Dear reader

Sustainability is an integral part of our business. We are pleased that in addition to meeting our financial targets, we have also achieved or exceeded our sustainability goals under the “Swiss Life 2024” Group-wide programme. We have reduced CO₂ emissions per full-time equivalent from our own business operations by 40% compared to 2019, which means we exceeded our target of –35%. At present, we are very well on track to achieve our target of a 20% reduction in the carbon intensity of real estate held directly for investment purposes by 2030 compared to 2019. We have also expanded our offering of sustainability solutions in the area of insurance products and have integrated sustainability even more closely into our advisory process. We are systematically continuing our sustainability strategy in our new Group-wide programme “Swiss Life 2027”:

• In operational ecology, we intend to reduce CO₂ emissions per full-time equivalent by 50% by 2027 compared to 2019. In addition, we will continue to invest in certified climate change mitigation projects in our core markets in order to offset any unavoidable emissions arising from our business activities.
• In our sphere of influence as an asset owner and manager, we are continuing to pursue our previous target of a 20% reduction in the carbon intensity of real estate directly owned by Swiss Life for investment purposes by 2030 compared to 2019.
• We intend to seize opportunities arising in relation to offerings involving sustainability aspects and further develop our services in order to continue meeting the needs of our customers.

We are aware that climate change is a global challenge that can only be solved at a global level. All stakeholders must be involved and contribute towards the transition to a more sustainable economy. We are supporting this transition by deliberately focusing on those areas in which we can exert a direct influence and make an impact. Our focus on operational ecology and directly held real estate already paid off under the last Group-wide programme. We also engage with companies in which we have invested, for example by exercising voting rights or by taking strategic responsibility for selected investment projects.

As a company, we are therefore continuing to assume responsibility through a variety of measures and are contributing to sustainable development for the benefit of people, society and the environment.

Rolf Dörig

Chairman of the Board of Directors

Matthias Aellig

Group CEO