TCFD Governance

At Swiss Re’s highest governance level, two Board of Directors (BoD) committees are in charge of overseeing implementation of Swiss Re’s climate change strategy. The Chairman’s and Governance Committee, steered by the Chairman, has the overall task of monitoring the Group’s sustainability principles, including initiatives and actions specifically addressing climate change. The Investment Committee reviews Swiss Re’s Asset Management related activities and, as part of this, receives regular updates on Group Asset Management’s responsible investing approach.

Regarding the development and adoption of sustainability policies and strategies, the role of the Board of Directors is to review and endorse them, while the Group Executive Committee approves them.

Group Risk Management is responsible for maintaining a suitable risk policy framework, and the Business Units drive strategic implementation within their respective areas. Group Asset Management is in charge of developing and implementing Swiss Re’s responsible investing strategy under consideration of the Group-wide sustainability principles, which include specific considerations on climate change.

Climate-related financial disclosures of the Financial Stability Board