Client and industry interaction
Over the year, we had a number of important external engagements on sustainability risks with clients, industry peers, investors and civil society groups such as environmental and humanitarian NGOs. We held in-person meetings with clients operating in sensitive sectors such as mining, forestry and oil & gas, discussing potential measures they could take to address their sustainability risks.
Further exchanges took place in the context of our activities around thermal coal, focusing on the dedicated policy we introduced during 2018. For example, we participated in the Coal Exit Roundtable organised by the Unfriend Coal Campaign (unfriendcoal.com) in Paris in March 2018.
In partnership with other re/insurers, we are also developing risk assessment tools designed to help the industry better understand and manage sustainability risks. One of these ongoing partnerships is the UNEP Finance Initiative Principles for Sustainable Insurance (UNEP FI PSI, www.unepfi. org/psi). In 2018, the UNEP FI PSI launched an insurance industry pilot examining the implementation of the Climate-related Financial Disclosures (TCFD), to which Swiss Re actively contributes.