We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Sergio Ermotti is on the board of the IIF
Sergio Ermotti (Chairman)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Walter Kielholz is vice-chairman of the IIF
Walter Kielholz (Chairman, Swiss Re)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Sergio Ermotti is on the board of the IIF
Sergio Ermotti (Chairman)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Walter Kielholz is vice-chairman of the IIF
Walter Kielholz (Chairman, Swiss Re)
InfluenceMap Data Point on Corporate - Influencer Relationship
Christian Mumenthaler is on the Reinsurance Advisory Board of Insurance Europe
Christian Mumenthaler (CEO, Swiss Re)
InfluenceMap Data Point on Corporate - Influencer Relationship
Christian Mumenthaler is on the strategic board of Insurance Europe
Christian Mumenthaler (CEO, Swiss Re)
InfluenceMap Data Point on Corporate - Influencer Relationship
Christian Mumenthaler is on the Reinsurance Advisory Board of Insurance Europe
Christian Mumenthaler (CEO, Swiss Re)
InfluenceMap Data Point on Corporate - Influencer Relationship
Christian Mumenthaler is on the strategic board of Insurance Europe
Christian Mumenthaler (CEO, Swiss Re)
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Swiss Re has had moderate engagement on sustainable finance policy, with mixed positions.
Top-Line Messaging on Sustainable Finance Policy: Swiss Re has stated support for a role for finance in keeping the global temperature rise to below 1.5 degrees and achieving net-zero by 2050, it has also supported reform to address short-termism in markets. Swiss Re has stated support for regulation on sustainable finance on its website and in consultation responses. In feedback to the European Commission on the Renewed Sustainable Finance Strategy in 2020, Swiss Re appeared to be broadly supportive of existing policies, but was unclear on whether it supported the Commission's ambition on further regulation.
Position on Regulated Corporate ESG Disclosure: In 2022, Swiss Re appeared to support the ISSB's proposal on climate disclosure standards with some minor exceptions around the need for flexibility on certain disclosures. Also in 2022, Swiss broadly supported the EU’s Corporate Sustainability Reporting Directive (CSRD) but stressed the need to balance transparency with feasibility.
Position on Taxonomies: Swiss Re stated broad support for the taxonomy on its website in 2019, however, in feedback on the consultation on the Renewed Sustainable Finance Strategy in 2020, Swiss Re appeared to oppose the expansion of the taxonomy to cover environmentally harmful activities.
Position on ESG Standards/Labels/Benchmarks: In 2019-21, Swiss Re stated support for the EU's climate benchmarks in its CDP responses. In 2020, Swiss Re appeared to support the EU Green Bond Standard in its response to the Commission on the Renewed Sustainable Finance Strategy.
Position on Incorporating ESG Factors Into Risk Management/Prudential Regulation: In response to the European Commission's consultation on Solvency II, Swiss Re appeared to oppose many of the Commission's proposed potential policy actions related to climate risk, including supporting/penalizing factors in capital requirements and climate scenario analysis.
Transparency: Swiss Re does not appear to have made a clear disclosure of its sustainable finance policy engagement. Swiss Re has listed some of its industry associations on its website, without any further information about governance of indirect engagement.