Sustainability reporting

The Sustainability Report is our primary means of reporting progress on the implementation of our Group Sustainability Strategy.  

As of reporting year 2023, the Sustainability Report provides transparency on nonfinancial matters as required under Article 964a et seqq. of the Swiss Code of Obligations (CO), commonly referred to as the indirect counterproposal to the Responsible Business Initiative (RBI CP). In accordance with Article 964b CO, we disclose information on relevant environmental matters, in particular the CO₂ goals, social issues, employee-related issues, respect for human rights and combating corruption.

Our Board of Directors approved the Sustainability Report 2023 on 12 March 2024. The Sustainability Report was published on 13 March 2024, together with our Financial Report and Business Report. Swiss Re's shareholders approved the Sustainability Report 2023 in a consultative vote at the Annual General Meeting on 12 April 2024.

For a comprehensive overview of our performance in 2023, the Sustainability Report should be read in conjunction with the Financial Report.

The Sustainability Report 2023 covers the Swiss Re Group, which is headquartered in Zurich, Switzerland, comprising of Swiss Re Ltd (the parent company) and its subsidiaries. For more detailed information on the scope of the Sustainability Report, see About this report.

We take several sustainability reporting frameworks into consideration.

As of reporting year 2023, we publish our Climate-related Financial Disclosures (TCFD) in the Sustainability Report instead of in the Financial Report.  

Other reporting frameworks we consider are the Sustainability Accounting Standard for the insurance industry as defined by the Sustainability Accounting Standards Board (SASB) and the standards issued by the Global Reporting Initiative (GRI). Reference tables providing an overview of our disclosures according to these frameworks can be found at:

• GRI reference table
• SASB reference table

We remain committed to advancing the Ten Principles of the UN Global Compact. The Group’s annual Communication on Progress, including the CEO Statement of Continued Support, is published on the UN Global Compact reporting platform. 

We also continue to report against the Principles for Sustainable Insurance (PSI) and publish an annual Disclosure of Progress.

The Sustainability Report has received independent limited assurance from KPMG AG. The independent assurance report can be found in the Sustainability Report 2023.

Discover extracts from our Sustainability Report 2023 and download the related presentation.

In our disclosures under Article 8 of the EU Taxonomy Regulation, we disclose year-end sustainability-related information on the asset management and underwriting activities of Swiss Re Europe S.A. and Swiss Re International SE, our European reinsurance and insurance entities in scope of the EU Taxonomy Regulation. The disclosures should be read in conjunction with the financial information as published in the Annual Accounts and  Solvency and Financial Condition Report of Swiss Re Europe S.A. and Swiss Re International SE for the respective year as well as the non-financial information published in the Group Sustainability Report of the Swiss Re Group for the respective year.

EU Taxonomy-eligible activities are economic activities which substantially contribute to one or more of the EU Taxonomy´s environmental objectives for which Technical Screening Criteria (TSC) have been defined, regardless of whether or not these criteria are met.

EU Taxonomy-aligned activities are economic activities that comply with the criteria in Article 3 of the EU Taxonomy by substantially contributing to one or more of the environmental objectives set out in Article 95 of the EU Taxonomy, by meeting the TSC laid out in Commission Delegated Regulation (EU) 2021/2139 (the ”Climate Delegated Act”) and Commission Delegated Regulation (EU) 2023/2486 (“Environment Delegated Act”), do not significantly harm any of the other objectives in doing so, and comply with the Minimum Safeguard criteria laid out in Article 18 of the EU Taxonomy.

Further information on our performance in 2023 and a selection of interviews with senior leaders related to a broad range of topics, including sustainability, can be found under Annual Report 2023.