Swiss Life

The financial institution has publicly available policy statements committing to respect ILO core labor rights and expecting suppliers to do the same. Decision-making and oversight responsibility for its sustainability strategy is assigned to the highest governance body, while implementation is handled by specific functions, teams, or committees within the institution. Additionally, the institution has a policy statement committing to respect human rights. It also discloses its operations by country, such as by number of employees or revenue.

The financial institution has an opportunity to disclose how it determines a living wage for the regions where it operates. When defining bribery or corruption, it could specify that this includes both giving and receiving anything of value to gain an advantage. The institution includes anti-bribery and anti-corruption clauses in contracts with business relationships but does not specify the consequences of breaching these clauses. Although the institution discloses a policy statement that it does not make political contributions for a subsidiary, region, or jurisdiction, this commitment could be extended to all locations of operation. While the institution identifies material sustainability impacts across its value chain, it could further detail the process and criteria used for identifying and prioritizing impacts.

While the Asset Managers segment, Swiss Life Asset Managers, has an ESG engagement policy, the institution could publish a policy supporting environmental transitions and social best practices at the group level. The institution discloses some trade associations it is a member of, but the list is not complete. It is recommended that the institution establishes and discloses a transition plan covering its operations, supply chain, and portfolio. Additionally, it should disclose the breakdown of clients and beneficiaries by income group and ensure its risk assessment process includes risks related to ILO fundamental rights at work for those affected by its products, services, and capital provisions. Furthermore, the institution should disclose its process for identifying social risks associated with its products, services, and capital in relation to the net-zero transition. Finally, it should provide examples of specific conclusions and actions taken or to be taken on at least one salient human rights issue related to its products, services, and capital within the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.