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Foreword

Swiss Life is committed to playing an active role in contributing to the transition to a low-carbon and climate-resilient economy in accordance with the Paris Climate Agreement. The continuous reduction of our CO₂ emissions is therefore an integral component of our sustainability strategy.

Our second TCFD Report shows how we have consistently continued integrating climate-related aspects in 2021. The sustainability strategy is an integral component of our new Group-wide programme “Swiss Life 2024”. Our focus is on those areas on which we can exert a direct influence and achieve a corresponding impact:

  • In our own operations, we will reduce CO₂ emissions per full-time employee (full-time equivalent) by 35% by 2024 compared to 2019. We will also fully neutralise the measured, unavoidable CO₂ emissions arising from our own operations from 2022 onwards and thus aim to achieve net zero emissions in operational ecology.
  • We are aware of our responsibility as a major real estate owner. The carbon intensity of real estate directly owned by Swiss Life is to be reduced by a further 20% by 2030 compared to 2019. This is based on a net-zero target by 2050 and thus in line with the Paris Climate Agreement.

In addition to these reduction targets, Swiss Life will continue to pursue its responsible investment approach, which already covers approximately 90% of the total assets managed by Swiss Life. This puts Swiss Life in an advantageous position. Swiss Life is also focusing on its strong risk management and aims to make use of opportunities and solutions in the area of sustainability – and thus also with regard to climate change. In addition, Swiss Life intends to continue integrating sustainability aspects into its product and service offering and to anchor them in its advisory business.

This report is based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and summarises how we address climate change. This comprises two perspectives: on the one hand, dealing with physical and transition risks and opportunities arising from the transition to a low-carbon and climate-resilient economy, and on the other hand, our contribution to climate protection.

Signature 1

Tancredi Tommasina

Group Chief Risk Officer

Signature 2

Florian Zingg

Head of Group Sustainability