Swiss Re Europe’s motivations to participate in IMS Luxembourg’s activities:
Swiss Re Europe S.A in Luxembourg is actively contributing to the Swiss Re group sustainability strategy. We have signed the Diversity Charter back in 2017. Since then, we dedicate time and budget to promote diversity, equity and inclusion topics at the location level, in line with our global strategy. IMS activities are resonating for us and we'd like to become a visible player on the Luxembourg market. IMS has played a key role in some of our projects this year and we'd like to get this partnership grow.
Swiss Re Europe’s CSR policy:
Sustainability has been on Swiss Re's agenda long before it became a buzzword. The first climate and environmental-related publications were published in the 1970s. In 2019, we introduced a new Group Sustainability Strategy to not only manage the risks of sustainability but also grasp the opportunities in a strategic approach. After 3 years of sweeping external developments (within insurance industry, corporate sectors, regulatory environment and investor community) and of internal learnings, it was time to take a fresh look at the strategy and adjust it based on a new materiality assessment. The survey showed a clear focus on the macro topics of natural catastrophe protection, climate change adaptation, decarbonisation and financial inclusion, as well as the micro topics of ESG risk management and human capital development.
Swiss Re Europe’s CSR actions and frameworks:
Advancing the net zero transition
We strive to minimise the environmental impacts of our business and have committed to net-zero greenhouse gas emissions by 2050. We aim to play our part in accelerating the transition to a low-carbon economy by de-risking transition projects and infrastructure, scaling up related investments, decarbonising our operations and working with suppliers, clients, and investees to support them in doing the same.
The first ambition is implemented with a focus on the following activities:
Committing to a decarbonisation pathway and setting emission reduction targets for assets, liabilities, and operations
Providing risk transfer solutions and investments to advance the net-zero transition across different sectors
Engaging with clients and stakeholders, building on Swiss Re's risk knowledge
Building societal resilience
We build societal resilience by enhancing disaster resilience and fostering financial inclusion in both advanced and emerging economies. Urbanisation, economic development, growing asset concentrations in exposed areas and climate change are leading to increased natural catastrophe losses. Combining risk prevention, risk mitigation and risk transfer measures form part of a comprehensive disaster resilience and adaptation strategy. Furthermore, Swiss Re fosters financial inclusion by facilitating access to insurance. With our re/insurance solutions and knowledge sharing, we help to increase societal resilience.
The second ambition focuses on
Closing the natural catastrophe protection gap by offering re/insurance products and services against natural catastrophes, including climate adaptation
Fostering financial inclusion with a focus on household financial protection and healthcare protection
Engaging with clients and stakeholders, building on Swiss Re´s risk knowledge
These two ambitions are supported by the following enablers:
People and operations
ESG risk management
Governance and compliance