Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable insurance
• Trustworthy company
• Attractive employer
• Committed location partner

Environmental Achievements

• 10.8% reduction in absolute CO2 emissions compared to 2012
• 34.8% reduction in CO2 emissions per employee compared to 2012
• Achieved climate-neutral company status

Social Achievements

• Equal opportunities campaign for the Swiss sales force
• ‘We Pay Fair’ certification from the University of St.Gallen (CH)
• Renewal of certification as a ‘Friendly Work Space’

Governance Achievements

• Verification of ESG risk governance
• Analysis of the development of CR hard and soft law
• CR Report filed with SIX

Climate Goals & Targets

Environmental Challenges

• Climate change risks
• Data protection challenges
• Maintaining a balanced gender ratio in management positions

Mitigation Strategies

• Developed a Responsible Investment Roadmap 2025
• Implemented a Group-wide information security awareness campaign
• Introduced additional activities to increase the proportion of women in the sales force

Supply Chain Management

Responsible Procurement

• Principles for sustainable procurement
• Internal procurement guideline

Climate-Related Risks & Opportunities

Physical Risks

• Increasing natural catastrophes

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact

Certifications: ClimatePartner ID 12937-1809-1001 (climate neutral)

Third-party Assurance: Ernst & Young AG (limited assurance)

Sustainable Products & Innovation

• E-scooter insurance
• CO2 climate protection contribution
• Risk analysis/sensitisation of Helvetia customers on the topic of water consumption
• Artesian well, ground source heat pump and photovoltaic insurance

Awards & Recognition

• Advance award for diversity and inclusion (IT)
• Alpine Protection Forest Award Helvetia

Environmental Metrics

ESG Focus Areas

• Climate change and the environment
• Sustainability risks
• Changing needs of customers
• Well-being and needs of employees
• Human rights
• Fight against corruption and bribery

Environmental Achievements

• Reduced GHG emissions from own operations to 43,055 tonnes of CO2e (2022: 38,548 t CO²e)
• Achieved a CDP rating of "B"
• Procured 100% of electricity from renewable sources
• Commissioned 19 solar installations with a nominal output of 420 kWp

Social Achievements

• Employee Engagement Index of 77%
• Employee turnover of 15.6%
• 30% women in management positions
• 19% women in top management
• 45% of senior management replacements from internal candidates
• CHF 3.6 million in donations as part of commitment to the common good

Governance Achievements

• Implemented Group-wide sustainability governance system
• Revised internal Group-wide directive on sustainability governance
• ESG KPIs have the potential to influence total variable remuneration by up to 10% pte.
• No cases of corruption reported

Climate Goals & Targets

Environmental Challenges

• Increasing GHG emissions due to post-pandemic in-person meetings, company growth, and revised emission factors
• Difficulty in influencing employee commuter behavior
• Dependency on fossil fuels for heating
• Uncertainty regarding the interpretation of EU Taxonomy Regulation

Mitigation Strategies

• Developing an emission reduction method by the end of 2024
• Switching to lower-emission heating systems and district heating
• Implementing targeted measures to increase building efficiency
• Developing an approach for the assessment of taxonomy alignment based on industry opinions and recommendations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Vendor Code of Conduct (VCOC) based on UN Global Compact principles
• Requirements for minimizing environmental impact, complying with environmental laws, and reducing negative environmental effects
• Requirements for upholding human rights and labor standards

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of weather-related events and natural catastrophes

Transition Risks

• Changes in investment portfolio or insurance business model due to transition to low-carbon economy
• New climate regulations
• Changing consumer demand

Opportunities

• Increased resource efficiency and cost savings
• Increased use of low-emission energy sources
• Access to new markets
• Insurance of renewable energy technologies and new vehicle systems

Reporting Standards

Frameworks Used: GRI Standards, EU Taxonomy Regulation, TCFD, UN Global Compact, Principles for Responsible Investment (PRI), CDP

Certifications: Blue Angel

Third-party Assurance: KPMG (limited assurance for social, employee, human rights, and anti-corruption aspects); Swiss Climate AG (limited assurance for GHG accounting of own operations)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)
• Goal 15 (Life on land)

Initiatives related to renewable energy, GHG emission reduction, and protection forests contribute to these goals.

Sustainable Products & Innovation

• Residential building insurance with renewable energy coverage (Germany)
• Severe weather warning system (Spain)
• Specialty insurance for renewable energy infrastructure (Switzerland and International)
• Photovoltaic insurance product (Italy)
• FairFuture Lane sustainable investment option (Austria)

Awards & Recognition

• CDP Climate Change Performance Score: B
• MSCI ESG rating: A
• Top Employer Europe
• Friendly Workspace label (Switzerland)
• Swiss LGBTI Label (Switzerland)
• ESG company ranking by Zielke Research Consult GmbH (Germany)
• M&M Corporate ESG Rating (Germany)
• Sustainability Leader (Italy)
• Insurance Connect Awards (Italy)
• Future Bancassurance Forum & Awards (Italy)
• Versicherungsaward Austria (Austria)
• Top Employer (Austria)