GRI and SASB Index
Swiss Life has reported in accordance with the GRI standards for the period from 1 January 2022 to 31 December 2022. For the Service Content Index Essentials, GRI Services verified that the GRI Content Index was presented clearly and in accordance with the standards, and that the references for items 2–1 to 2–5, 3–1 and 3–2 were consistent with the corresponding sections in the main body of the report. This service was provided for the German version of the report. The Sustainability Report is published annually. The report was issued on 24 March 2023. The contact point is Swiss Life Media Relations, as per the imprint.
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| GRI-Standards | SASB Disclosures | Disclosures | Reference/Information | Requirement omitted (RO), Reason (R), Explanation (E) | ||||
| GRI 1: Foundation 2021 | ||||||||
| GRI 2: General Disclosures 2021 | ||||||||
| The organisation and its reporting practices | ||||||||
| GRI 2: General Disclosures 2021 | 2-1 Organisational details |
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| 2-2 Entities included in the sustainability reporting of the organisation |
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| 2-3 Reporting period, frequency and contact point |
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| 2-4 Restatements of information | None | |||||||
| 2-5 External assurance |
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| Activities and workers | ||||||||
| GRI 2: General Disclosures 2021 | 2-6 Activities, value chain and other business relationships |
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| 2-7 Employees |
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| 2-8 Workers who are not employees | (RO) Workers who are not employees (R) Data not available (E) No Group-wide collection of data | |||||||
| Governance | ||||||||
| GRI 2: General Disclosures 2021 | 2-9 Governance structure and composition |
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| 2-10 Nomination and selection of the highest governance body |
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| 2-11 Chair of the highest governance body |
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| 2-12 Role of the highest governance body in overseeing the management of impacts |
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| 2-13 Delegation of responsibility for managing impacts |
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| 2-14 Role of the highest governance body in sustainability reporting |
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| 2-15 Conflicts of interest |
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| 2-16 Communication of critical concerns |
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| 2-17 Collective knowledge of the highest governance body |
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| 2-18 Evaluation of the performance of the highest governance body |
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| 2-19 Remuneration policies |
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| 2-20 Process to determine remuneration |
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| 2-21 Annual total compensation ratio | (RO) Ratio of total annual remuneration (R) Data not available (E) No Group-wide collection of data |
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| GRI-Standards | SASB Disclosures | Disclosures | Reference/Information | Requirement omitted (RO), Reason (R), Explanation (E) | ||||
| Strategy, policies and practices | ||||||||
| GRI 2: General Disclosures 2021 | 2-22 Statement on sustainable development strategy |
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| 2-23 Policy commitments |
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| 2-24 Embedding policy commitments |
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| 2-25 Processes to remediate negative impacts |
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| 2-26 Mechanism for seeking advice and raising concerns |
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| 2-27 Compliance with laws and regulations |
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| 2-28 Membership associations |
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| Stakeholder Engagement | ||||||||
| GRI 2: General Disclosures 2021 | 2-29 Approach to stakeholder engagement |
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| 2-30 Collective bargaining agreements | (RO) Collective agreements (R) Data not available (E) No Group-wide collection of data |
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| GRI-Standards | SASB Disclosures | Topic-Specific Standards and Disclosures | Reference/Information | Requirement omitted (RO), Reason (R), Explanation (E) | ||||
| GRI 3: Material Topics 2021 | ||||||||
| Materiality assessment and list of material topics | ||||||||
| GRI 3: Material Topics 2021 | 3-1 Process to determine material topics |
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| 3-2 List of material topics |
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| Risk Management | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| FN-IN-450a.1 | Probable maximum loss (PML) of insured products as a result of weather-related natural disasters | Not relevant | ||||||
| FN-IN-450a.2 | Financial losses from insurance payments of modelled and non-modelled natural disasters by type of event and geographic region | Not relevant | ||||||
| FN-IN-450a.3 | Description of the approach to incorporating environmental risks into insurance business processes for individual contracts and the management of company-wide risks |
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| FN-IN-550a.1 | Exposure with respect to derivative instruments, by category |
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| FN-IN-550a.2 | Total fair value of securities transactions in relation to collateral assets |
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| FN-IN-550a.3 | Description of the approach to managing capital- and liquidity related risks in relation to systemic non-insurance activities |
