Inclusion

Through the Inclusion pillar, we aim to finance solutions or assets that participate in addressing environmental or social objectives as defined by the UN Sustainable Development Goals (SDGs). This includes green, social and sustainability bonds and infrastructure debt.

Green, social and sustainability bonds
Swiss Re’s target is for green, social and sustainability bonds to represent at least 5% of its public fixed income portfolio by the end of 2029. The public fixed income portfolio is composed of credit bonds and government bonds. We only consider bonds to be contributing to target achievement if they meet the International Capital Market Association’s (ICMA) Green Bond Principles (GBP) and/or ICMA Social Bond Principles (SBP). Swiss Re’s internal and external investment managers are contractually required to favour such bonds over traditional bonds, provided all other factors are equal.

Infrastructure debt
Swiss Re has set an interim target to commit at least USD 750 million of additional capital towards climate solution and social infrastructure debt by year-end 2029 relative to base year 2024, based on original face values. The investments include loans to finance projects that support climate change mitigation, transition enablement and/or climate change adaptation. The Sustainable Development Investments (SDI) Taxonomy of the SDI Asset Owner Platform informs which investments can be counted towards the defined target.