Swiss Re reaches 95% of green, social and sustainability bond 2024 target

Written by Adam Cadle

16/03/2023

Swiss Re reached 95% of its year-end 2024 target to hold at least US$4bn in green, social and sustainability bonds in 2022.

In its Sustainability Report 2022, Swiss Re said it also reduced the carbon intensity of its combined corporate bond and listed equity portfolio by 42% relative to its base year of 2018, putting it on track to meet its target of a 35% reduction by the end of 2024.

The carbon reduction of its equity portfolio was primarily driven by portfolio rebalancing, and its corporate bond carbon reduction was achieved by portfolio rebalancing and by overweighting companies with more favourable intensities within the same industry.

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