2020年瑞士再保險可持續發展方法的重點 - 瑞士再保險（英文版）（93頁）.pdf

1、Highlights of Swiss Res Sustainability approach How we accelerate sustainable progress May 2020 Highlights of Swiss Res Sustainability approach| May 2020 Table of contents 2 Swiss Re Group who we are and what we do Slide 3 Approach to sustainability Slide 13 Being a responsible investor Slide 44 Red

2、ucing our footprint Slide 51 Compensation framework Slide 79 Creating solutions for sustainability Slide 26 Engaging our people Slide 56 Corporate Governance Slide 62 Who we are and what we do? We make the world more resilient Highlights of Swiss Res Sustainability approach| May 20204 Swiss Res succ

3、ess is built on three key differentiation drivers ReinsuranceCorporate SolutionsLife Capital Foundation of our strength with increasing earnings power Returning to profitability and focused on competitive advantages Transitioning to a digital B2B2C player Client Access Risk Knowledge Capital Strengt

4、h Highlights of Swiss Res Sustainability approach| May 2020 Swiss Re operates a truly global and diversified Group 5 Premiums per country1 USD 0 175 million family members supported through L we use our existing processes and instruments to address climate-related risks Highlights of Swiss Res Susta

5、inability approach| May 2020 Read more online 24 Selection of Swiss Res most important sustainability-related memberships and commitments Highlights of Swiss Res Sustainability approach| May 202025 Selection of sustainability-related index listings and ratings MSCI AAA rating (July 2019) Dow Jones S

6、ustainability Indices, Bronze Class Bloomberg Gender-Equality Index Ethibel Sustainability Index (ESI), Excellence Global Euronext Vigeo Index: Europe 120 FTSE4Good Global Index ISS QualityScore, Environmental, Social utilising proprietary modelling with rapid feedback loops In-house models State-of

7、-the-art 190+ perils models, unparalleled worldwide coverage Rapid feedback loops post event, incorporating learnings and latest scientific information in risk views and UW decision-making Main risk trends (urban development, socio-economic impact and climate change acceleration) factored in modelli

8、ng Integrated and transparent risk management Seamless integration of risk quantification and portfolio steering Portfolio steering based on integrated risk view across entire value chain Experts 40+ scientists and experts in natural sciences and statistics Boutique sized R on average it affects mor

9、e people worldwide than any other type of natural catastrophe because flooding can occur practically anywhere. Solution example: flood insurance model allows for policy pricing according to individual risk exposure (building location, construction type and insured value), enabling our clients insure

10、rs in the US to provide a more affordable product to homeowners Innovative solutions for renewable energy projects help drive the transition to a low-carbon energy system (climate mitigation) Protection against natural catastrophes and extreme weather events (climate adaptation) Read more onlineRead

11、 more online Selected solutions designed to advance the climate transition and adapt to physical risks More details on next slide Highlights of Swiss Res Sustainability approach| May 2020 Offshore wind is considered one of the most promising renewable energy sources As sustainable energy projects in

12、crease in scale and complexity, so do the risks associated with them Innovative risk transfer solutions help reduce these risks and drive investment in the sector As an initiator and cofounder of the European Wind Turbine Committee established in 2009, Swiss Re was instrumental in launching the Offs

13、hore Code of Practice (OCoP), a best-practice guide for risk management in the sector In recent years, Swiss Re Corporate Solutions has participated in numerous offshore wind projects, including wind farms, stand-alone offshore sub-stations and stand-alone export cables 31 Energy and weather solutio

14、ns: insuring offshore wind farms Swiss Re offers re/insurance protection against extreme weather events and weather volatility to help communities adapt to climate change and make them more resilient 4 000 Number of wind and solar farms to which Swiss Re were providing risk cover, as at the end of 2

15、019 Read more online Swiss Re is considered a “lead market” for offshore wind risks Highlights of Swiss Res Sustainability approach| May 202032 Climate change impacts extend to L training sessions that specifically address feedback discussions or recruiting include content and nudges on how to ensur

16、e fair and unbiased dialogue and decision-making. Employee Engagement Survey 2019: 68% of our employees say that we have an environment that is open to and inclusive of individual differences. 1 53% of employees are represented by an independent trade union or covered by collective bargaining agreem

