Promoting responsible investing
- Risk knowledge: Mitigating climate risk
- Swiss Re Institute
- Collaboration with (inter-)governmental and academic institutions
- Reducing our footprint
Principle 9: Encourage the development and diffusion of environmentally friendly technologies.
- Our Corporate Responsibility Topics, goals and achievements
- Focus: Climate change
- Sustainable energy solutions
- Investments: Inclusion
- Risk knowledge: Mitigating climate risk
- Swiss Re Institute
- Reducing our footprint, especially: Renewable energy and RE100/EP100, Focus: Entering into a virtual power purchase agreement, Reducing energy consumption, Focus: Turning cotton waste into clean electricity in China