Sustainable thinking and action are valued highly at Swiss Life. Therefore, the highest management body in matters of sustainability is the Corporate Executive Board, chaired by the Group CEO. Swiss Life’s materiality matrix shows which topics are relevant for Swiss Life and its stakeholders.
The highest management body in matters of sustainability is the Corporate Executive Board, chaired by the Group CEO. The Board of Directors – the supreme authority for strategic issues – is kept regularly informed about measures and progress in the area of sustainability and included in the decision-making process.
The Swiss Life Group Sustainability team is responsible for the coordination, steering and implementation of measures at Group level. This team ensures that the focus areas defined by Swiss Life’s Group-wide sustainability strategy are integrated within and implemented by the divisions. The team also ensures the involvement of the Corporate Executive Board as a management body, reports on progress and engages in dialogue with key stakeholder groups at Group level.
The sustainability organisation is aligned to Swiss Life’s multi-divisional organisation: it comprises sustainability delegates from all divisions as well as specialist delegates. The sustainability delegates from the divisions ensure that the Group-wide sustainability strategy is implemented on site with corresponding measures and initiatives, taking account of local regulatory requirements. They also ensure that the management teams and divisional CEOs are involved in the decision-making process. Swiss Life has defined eleven subject areas for specialist management which are assigned to corresponding specialist delegates and in which representatives of the divisions participate. Swiss Life Group’s sustainability organisation altogether comprised around 64 full-time equivalents (FTE) in 2022.
Swiss Life’s materiality matrix shows which topics are relevant for Swiss Life and its stakeholders. The matrix forms a basis for the sustainability strategy and sustainability reporting.
Swiss Life completely revised its materiality matrix. The company now reports according to a “double materiality” principle: On the one hand, this maps the relevance of nine sustainability topics to Swiss Life’s long-term business success (“outside-in”), while on the other hand it reflects the relevance of Swiss Life’s activities to sustainable development in the context of the selected sustainability topics (“inside-out”). The revised matrix meets the new requirements of the Global Reporting Initiative Standards and also covers new regulatory requirements.
The materiality matrix is reviewed annually and updated as necessary. All adjustments must be approved by the Corporate Executive Board.