Swiss Re Asset Administration operates inside a well-defined framework. Sturdy governance is essential to together with ESG concerns alongside the whole funding course of in a structured and managed approach. The Accountable Investing technique relies on clear rules, procedures and tasks according to Swiss Re’s Code of Conduct and formal dedication to sustainability.
The Board of Director Funding Committee evaluations Swiss Re’s Asset Administration actions and, as a part of this, receives common updates on our method to enhancing accountable investing.
The general duty for the Accountable Investing technique lies with the Group Chief Funding Officer (Group CIO), who indicators off funding choices inside the Group’s Strategic Asset Allocation (SAA). The Asset Administration Funding Committee evaluations and discusses strategic choices and enhancements associated to Swiss Re’s Accountable Investing technique and advises the Group CIO on them.
The SAA & Markets Committee evaluations and discusses operational choices associated to Swiss Re’s Accountable Investing technique and advises the co-heads SAA & Markets on associated choices and enhancements. Thereby, the SAA & Markets Committee formally ensures the constant implementation of Swiss Re’s Accountable Investing coverage throughout funding actions.
Swiss Re’s Head Accountable Investing (Head RI), with the help of a devoted group, develops and coordinates the implementation of the Accountable Investing technique inside the unit. As a part of this, the Head RI steers the ESG Advisory Board, a physique fashioned by representatives of all funding items in addition to Authorized, Compliance and Group Danger Administration. The ESG Advisory Board members report on accountable funding actions within the varied funding items, develop and assessment enchancment concepts, share information and monitor implementation progress.
The Swiss Re Accountable Investing coverage describes the method, specifies roles and tasks within the organisation, and defines implementation and monitoring requirements for ESG standards within the Group’s funding portfolio.
The coverage is reviewed periodically and up to date if required. It’s complemented by the Swiss Re Asset Administration’s Stewardship coverage, which gives guiding rules that apply to the stewardship actions and is according to regulatory developments such because the Shareholder Rights Directive 2017/828 (SRD II). It rounds off the combination of the Enhancement method and particularly expresses Swiss Re’s dedication to being a shareholder. Extra info on Swiss Re Asset Administration’s stewardship actions might be discovered underneath Enhancement.
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