Swiss Re is moving its €130 billion portfolio into ethical investments
One of Europe’s biggest insurers is shifting its investments towards socially responsible companies.
Swiss Re, a strategic partner of the World Economic Forum, is moving its €130 billion investment portfolio to target businesses that meet specific ethical benchmarks.
While the firm is the first insurer to shift its entire investment portfolio in this way, the move shows a resurgence of social responsibility in the industry. In 2016, Axa announced plans to divest €1.8 billion of tobacco investments, because of its impact on public health and the firm’s moral conflict as a health insurer.
Swiss Re will use environmental, social and governance (ESG) indices set by investment analysis and research firm MSCI and hopes to inspire other companies to take ESG criteria into account.
Full Content: World Economic Forum
