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2016 Corporate Responsibility Report

GRI Content Index

with UN Global Compact Communication on Progress (COP) references

This Corporate Responsbility Report contains Standard Disclosures from the G4 Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI). The corresponding GRI Content Index (indicator G4-32) is provided below.

References to the UN Global Compact principles addressed as part of our Communication on Progress (COP) are incorporated into the GRI Content Index, in line with UN recommendations.

General standard disclosures

Strategy and analysis

 

 

UN Global Compact principle

Page

G4-1

Chairman’s and CEO’s statement

Statement of continuing support

Executive statement

G4-2

Key impacts, risks and opportunities

 

Review of our Corporate Responsibility Topics
Creating solutions for sustainability
Natural catastrophes and climate change
Our Sustainability Risk Framework
Our Top Topics

Identified material aspects and boundaries

 

 

UN Global Compact principle

Page

G4-17

Scope of financial report

 

FR: Notes to the Group financial statements
FR: Note 19 – Significant subsidiaries and equity investees

G4-18

Content definition

 

Implementation areas
Overview: where and how we have addressed our Corporate Responsibility (CR) Topics
Content definition

G4-19

List of material aspects

 

Review of our Corporate Responsibility Topics
Goals for our Corporate Responsibility Topics

G4-20

Internal boundaries of material issues

 

Disclosure and accountability

G4-21

External boundaries of material issues

 

Disclosure and accountability

G4-22

Restatements

 

Disclosure and accountability

G4-23

Changes in scope

 

Disclosure and accountability

Stakeholder engagement

 

 

UN Global Compact principle

Page

G4-24

List of stakeholders

 

How we determine materiality

G4-25

Basis for stakeholder identification

 

How we determine materiality

G4-26

Approaches to stakeholder engagement

 

How we determine materiality

G4-27

Key topics raised by stakeholders

 

How we determine materiality
Our Top Topics
Employee Engagement Surveys

Report profile

 

 

UN Global Compact principle

Page

G4-28

Reporting period

 

Disclosure and accountability

G4-29

Most recent previous report

 

Disclosure and accountability

G4-30

Reporting cycle

 

Disclosure and accountability

G4-31

Contact point

 

Imprint

G4-32

GRI content index

 

GRI Content Index

G4-33

External assurance

 

Independent assurance report

Governance

 

 

UN Global Compact principle

Page

G4-34

Governance structure

 

Board and senior management responsibility
Ensuring good corporate governance and compliance
FR: Board of Directors

Ethics and integrity

 

 

UN Global Compact principle

Page

G4-56

Values and Codes of Conduct

10

Our approach to corporate responsibility
Compliance: Code of Conduct

Specific standard disclosures

Economic category

Disclosure on management approach:
Our management approach to the economic category is primarily disclosed in our 2016 Financial Report. Specific aspects (“implications of climate change” and “indirect economic impacts”) are disclosed in this report in the “Who we are and what we do”, “Creating solutions for sustainability” and “Exploring and shaping the risk landscape” chapters.

 

 

 

 

 

 

Material aspect

Indicator

UNGC principle

Page

Omissions

Economic
performance

G4-EC1

Direct economic value generated and distributed

 

Financial highlights and attribution of Group income
FR: Compensation
FR: Group financial statements

 

G4-EC2

Implications of climate change

7

Focus: Climate change
Natural catastrophes and climate change

 

G4-EC3

Benefit plan obligations

 

FR: Note 14 – Benefit plans

 

 

 

 

 

 

 

Indirect economic impacts

G4-EC7

Infrastructure investments

 

Responsible investment: specific approaches per asset class
Supporting financial resilience

 

G4-EC8

Significant indirect impacts

 

Swiss Re at a glance
Financial highlights and attribution of Group income
Natural catastrophes and climate change

 

Environmental category

Disclosure on management approach:
We provide comprehensive disclosure on our management approach to all material aspects of the environmental category in the chapter “Reducing our environmental footprint”.

 

 

 

 

 

 

Material aspect

Indicator

UNGC principle

Page

Omissions

Materials

G4-EN1

Materials used by weight/volume

8

CO2 emissions and underlying environmental data
Paper, water and waste

 

G4-EN2

Recycled materials used

8

CO2 emissions and underlying environmental data
Paper, water and waste

 

 

 

 

 

 

 

Energy

G4-EN3

Direct energy consumption

7, 8

CO2 emissions and underlying environmental data

 

G4-EN4

Indirect energy consumption

8

CO2 emissions and underlying environmental data

 

G4-EN5

Energy intensity

8

CO2 emissions and underlying environmental data
Reducing energy consumption

 

G4-EN6

Reduction of energy consumption

8, 9

CO2 emissions and underlying environmental data
Reducing energy consumption

 

 

 

 

 

 

 

Water

G4-EN8

Water use

7, 8

CO2 emissions and underlying environmental data
Paper, water and waste

 

 

 

 

 

 

 

Emissions

G4-EN15

Direct greenhouse gas emissions (Scope 1)

7, 8

Goals and scope of the programme's second phase
CO2 emissions and underlying environmental data

 

G4-EN16

Indirect greenhouse gas emissions (Scope 2)

7, 8

Goals and scope of the programme's second phase
CO2 emissions and underlying environmental data

 

