SASB reference table
See below for Swiss Re’s disclosures related to the Sustainability Accounting Standard Board (SASB) since reporting year 2023.
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2025
Zurich, 12 March 2026
This reference table follows the recommendations of the SASB standards for the insurance industry (version 2025-12), and indicates of where relevant information can be found in the Sustainability Report, which is included in the Annual Report. This is a summary overview. For further information, refer to the Annual Report 2025.
Abbreviations:
- AR: Annual Report
Topic
Accounting metric
Swiss Re disclosure
Transparent Information & Fair Advice for Customers
Accounting metric
Total amount of monetary losses as a result of legal proceedings associated with marketing and communication of insurance product-related information to new and returning customers (FN-IN-270a.1)
Swiss Re disclosure
Not disclosed. This metric is not considered relevant for a reinsurer (as primarily B2B business).
Accounting metric
Complaints-to-claims ratio (FN-IN-270a.2)
Swiss Re disclosure
Not disclosed. This metric is not considered relevant for a reinsurer (as primarily B2B business).
Accounting metric
Customer retention rate (FN-IN-270a.3)
Swiss Re disclosure
Not disclosed.
Accounting metric
Description of approach to informing customers about products (FN-IN-270a.4)
Swiss Re disclosure
Not disclosed. This metric is not considered relevant for a reinsurer (as primarily B2B business).
Incorporation of Environmental, Social and Governance Factors in Investment Management
Incorporation of Environmental, Social and Governance Factors in Investment Management
Accounting metric
Description of approach to incorporation of environmental, social and governance (ESG) factors in investment management processes and strategies (FN-IN-410a.2)
Swiss Re disclosure
Swiss Re integrates sustainability considerations alongside other relevant business factors across its investment portfolio, aiming to generate attractive, long-term risk-adjusted returns. The Group Chief Investment Officer is responsible for developing and systematically integrating sustainability aspects across the entire investment process, as well as driving progress towards related targets. Swiss Re has a Responsible Investing strategy in place. For details, see:
AR: Key policies and frameworks: The ESG Risk Framework
AR: Key policies and frameworks: Responsible Investing strategy
AR: Sustainability governance: Sustainability-related involvement of the Group EC
AR: Climate-related disclosures: Climate strategy
AR: Climate-related disclosures: Climate targets and metrics
Policies Designed to Incentivise Responsible Behaviour
Policies Designed to Incentivise Responsible Behaviour
Accounting metric
Net premiums written related to energy efficiency and low carbon technology (FN-IN-410b.1)
Swiss Re disclosure
While small compared to its overall business, Swiss Re offers re/insurance products that help clients manage the risks associated with renewable energy projects. This business is supported by Swiss Re’s strong capabilities and expertise in renewable energy. For details, see:
AR: Climate-related disclosures: Climate strategy
AR: Climate-related disclosures: Climate targets and metrics
Accounting metric
Discussion of products or product features that incentivise health, safety or environmentally responsible actions or behaviours (FN-IN-410b.2)
Swiss Re disclosure
Swiss Re helps its clients and partners manage the risks they face by assuming and transferring risks to its balance sheet. Its offering includes risk transfer products, solutions and insights that help address key environmental and social challenges, and contribute to implementing the two ambitions of the Group Sustainability Strategy: building societal resilience and supporting the net-zero transition. As part of Swiss Re’s Climate Transition Plan, Swiss Re intends to grow its risk transfer products and investments that support the net-zero transition. For details, see:
AR: Climate-related disclosures: Climate strategy
AR: Social matters: Natural catastrophe protection
AR: Social matters: Life and health protection
Swiss Re shares knowledge and engages in dialogue with stakeholders, see:
AR: Approach to Sustainability: Stakeholders
AR: Approach to Sustainability: Group Sustainability Strategy
Financed Emissions
Financed Emissions
Accounting metric
Absolute gross financed emissions, disaggregated by (1) Scope 1, (2) Scope 2 and (3) Scope 3 (FN-IN-410c.1)
Swiss Re disclosure
Swiss Re prepares its climate-related disclosures in accordance with the TCFD recommendations, including disclosures on emissions data and related methodologies, assumptions and data limitations.
Swiss Re discloses financed emissions data in accordance with the PCAF Standard Part A (PCAF, 2022), disaggregated by asset class. As of year-end 2025, Swiss Re’s absolute financed GHG emissions covered 66% of the investment portfolio. For details, see:
AR: Climate-related disclosures: Climate Transition Plan
AR: Climate-related disclosures: Climate targets and metrics
Accounting metric
Gross exposure for each industry by asset class (FN-IN-410c.2)
Swiss Re disclosure
Delivered as “Asset class book value” within “Financed emissions by asset class” table, see:
AR: Climate-related disclosures: Climate targets and metrics
Accounting metric
Percentage of gross exposure included in the financed emissions calculation (FN-IN-410c.3)
Swiss Re disclosure
Delivered as “Asset class coverage” within “Financed emissions by asset class” table, see:
AR: Climate-related disclosures: Climate targets and metrics
Accounting metric
Description of the methodology used to calculate financed emissions (FN-IN-410c.4)
Swiss Re disclosure
For methodology description, see:
AR: Climate-related disclosures: Climate targets and metrics
AR: Climate-related disclosures: Climate targets and metrics
Physical Risk Exposure
Physical Risk Exposure
Accounting metric
Probable Maximum Loss (PML) of insured products from weather-related natural catastrophes (FN-IN-450a.1)
Swiss Re disclosure
Swiss Re uses annual expected losses (AEL) from weather-related perils to identify material portfolios that are potentially exposed to changes in the frequency and severity of extreme weather events due to climate change.
To assess the risk of individual rare natural catastrophe events, Swiss Re employs value-at-risk (VaR) or tail VaR metrics. For example, the 99.5% VaR represents the loss likely to be exceeded in only one year out of two hundred. For details, see:
AR: Climate-related disclosures: Climate targets and metrics
For results of insurance risk stress tests for peak insurance risks, see:
AR: Risk and capital management: Quantification of insurance financial risk
Accounting metric
Total amount of monetary losses attributable to insurance pay-outs from (1) modelled natural catastrophes and (2) non-modelled natural catastrophes, by type of event and geographical segment (net and gross of reinsurance) (FN-IN-450a.2)
Swiss Re disclosure
For the sum of large natural catastrophe claims incurred, see:
Accounting metric
Description of approach to incorporation of environmental risks into (1) the underwriting process for individual contracts and (2) the management of entity-level risks and capital adequacy (FN-IN-450a.3)
Swiss Re disclosure
When underwriting transactions, Swiss Re considers a variety of factors and has a specific process in place to assess potential ESG risk exposures, where information granularity is available and allows for a meaningful ESG risk assessment. In underwriting, the level of granularity needed for ESG risk assessments is most often found in single-risk re/insurance business. For details, see:
AR: Approach to Sustainability: The ESG Risk Framework
Systemic Risk Management
Systemic Risk Management
Accounting metric
Exposure to derivative instruments by category: (1) total exposure to noncentrally cleared derivatives, (2) total fair value of acceptable collateral posted with a central clearinghouse, and (3) total exposure to centrally cleared derivatives (FN-IN-550a.1)
Swiss Re disclosure
Accounting metric
Total fair value of securities lending collateral assets (FN-IN-550a.2)
Swiss Re disclosure
Accounting metric
Description of approach to managing capital- and liquidity-related risks associated with systemic non-insurance activities (FN-IN-550a.3)