17、ents Highlights of Swiss Res Sustainability approach| May 202060 We believe that increasing gender balance in leadership is a strategic imperative critical to our future business success In 2019, we: Established and regularly measure gender diversity metrics Gender Promotion Ratio1was established in

18、 2017 as a goal for the Group Executive Committee (GEC) in order to hold senior leaders accountable for making progress Female joiners rate has been introduced Successfully completed our global female sponsorship initiative designed to enable high-potential female talent to reach their career aspira

19、tions. Over 60 women were paired up with an executive sponsor, including all GEC members. Results were very encouraging and we are now following up on the career steps of these women as part of our overall talent pipeline and will integrate the concept of sponsorship into our talent development prog

20、rammes. Ensured gender-equal nominations to our senior talent development program “Explorer” Addressed gender pay gap and created transparency on Equal Pay Statistical analysis conducted in 2018 and 2019 by a leading consultancy does not indicate a statistically significant risk of gender bias at Sw

21、iss Re 201720182019 Total workforce47.347.948.4 Executive/senior management positions223.324.526.7 All management positions333.334.235.4 We recognise that women continue to be underrepresented at executive/senior management levels; our Group Executive Committee members are committed to driving this

22、change, and closely monitor the talent flows in their respective units and locations to actively improve the situation 1 The goal measures whether the ratio of female promotions into middle management and above is equal to or higher than the ratio of females in the donor pool below 2 “Executive/seni

23、or management positions” comprises the management levels of Director/Senior Vice President upwards 3 “All management positions” refers to Vice President and above Highlights of Swiss Res Sustainability approach| May 202061 We can only unleash the motivation and creativity of our employees if they ca

24、n all be who they are and feel included Aligned with the UN Standards of Conduct for Business against LGBTI discrimination, that we signed in 2018, we continue to provide support for our LGBTI+ staff Tackling discrimination Celebrated reaching embassy level in creating a safe and inclusive working e

25、nvironment for all our LGBTI+ employees Inclusive environment Equalised our leave (parental less than 0.1% of revenues generated in tax haven countries Read more online Highlights of Swiss Res Sustainability approach| May 202074 Since the threat landscape is constantly changing and evolving 265% Sop

26、histicated malicious software attacks that infiltrate the memory (ie fileless attacks) growth since 20181 Internal threat actors increase in the Financial and Insurance sector from 2016 to 20183 30% Organisations report experiencing phishing attacks in the last year2 94% As part of Swiss Res dedicat

27、ed three-year Cyber Defence Programme 2020, we achieved the following key outcomes, which have improved SRs security posture: 1. Improved ability to respond to, handle and investigate large-scale cyber-attacks and data breaches. 2. Identified Swiss Res critical information, the companys information

28、crown jewels, and raised the bar for attackers attempting to get hold of them. 3. Raised our security incident detection capabilities to a new level to reduce the discovery time and potential impact of cyber attacks. 4. Enhanced Swiss Res security culture across all organisational levels by shaping

29、employees behavior. we remain committed to work on making Swiss Re cyber-resilient! Organisations seeing an increase of business email compromise2 67% 1Trend Micro reporting 2Mimecast, The State of Email Security Report 2019 3Verizon, Data Breach Investigations Reports 2017 and 2019 Ongoing and conc

30、erted efforts to foster a strong security culture and ensure an effective and efficient cyber risk and defence system Highlights of Swiss Res Sustainability approach| May 202075 Use of artificial intelligence and digital personal data raises ethical concerns regarding fairness, inclusion, hardship a

31、nd solidarity. Various regulators around the world identify the need for regulations on the topic of big data and digital responsibility Swiss Re develop digital best practices, integrate digital ethics and provide solutions to manage risks associated with a digital society Actively promote digitali

32、sation across the re/insurance value chain to enhance value provided to customers Swiss Re seek to improve understanding, create awareness and proactively address ethical challenges surrounding digital transformation. We actively engage on the topic of digital ethics: Provide feedback to consultatio

33、ns and regulatory questionnaires Participate in industry groups and regulatory expert groups Swiss Re representative appointed to EIOPAs1consultative expert group for digital ethics Contribute to studies and reports “Between Solidarity and Personalization Dealing with Ethical and Legal Big Data Chal