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| Successful business development | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| GRI 201: Economic Performance 2016 | 201-1 Direct economic value generated and distributed |
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| 201-2 Fincancial implications and other risks and opportunities due to climate change |
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| GRI-Standards | SASB Disclosures | Topic-Specific Standards and Disclosures | Reference/Information | Requirement omitted (RO), Reason (R), Explanation (E) | ||||
| Employee and working environment | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| GRI 403: Health and safety at the workplace 2018 | 403-1 Occupational health and safety management system |
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| 403-2 Hazard identification, risk assessment and incident investigation |
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| 403-3 Occupational health services |
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| 403-4 Worker participation, consultation and communication on occupational health and safety |
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| 403-5 Worker training on occupational health and safety |
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| 403-6 Promoting employee health |
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| 403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business realtionships |
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| 403-9 Work-related injuries |
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| 403-10 Work-related ill health |
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| GRI 404: Training and Development 2016 | 404-2 Programs for upgrading employee skills and transition assistance programs |
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| 404-3 Percentage of employees receiving regular performance and career development reviews |
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| GRI 405: Diversity and Equal Opportunity | 405-1 Diversity of governance bodies and employees |
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| 405-2 Ration of basic salary and remuneration of women to men |
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| GRI 406: Non-discrimination | 406-1 Incidents of discrimination and corrective actions taken | None | ||||||
| Responsible investing | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| FN-IN-410a.1 | Total number of investments by industry and asset class |
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| FN-IN-410a.2 | Description of the approach to incorporating ESG factors into investment management processes and strategies |
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| Cybersecurity and data protection | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| GRI 418: Customer Data Protection | 418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data |
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| GRI-Standards | SASB Disclosures | Topic-Specific Standards and Disclosures | Reference/Information | Requirement omitted (RO), Reason (R), Explanation (E) | ||||
| Regulatory compliance | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| GRI 205: Anti-corruption 2016 | 205-3 Confirmed incidents of corruption and actions taken | None | ||||||
| GRI 206: Anti-competitive behaviour | 206-1 Legal actions for anti-competitive behaviour, anti-trust and monopoly practices | None | ||||||
| Offering and customer value | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| GRI 417: Marketing and labelling 2016 | FN-IN-270a.1 | 417-2 Incidents of non-compliance concerning product and service information and labelling | None | |||||
| FN-IN-270a.2 | Ratio of appeals to claims made |
Swiss Life does not currently publish complaints statistics. Information on customer satisfaction can be found on pages 141–144.
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| FN-IN-270a.3 | Customer retention rate |
Swiss Life does not currently publish complaints statistics. Information on customer satisfaction can be found on pages 141–144.
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| FN-IN-270a.4 | Product information for customers |
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| FN-IN-000.A | Number of current policies by segment | Not relevant | ||||||
| FN-IN-410b.1 | Net premiums written for energy efficiency and low-carbon technologies | Not relevant | ||||||
| FN-IN-410b.2 | Description of products or product characteristics, promotion of health, safety and/or environment-friendly behaviour | Swiss Life has been offering premium rates in Switzerland for several years, distinguishing between smokers and non-smokers. Thus the risk premium in death benefit insurance for a non-smoker is lower than for a smoker. Although mostly actuarially based, Swiss Life thus creates an incentive to lead a lifestyle that is conductive to longer life expectancy. | ||||||
| Corporate governance | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| Climate change | ||||||||
| GRI 3: Material Topics 2021 | 3-3 Management of material topics |
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| GRI 302: Energy 2016 | 302-1 Energy consumption within the organisation |
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| 302-2 Energy consumption outside of the organisation |
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| 302-3 Energy intensity |
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| 302-4 Reduction of energy consumption |
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| GRI 305: Emissions 2016 | 305-1 Direct (Scope 1) GHG emissions |
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| 305-2 Energy indirect (Scope 2) GHG emissions |
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| 305-3 Other indirect (Scope 3) GHG emissions |
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| 305-4 GHG emissions intensity |
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| 305-5 Reduction of GHG emissions |
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