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 or sustainable technologies, projects and initiatives and has launched a green investment programme with the aim of increasing investments in green, social and sustainable bonds to CHF 2 billion by the end of 2023.
Green bond programme
|Participation in sustainable bonds (in CHF million)||1 938||1 216||541|
In the securities area, Swiss Life has launched a programme for green investments in line with the “Green Bond Principles”, “Social Bond Principles” and “Sustainability Bond Guidelines” of the International Capital Market Association (ICMA). Green or sustainable bonds aim to address matters such as renewable energy, the prevention and reduction of environmental impacts, and the circular economy. Between the launch of the green investment programme and the end of 2022, Swiss Life invested CHF 1.938 billion within the scope of the PAM portfolio. Swiss Life more than tripled its investments in green, social and sustainable bonds in 2020, more than doubled them in 2021 and increased them by more than half in 2022.
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 2022, Swiss Life had CHF 400 million and EUR 600 million outstanding in green bonds.