Swiss Re at Rio+20: setting a sustainable standard with the UN Principles for Sustainable Insurance

Swiss Re signs the UN Principles for Sustainable Insurance, further showing that addressing global sustainability challenges is part of our DNA.

The Principles for Sustainable Insurance, a global sustainability framework and initiative for the world’s re/insurers to manage various global challenges, was launched 19 June as part of the UN Conference on Sustainable Development in Rio de Janeiro (Rio+20).

Swiss Re has been actively contributing over the years to the development of the Principles and is proud to be a founding signatory. "The Principles for Sustainable Insurance create a global framework to manage environmental, social and governance challenges. I am proud that the insurance industry has now formally agreed to take the necessary steps towards an important common goal: making societies more resilient, inclusive and thus contributing to progress in the interest of all of us."  Michel Liès, Swiss Re Group CEO, said. Learn more about Swiss Re’s commitment to the Principles – and sustainability overall – from Swiss Re Group CEO Michel Liès in the video below.

Swiss Re’s signing of the Principles is yet another example of our long-standing commitment to integrate sustainability considerations into our core business.  In 2007, Swiss Re signed the UN Principles for Responsible Investment, a set of standards designed to help institutional investors take environmental, social and governance issues into account when making investment decisions.

Two years later, Swiss Re established the Sustainability Risk Framework, an in-house set of policies consulted for potentially controversial transactions due to their impact on the environment or society, or because they raise ethical concerns.

The R4 Rural Resilience Initiative is another example of our commitment to sustainability. Established in 2010, R4 gives poor farmers and rural households in Ethiopia the option to pay for insurance by contributing their time and labour to local climate adaptation measures, such as crop irrigation and forestry projects. In turn, this builds societal resilience and contributes to global sustainability.

Learn about further initiatives in our Corporate Responsibility Report 2011.

Published 19 June 2012

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