Swiss Re Australia
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OVERALL |
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Owned |
SWI |
Rating |
N/A |
Insurance
Company Ownership
Swiss Re Life & Health Australia Ltd | AUS | website | ||||
Swiss Reinsurance Company Ltd
owns 100% of Swiss Re Life & Health Australia Ltd |
SWI | website | ||||
Insurer Founded in Switzerland in 1863. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Swiss Re Life & Health Australia Ltd | ||||
This company is a signatory to CitySwitch Green Office, a national tenant energy efficiency program run in partnership between business and local government. The program works with office tenants to improve their energy efficiency, thereby reducing carbon pollution.
Source: CitySwitch (2018)
According to data released by the Australian Tax Office in Jan 2022, this company was one of many local and foreign-based companies that paid no tax in Australia in 2019-20. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2022) |
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Swiss Reinsurance Company Ltd | ||||
The Insure Our Future campaign by a group of NGOs has ranked the world's leading insurance companies on fossil fuel insurance, fossil fuel divestment, and other climate leadership. This company was one of the best performers.
Source: Insure Our Future (2020)
This company received an S&P Global ESG Score of 87/100 in the Insurance category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
ShareAction's 2018 report rates the world's 80 largest insurers on their approach to climate-related risks and opportunities. Based on their management of material climate risk, insurers are rated from AAA if they show climate leadership, to D if their approach is limited. The lowest X rating is given to those showing no evidence of addressing climate issues. This company received a B rating.
Source: AODP (2018)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP (2023) |
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target; commit to 100% renewable power; commit to smart energy use.
Source: We Mean Business (2021)
This company appears on the 2021 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
Source: Bloomberg (2021)
This company received a score of 60.1/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
Green Bonds enable capital-raising and investment for new and existing projects with environmental benefits. The Green Bond Principles are voluntary process guidelines that recommend transparency and disclosure and promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond.
Source: IMCA (2018)
This company is a signatory to the Principles for Sustainable Insurance (PSI), a global framework for the insurance industry to address environmental, social and governance risks and opportunities. PSI is an initiative of the United Nations.
Source: UNEPFI (2018)
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #22/400, with a total score of 33.5/100.
Source: World Benchmarking Alliance (2022)
This company is listed on the Facing Finance website as a financial institution which invests in companies that manufacture weapons or profit from violations of human rights, pollution, corruption, or international law. Follow link for further details.
Source: Facing Finance (2015) |
Company Details
Type | Wholly-owned subsidiary |
Contact Details
Address | Level 36, Tower Two, International Towers Sydney, 200 Barangaroo Ave, Sydney, NSW, 2000, Australia |
Phone | 02 8295 9500 |
Website | www.swissre.com |