Green bonds

Climate-related portfolio ambitions of the Swiss Life Group

Green investment programme

Swiss Life aims to ensure that parts of its new investments within its PAM portfolio are actively used to promote climate-friendly technologies, projects and initiatives and has launched a green investment programme with the aim of increasing investments in green bonds to CHF 2 billion by the end of 2023.

Green bond programme

Metric   2021   2020   2019
Participation in green bonds (in CHF million)   1 216   541   150

For securities, Swiss Life has launched a programme for green investments in line with the “Green Bond Principles” of the International Capital Market Association (ICMA). Green bonds aim to address sustainability matters such as renewable energy, the prevention and reduction of the environmental impact as well as circular economy. From the start of the green investment programme until the end of 2021, Swiss Life has invested CHF 1.2 billion within the scope of the PAM portfolio. Within its PAM portfolio, Swiss Life more than tripled investments in green bonds in 2020, further doubling them in 2021.

In addition to its green investment programme, which comprises investments in green bonds, Swiss Life has also been issuing green bonds since 2019. The green bonds issued by Swiss Life are used to finance assets and investments that meet selected criteria. These criteria are set out in Swiss Life’s “Green Bond Framework”, which is in line with both the ICMA’s “Green Bond Principles” and Swiss Life’s responsible investment approach. As at the end of 2021, Swiss Life had CHF 400 million and EUR 600 million outstanding in green bonds.