SWISS RE AG.
SR9.XETRA | Reinsurance
Swiss Re AG is a leading global reinsurance company. It operates through various segments, including Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions. The company provides a wide range of reinsurance products and services, including property, casualty, life, and he...Show More
Better Health for All
10
Swiss Re's core reinsurance products provide significant health benefits by enabling financial protection and access to care. Its Life & Health Reinsurance (L&H Re) division reinsured over 200 million policies in 2024.
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, covering 284 million family members globally in 2022.
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In 2022, the company supported 199,000 mortality payments, 110,000 disability payments, 40,000 critical illness payments, 800,000 annuity payments, and 6.2 million medical reimbursements.
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In 2024, Swiss Re developed cancer insurance with life insurance providers in Central and Eastern Europe to ease financial burdens.
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A company study indicates that health and wellness programs on term life products can improve mortality and lapse rates.
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Swiss Re also partners with dacadoo for the MyWellLife app, which uses AI coaching, gamification, and rewards to encourage healthy lifestyles, and with Daido Life Insurance for a step-count discount program.
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For mental health, Swiss Re has partnered with Wysa for mental wellbeing support and maintains a global employee resource group focused on mental health awareness.
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Fair Money & Economic Opportunity
0
Swiss Re AG operates primarily as a global reinsurance company, meaning its core business involves insuring other insurance companies rather than directly providing consumer lending, deposit services, or retail financial products. Consequently, several KPIs related to direct consumer financial services are not applicable. The company does not offer consumer credit products, generate or manage consumer finance data, provide debt products, or operate financial service access points, leading to a score of 0 for pricing fairness, exploitative fee exposure, data accessibility, fair lending compliance, debt burden ratio, geographic inclusion, and product simplicity. For other KPIs, such as underserved client share, inclusion initiatives, wealth building outcomes, profit reinvestment, and financial literacy initiatives, the provided articles discuss general market trends, the importance of financial inclusion, or Swiss Re's broad ambitions and reinsurance activities, but they do not offer specific, quantifiable data points directly attributable to Swiss Re's operations that align with the rubric's thresholds.
Fair Pay & Worker Respect
30
The company's global adjusted gender pay gap was 1.4% in 2024, indicating that women earn 98.6% of men's pay in comparable roles, which remained unchanged from 2023.
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The Employee Engagement Index for 2024 was 84%, representing a 3% increase year-over-year
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and slightly exceeding the finance/insurance industry benchmark of 82%.
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No specific quantitative data was available regarding living wage coverage, CEO to median employee pay ratio, collective bargaining share, safety incident rate, voluntary employee turnover, substantiated labor law violations, insecure contract share, or health insurance coverage for the workforce.
Fair Trade & Ethical Sourcing
0
The provided articles, including Swiss Re's sustainability report
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, modern slavery act transparency statement
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, and code of conduct
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, explicitly state that they lack specific quantitative data for all KPIs related to Fair Trade & Ethical Sourcing. No information is available regarding fair trade certification share
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, audit frequency
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, forced or child labor incidents
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, traceability coverage
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, remediation speed
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, ethical clause coverage
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, materials risk index
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, or supplier diversity spend
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.
Honest & Fair Business
10
Swiss Re has a formal whistleblower protection policy, including a hotline for anonymous reporting, and a Whistleblowing Programme with a 98% completion rate of mandatory training on reporting misconduct.
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The company maintains a 'Global Standard on Anti-Bribery and Corruption' and a 'Global Policy on Financial Crime and Sanctions' that comply with FCPA and UK Bribery Act, explicitly prohibiting bribery, facilitation payments, gifts, and commissions.
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Due diligence is performed on business partners, a Gifts and Hospitality Register is maintained, and mandatory training is provided annually.
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125 ICP cases were investigated, with 109 in 2023, and assurance activities are reviewed by the Group Executive Committee, Audit Committee, and internal/external auditors.
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The company's bylaws require at least three-quarters (75%) of Board members to be independent.
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Kind to Animals
-10
Swiss Re insured at least 19 large Brazilian farms between 2016 and 2022 that were found by Brazilian authorities to have committed illegal deforestation and other offenses, and a 2024 investigation showed continued neglect of duty of care.
