Under certain conditions, we exclude individual companies and countries from our business. Decisions apply to both our re/insurance business and asset management.

Company exclusions

The policies of our Sustainability Risk Framework define certain criteria that may lead to the exclusion of a company from both our re/insurance transactions and investments, to the extent that such an exclusion is permissible (eg by virtue of mandatory law or internal policies) and possible (eg if existing documentation relating to such re/insurance transactions and investments provide for it). These activities include:

  • involvement in prohibited war material
  • verifiable complicity in systemic, repeated and severe human rights violations;
  • infliction of repeated, severe and unmitigated damage to the environment;
  • and unregulated proliferation of nuclear weapons.

Country exclusions

Swiss Re excludes certain countries from its business, beyond compliance with International Trade Controls (ITCs). The criteria for these country exclusions are a particularly poor human rights record and no prospect of improvement. Our goal is to not directly underwrite risks or make investments into entities that are based in these countries. At the end of 2015, the countries excluded from our business due to human rights reasons and political risks were the Central African Republic, Chad, DR Congo, North Korea, Somalia, South Sudan, Sudan and Syria.

Asset management screening

Decisions to exclude a company or a country from our business also apply to our asset management. For most asset classes, these decisions are applied strictly; for some specific asset classes they are applied whenever possible, eg for investments into comingled investment vehicles.

Corporate responsibility

Corporate responsibility

We have a long-standing commitment to corporate responsibility and strive to implement this across our business. Our performance has received high ratings from independent third-party organisations.

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A leader in sustainability

Swiss Re was insurance industry sector leader in the 2016 Dow Jones Sustainability Indices (DJSI) for the third consecutive year and the tenth time since 2004.

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