Unit-linked insurance portfolio
On the basis of the construct, investments for the unit-linked insurance business are made in accordance with clients’ selections. These investments are disclosed in Swiss Life’s reporting but are not part of the quantitative sustainability targets. There are minimum requirements for third-party funds used in Swiss Life sustainability-related unit-linked solutions.
Weighted average carbon intensity of investments in government bonds, corporate bonds and equities from the unit-linked insurance business1, 2 of the Swiss Life Group as at 31.12.2024 (attributable, as per GHG Protocol Corporate Standard, to Swiss Life’s Scope 3 emissions, category 15 “Investments”).
| Asset class | Unit | 2024 | ||
|---|---|---|---|---|
| Government bonds | t CO₂e/USD million GDP nominal | 237 | ||
| Corporate bonds | t CO₂e/USD million sales | 90 | ||
| Equities | t CO₂e/USD million sales | 85 | ||
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1 For the purposes of the TCFD Report, government bonds only include bonds issued by nation states. Corporate bonds also include covered bonds and bonds issued by government-related entities or supranationals. This deviation from other financial publications is due to the calculation logic underlying the carbon intensity. Corresponding positions from the fund look-through are taken into account where available. Green, social and sustainable bonds are included in the same way as bonds without specific reference to sustainability aspects.
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2 The coverage of the weighted average carbon intensities correspond to over 80% of the amortised costs of investments in government bonds, over 60% of the amortised costs of investments in corporate bonds and over 40% of the market value of investments in equities from the unit-linked insurance business of the Swiss Life Group. © 2024 MSCI ESG Research LLC. Reproduced with permission. The data published by MSCI ESG Research LLC as of 31.12.2024 was used.
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