Proprietary Insurance Asset Management portfolio
The following quantitative information on climate-related financial risks refers to the PAM portfolio of Swiss Life Ltd.
Swiss Life Ltd contributes to the reduction target for the carbon intensity of the directly held PAM real estate portfolio of the Swiss Life Group. For 2023, the carbon intensity1 is 14 kg CO₂e/m2🗸. For the background on the carbon intensity of the PAM real estate portfolio held directly for investment purposes at Group level, please refer to the notes in the “Metrics and Targets” section.
Further information about the background to the weighted average carbon intensities of the PAM securities portfolio at Group level can be found in the “Metrics and Targets” section.
Weighted average carbon intensity of the PAM government bond, corporate bond and equity portfolio1, 2 of Swiss Life Ltd 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 | 130 | ||
| Corporate bonds | t CO₂e/USD million sales | 87 | ||
| Equities | t CO₂e/USD million sales | 87 | ||
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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. 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 90% of the amortised costs of the PAM government bond portfolio, over 90% of the amortised costs of the PAM corporate bond portfolio and over 90% of the market value of the PAM equity portfolio of Swiss Life Ltd. © 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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1 The calculation of the weighted average carbon intensity of the PAM real estate portfolio directly held by Swiss Life Ltd for 2023 is based on consumption values for 80% of the gross floor area. The remaining share of 20% was estimated in 2023. Information on consumption and estimates can be found in the appendix.
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