G4-EN17

Other indirect greenhouse gas emissions (Scope 3)

7, 8

Goals and scope of the programme's second phase
CO2 emissions and underlying environmental data

 

G4-19

Reduction of greenhouse gas emissions

8, 9

Greenhouse Neutral Programme

 

 

 

 

 

 

 

Effluents and waste

G4-EN23

Total weight of waste

8

CO2 emissions and underlying environmental data

 

 

 

 

 

 

 

Transport

G4-EN30

Environmental impact of transport

8

CO2 emissions and underlying environmental data
Minimising business travel

 

 

 

 

 

 

 

Supplier environmental assessment

G4-EN33

Negative environmental impacts addressed in supply chain

8

Sustainability in our supply chain

 

Social category
Sub-category: Labour practices and decent work

Disclosure of management approach:
Our management approach to all material aspects of the sub-category “labour practices and decent work” is disclosed in the chapter “Engaging our people”.

 

 

 

 

 

 

Material aspect

Indicator

UNGC principle

Page

Omissions

Employment

G4-LA1

New hires and turnover

6

Engaging our people

 

 

 

 

 

 

 

Labour/management relations

G4-LA4

Minimum notice periods

3

 

We always respect minimum notice periods and in some cases exceed them.

 

 

 

 

 

 

Occupational health and safety

G4-LA6

Lost days due to illness

 

Our employees' wellbeing

 

 

 

 

 

 

 

Training and education

G4-LA9

Average hours of training

6

Development and training

 

G4-LA10

Skills management and life-long learning

 

Development and training

 

G4-LA11

Regular performance reviews

6

Compensation and benefits

 

 

 

 

 

 

 

Diversity and equal opportunity

G4-LA12

Breakdown of employees

6

Engaging our people
Advancement of women

 

 

 

 

 

 

 

Equal remuneration for women and men

G4-LA13

Ratios of basic salaries

6

 

We adhere to the principle of equal pay as part of our commitment to diversity & inclusion but do not disclose such salary data.

 

 

 

 

 

 

Supplier assessment for labour practices

G4-LA15

Negative impacts on labor practices addressed in supply chain

 

Sustainability in our supply chain

 

Sub-category: Human rights

Disclosure on management approach:
We address human rights aspects relevant to our business through our Sustainability Risk Framework, our supply chain management and employee relations policies. The corresponding management approaches are disclosed in the chapters “Extending our risk intelligence”, “Reducing our environmental footprint” and “Engaging our people”, respectively.

 

 

 

 

 

 

Material aspect

Indicator

UNGC principle

Page

Omissions

Investment

G4-HR1

Coverage of human rights screening

2

Responsible investment: overarching approach

 

G4-HR2

Human rights training

1

Training

 

 

 

 

 

 

 

Freedom of association and collective bargaining

G4-HR4

Addressing risks to freedom of association and collective bargaining

3

Our Sustainability Risk Framework
Sustainability in our supply chain
Employee relations

 

 

 

 

 

 

 

Child labor

G4-HR5

Addressing risk of child labor

5

Our Sustainability Risk Framework
Sustainability in our supply chain

 

 

 

 

 

 

 

Forced or compulsory labor

G4-HR6

Addressing risk of forced labour

4

Our Sustainability Risk Framework
Sustainability in our supply chain

 

 

 

 

 

 

 

Assessment

G4-HR9

Human rights screening

1

Our Sustainability Risk Framework

 

 

 

 

 

 

 

Supplier human rights assessment

G4-HR11

Negative human rights impacts addressed in supply chain

2

Sustainability in our supply chain

 

Sub-category: Society

Disclosure on management approach:
We provide information on our management approach for the “local communities” aspect in the report of the Swiss Re Foundation and the “Creating solutions for sustainability” chapter; for “anti-corruption” in the “Ensuring good corporate governance and compliance” chapter; and for our supply chain in the “Reducing our environmental footprint” chapter.

 

 

 

 

 

 

Material aspect

Indicator

UNGC principle

Page

Omissions

Local communities

G4-SO1

Local community engagement

1

The Swiss Re Foundation
SRF

 

FS14

Initiatives to give access to disadvantaged people

 

Strengthening risk resilience: 2016 highlights
Our commitments

 

 

 

 

 

 

 

Anti-corruption

G4-SO4

Anti-corruption training

10

Sensitive Business Risk process
Compliance: Code of Conduct

 

 

 

 

 

 

 

Supplier assessment for impacts on society

G4-SO9

Negative society impacts addressed in supply chain

 

Sustainability in our supply chain

 

Sub-category: Product responsibility

Disclosure on management approach:
We disclose our management approach to developing products with specific social or environmental benefits in the “Creating solutions for sustainability” chapter and on “active ownership” in the “Responsible investment” section of the “Extending our risk intelligence” chapter.

 

 

 

 

 

 

Material aspect

Indicator

UNGC principle

Page

Omissions

Product portfolio

FS7

Products with specific social benefit

 

Strengthening risk resilience: 2016 highlights
Our commitments
Life & health insurance and funding longer lives

 

FS8

Products with specific environmental benefit

9

Strengthening risk resilience: 2016 highlights
Our commitments
Sustainable energy solutions

 

 

 

 

 

 

 

Active ownership

FS11

Environmental and social screening

1–5, 7

Responsible investment