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This directly supports activities that destroy critical habitats. As a reinsurance company, Swiss Re does not have products requiring cruelty-free certification, conduct in-house animal testing, operate animal husbandry, source animal-derived ingredients, or engage in animal agriculture, making several animal welfare KPIs not applicable to its direct operations. Swiss Re has a sector-specific policy against animal testing for its re/insurance transactions, prohibiting support for activities involving severe animal mistreatment or use of primates/endangered species in testing, unless necessary for life-saving drugs.
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No War, No Weapons
10
Swiss Re has a clear corporate ban on military sales, stating it does not support activities related to prohibited war materials, including biological and chemical weapons, anti-personnel mines, cluster weapons, and nuclear weapons (with an exception for NPT states).
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As of January 2025, it also limits its appetite to invest in companies with severe and systematic controversies related to white phosphorus and depleted uranium weapons.
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This policy applies a 0% materiality threshold for prohibited war materials, indicating verified zero exposure.
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The company does not support the transport or sale of arms to countries considered conflict-affected.
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Swiss Re's ESG Risk Framework includes a sector-specific exclusion for the "Defence" industry, covering controversial weapons and production/transport of weapons to conflict areas, which implies 100% divestment from such assets.
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The Board of Directors oversees the Group Sustainability Strategy, including the Defence Policy within its ESG Risk Framework.
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The Social/Human Rights Umbrella Guideline seeks to align Swiss Re’s corporate conduct with the UN Guiding Principles on Business and Human Rights, and the company screens investments for alignment with UN Global Compact Principles.
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As a reinsurer, the company is not subject to Arms Trade Treaty compliance declarations.
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Planet-Friendly Business
-30
The company's total Scope 1, 2, and 3 greenhouse gas emissions were 150,812 tCO₂e in 2024.
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It has committed to the Science Based Targets initiative (SBTi) for net-zero GHG emissions by 2050, with science-based targets for operational emissions and interim targets for 2025 and 2030.
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The company has maintained 100% renewable electricity use across its operations since 2020.
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In 2024, 24% of its real estate portfolio was green certified, and it achieved a 56% waste diversion rate.
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For carbon offsets, 43% of GHG emissions were compensated with carbon removal certificates and the remaining 57% with Gold-Standard certified avoidance certificates in 2024.
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Regarding its supply chain, 46% of vendors by spend had science-based targets in 2024.
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The company is an inaugural member of the TCFD (since 2017) and published its first Climate Transition Plan in 2024.
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It assesses climate-related risks considering different climate scenarios, including 1.5°C pathways, RCP4.5, and RCP8.5, with projected changes in losses.
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It actively addresses stranded asset risk through policies restricting re/insurance and investments in thermal coal and carbon-intensive oil and gas, with a 2030 exit target for coal in its portfolios.
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Respect for Cultures & Communities
-50
Swiss Re provided at least 19 insurance policies between 2016 and 2022 for farms in Brazil that were subject to environmental prohibitions due to illegal deforestation.
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Several of these contracts, including at least five for Janaína Farm between 2017 and 2024, covered areas overlapping indigenous lands or quilombola communities; for example, 43% of Janaína Farm's area overlaps an Indigenous Land.
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In 2024, Swiss Re insured at least three farms that were notified for illegal deforestation, with contracts covering areas overlapping indigenous lands and quilombola communities.
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Additionally, a cattle rancher insured by Swiss Re is under investigation for poisoning a stream used by a quilombola community.
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Despite these allegations of land rights violations, Swiss Re did not comment on the specific cases, stating only improvements to risk analysis processes.
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In 2022, only 21 of 250 cases involving potential ESG issues addressed by Swiss Re's risk team resulted in contract terminations.
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Safe & Smart Tech
0
No specific, concrete data points were found in the provided articles to assess SR9.XETRA against any of the Safe & Smart Tech KPIs. The articles either discuss general industry trends, are job postings outlining desired roles rather than current company practices, or explicitly state that no relevant data for SR9.XETRA or Safe & Smart Tech is present
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. Job responsibilities for a new hire are not considered evidence of current, implemented company practices or their effectiveness.
Zero Waste & Sustainable Products
0
No specific, quantifiable evidence was found in the provided articles regarding SR9.XETRA's performance across any of the 'Zero Waste & Sustainable Products' KPIs. The articles discuss general trends in the circular economy, global recycling rates, and initiatives by other companies or countries, but do not provide data directly attributable to SR9.XETRA's waste management, product design, or sustainability efforts.