Memberships, commitments and index listings
Listed here is a selection of Swiss Re’s most important memberships, commitments and index listings with regard to corporate responsibility.
Memberships and commitments
CDP
CDP is a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Chief Risk Officer (CRO) Forum
The CRO Forum is a group of professional risk managers from the insurance industry that focuses on developing and promoting industry best practices in risk management. The Forum consists of Chief Risk Officers from large multi-national insurance companies.
ClimateWise
ClimateWise supports the insurance industry to better communicate, disclose and respond to the risks and opportunities associated with the climate-risk protection gap. This is the growing divide between total economic and insured losses attributed to climate change.
www.cisl.cam.ac.uk/business-action/sustainable-finance/climatewise
European Commission’s Technical Expert Group on Sustainable Finance (TEG)
The TEG assists the European Commission in the development of a unified classification system for sustainable economic activities, an EU green bond standard, methodologies for low-carbon indices, and metrics for climate-related disclosure.
ec.europa.eu/info/publications/sustainable-finance-technical-expert-group_en
FSB Task Force on Climate-related Financial Disclosures
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. Its Task Force on Climate-related Financial Disclosures (TCFD) has developed voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers and other stakeholders.
Insurance Development Forum (IDF)
The IDF is a public/private partnership led by the insurance industry and supported by international organisations. It aims to optimise and extend the use of insurance and its related risk management capabilities to build greater resilience and protection for people, communities, businesses, and public institutions that are vulnerable to disasters and their associated economic shocks. In 2019, we endorsed IDF's commitments to increase insurance protection in climate-exposed countries.
Klimastiftung Schweiz (Swiss Climate Foundation)
The Swiss Climate Foundation is a voluntary initiative by business for business. The Foundation’s mission is to promote climate protection and strengthen Switzerland and Liechtenstein as business locations. Swiss Re is one of the foundation’s members and is sponsoring its managing director.
Net-Zero Asset Owner Alliance
The Net-Zero Asset Owner Alliance is an international group of institutional investors delivering on the commitment to transition their investment portfolios to net-zero GHG emissions by 2050, showing united investor action to align portfolios with a 1.5°C scenario. Swiss Re is a co-founder of the Alliance.
www.unepfi.org/net-zero-alliance/
Paris Pledge for Action
By joining the Paris Pledge for Action, businesses, cities, civil society groups, investors, regions, trade unions and other signatories have promised to ensure that the ambition set out by the Paris Agreement is met or exceeded to limit global temperature rise to less than 2°C.
Principles for Responsible Investment (PRI)
The PRI is the world’s leading proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
Principles for Sustainable Insurance (PSI)
Launched at the 2012 UN Conference on Sustainable Development, the UNEP FI Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance risks and opportunities.
RE100 and EP100
Led by The Climate Group in partnership with CDP, RE100 is a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity.
theRE100.org/In partnership with the Alliance to Save Energy, The Climate Group’s EP100 initiative brings together a growing group of energy-smart companies committed to improving their energy productivity and doing more with less.
www.theclimategroup.org/project/ep100
Swiss Sustainable Finance (SSF)
By shaping and informing on best practice and creating supportive frameworks and tools, SSF supports its members and cooperates with other actors in order for the Swiss financial centre to achieve a leading position in sustainable finance.
The Climate Group
The goal of The Climate Group is a world of no more than 1.5°C of global warming and greater prosperity for all. It brings together powerful networks of businesses and governments, which shift global markets and policies, towards this goal.
UN Global Compact
The UN Global Compact supports companies to do business responsibly by aligning their strategies and operations with its ten principles on human rights, labour, environment and anti-corruption; and to
take strategic actions to advance broader societal goals, such as the UN Sustainable Development Goals, with an emphasis on collaboration and innovation.
In 2019, we signed the UN Global Compact Business Ambition for 1.5°C.
UNEP Finance Initiative (UNEP FI)
UNEP FI is a partnership between UNEP and the global financial sector to mobilise private sector finance for sustainable development. It works with more than 300 members – banks, insurers, and investors – and over 100 supporting institutions to help create a financial sector that serves people and the planet while delivering positive impacts.
WEF Alliance of CEO Climate Leaders
The Alliance of CEO Climate Leaders is a global network of chief executive officers who see the business benefits of bold and proactive action to ensure a smooth transition to a low-carbon and climate-resilient economy.
www.weforum.org/projects/alliance-of-ceo-climate-leaders
Selected index listings and ratings
MSCI AAA rating (July 2019)
Dow Jones Sustainability Indices, Bronze Class
Bloomberg Gender-Equality Index
Ethibel Sustainability Index (ESI), Excellence Global
Euronext Vigeo Eiris indices: Europe 120
FTSE4Good Index Series
ISS QualityScore Enviromental, Social & Governance
ISS ESG Prime
