Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability
• Mobility

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The need for individual car insurance will decline, and autonomous cars will make driving safer in the future. This will fundamentally change the insurance industry and the solutions it offers to customers and partners.

Mitigation Strategies

• Exploring new mobility opportunities with investments in Carhelper and Gowago, and internally incubated spin-off Mobly in Belgium. Building and scaling new companies, as shown with Friday, a greenfield digital insurance spin-off in Berlin, Germany. Leveraging a broad partner network in the field of mobility through retail and commercial insurance business and startup investments managed by Anthemis Baloise Strategic Venture team.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, flooding

Transition Risks

• Changes in the motor insurance industry due to autonomous vehicles and electric mobility

Opportunities

• New service and risk coverage needs in the changing mobility market

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Climate Change
• Human Rights

Environmental Achievements

• Expanded responsible investment strategy for liquid investments, investments in target funds and partly for private assets, including additional exclusions for companies and target funds relating to compliance with international standards, such as the UN Global Compact, and revenue from tobacco, conventional oil and gas and conventional weapons; additional exclusions for government bonds in the areas of human rights and climate; a best-in-class approach based on ESG performance.

Social Achievements

• Expanded responsible investment strategy including additional exclusions for companies and target funds relating to compliance with international standards, such as the UN Global Compact, and revenue from tobacco, conventional oil and gas and conventional weapons; additional exclusions for government bonds in the areas of human rights and climate.

Governance Achievements

• Expanded responsible investment strategy including additional exclusions for companies and target funds relating to compliance with international standards, such as the UN Global Compact, and revenue from tobacco, conventional oil and gas and conventional weapons; additional exclusions for government bonds in the areas of human rights and climate; implementation of extended active ownership activities.

Climate Goals & Targets

Environmental Challenges

• Collection and evaluation of climate-related data for financial assets.
• Implementation of SFDR reporting requirements for Article 8 and Article 9 products and Swiss AMAS requirements for self-regulation of transparency and disclosure for sustainability-related collective assets.

Mitigation Strategies

• Further expansion of TCFD reporting in 2023; implementation of extended active ownership activities; publication of the second active ownership report in 2023.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PRI, TCFD, SFDR, UN Global Compact

Sustainable Products & Innovation

• Baloise Fund Invest (CH) - Equity World ESG Low Carbon

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Matters
• Social Matters
• Corporate Governance
• Human Rights
• Responsible Investment
• Responsible Underwriting

Environmental Achievements

• Reduced operational emissions by more than 75% since 2000
• 100% renewable energy use in controlled energy mix in Switzerland, Germany, Belgium, and Luxembourg.
• Adopted a climate roadmap with a target of 25% reduction in operational emissions by 2030 compared to 2022.
• Offsetting CO2 emissions since 2020 through certified climate protection projects (around 11,000 tonnes in 2023).

Social Achievements

• Improved employee satisfaction ranking to top 29% of employers in Europe (2022: top 36%).
• Gained 54,000 new customers.
• Continued attractive dividend policy, proposing an increase to CHF 7.70 per share.
• Various CSR activities including charitable donations exceeding CHF 760,000 (around CHF 95 per employee).

Governance Achievements

• Implemented an advanced responsible investment strategy for liquid assets, target funds, and some private assets.
• Integrated ESG criteria into underwriting guidelines.
• Maintained a strong compliance culture with one serious fraud case reported in 2023.
• Implemented an assessment process for actuarial sustainability risk management since 2022.

Climate Goals & Targets

Environmental Challenges

• Skills shortage risk due to unavailable skill sets and poor employer branding.
• Reputational risk from failing to adequately consider ESG factors in investment and underwriting.
• Loss of reputation or trust due to social matters.
• Business and reputational risk from failing partnerships.

Mitigation Strategies

• Enhancing employer branding, modern recruitment processes, and employee retention schemes.
• Implementing responsible investment strategy with ESG integration and active ownership.
• Integrating ESG criteria into underwriting guidelines and dialogue with customers.
• Systematically maintaining beneficial partnerships.

Supply Chain Management

Supplier Audits: 32% of suppliers accepted new purchasing guidelines by end of 2023.

Responsible Procurement

• Vendor code of conduct requiring sustainability principles.
• ESG criteria integrated into procurement process since 2023.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: IIRC, SASB, TCFD, SFDR, UNGC, OECD Guidelines for Multinational Enterprises

Certifications: BREEAM Excellent (Luxembourg office building), WELL Building Standard® (Luxembourg office building)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 17 (Partnerships for the goals)

Baloise's value creation model and commitments are aligned with these SDGs.

Sustainable Products & Innovation

• Electra supplementary cover for electric vehicles
• Drive Electric product supporting transition to electric vehicles
• Insurance products for photovoltaic systems and climate-friendly heating systems

Awards & Recognition

• 'Most Innovative Sustainability Insurer – Switzerland 2021'
• Awards for sustainability report in Germany (Zielke ranking).