34、lenges in the Insurance Industry” conducted by researchers at the University of Zurich and the University of Applied Sciences HTW Chur “Promoting Responsible Artificial Intelligence in Insurance” published by the Geneva Association Swiss Re has started to develop our own ethical guidance to enable s

35、wift digitalisation, while ensuring that we maintain customers trust, differentiate our services, and safeguard our reputation as a leading re/insurance company. 1European Insurance and Occupational Pension Authority Read more online Highlights of Swiss Res Sustainability approach| May 2020 includes

36、 policies, standards, information security measures, appointed Data Protection Officers, training and awareness programmes and business-relevant procedures . fulfills our responsibilities to protect personal data addresses privacy rights in compliance with data protection and privacy laws and regula

37、tions around the world is applicable to all of Swiss Res entities worldwide Swiss Re has a comprehensive, global data protection compliance framework 76 Data Protection and Privacy Compliance at Swiss Re In 2019, Swiss Re received no complaints concerning breaches of customer privacy Highlights of S

38、wiss Res Sustainability approach| May 2020 Preventing Bribery and Corruption at Swiss Re Swiss Re instituted a global bribery and corruption compliance framework in order to give effect to our prohibition on all forms of bribery and corruption Implementation Key Compliance risks are addressed throug

39、hout the Compliance Framework One of these key risks is bribery and corruption Responsibility Compliance function has primary operational responsibility for the Compliance Framework Executive responsibility lies with the Group Audit Committee, Group Executive Committee and Board of Directors Group I

40、nternal Audit has responsibility for providing an independent assurance function Application The Compliance Framework applies to every full or part time Swiss Re employee It also applies to everyone working for or on behalf of Swiss Re It also applies to our business partners including contractors,

41、outsourced providers and agents Structure Policy standards and processes Tools and technology to track, record and provide information Assurance, investigations and reporting Training and awareness 77 Highlights of Swiss Res Sustainability approach| May 2020 Building resilient societies is at the co

42、re of the Swiss Re Foundation 78 * Ongoing projects over CHF 30 000 as of end 2019 Access to health and income opportunities We ease access to healthcare and viable income opportunities in underserved communities Innovation for societal resilience We fund research that sheds light on what drives res

43、ilient societies and support worthy causes near Swiss Re locations Natural hazard and climate risk management We support people in preparing for, preventing and bouncing back from catastrophes and coping with climate risk CHF 7m Total commitments 55 Ongoing projects* 1 769 No of Swiss Re volunteers

44、17 859 Swiss Re employee volunteering hours 33% 50% 17% 18 No of projects we kicked off* Key 2019 figuresFocus areasTotal commitments by focus area Read more online Highlights of Swiss Res Sustainability approach| May 202079 Swiss Re is proud of its customer satisfaction levels, and continues to ens

45、ure clients remain at the centre of the business #1P combined with strong qualitative performance, this resulted in variable compensation payouts that are below target levels but proportionate given the need to carefully manage key talent retention risk Read more online Highlights of Swiss Res Susta

46、inability approach| May 202085 Financial results and qualitative criteria are basis to determine variable compensation pool Three-step process based on business performance; creating a clear and transparent link between business performance and compensation Sustainability aspects are considered with

47、in the five qualitative assessment dimensions (step 2 of the funding process). As of performance year 2020, Sustainability will become a separate qualitative assessment dimension. The Compensation Committee and BoD review the preliminary Group API pool considering a number of different perspectives

48、including pay for performance linkage, reasonableness in the market context and the proportionality of value sharing among employees and shareholders Read more online Highlights of Swiss Res Sustainability approach| May 202086 Leadership Performance Plan (LPP) focuses on shareholder value creation I

49、ncentive for senior management to create successful and sustainable company performance over the long-term For Group EC, select members of BU ECs and GMDs the plan duration is five years Forfeiture conditions apply for the full three-year performance period; clawback provisions apply Performance condition for Restricted Share Units (RSUs) is ROE with a linear vesting line; for Performance Share Units (PSUs) it is relative Total Shareholder Return (TSR) measured over three years The LPP will change as of 2020 in