The world has evolved its approach to sustainability. From specialised think-tanks, the main debate has now moved on to the G20 and other Financial Stability fora. This makes it clear that the financial sector (including the insurance sector) clearly has a role to play in a more sustainable world - and that's all to the good!
The European Union has been encouraging us to set an example in this field. For example, Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability related disclosures in the financial services sector (referred to as the ‘SFDR’) came into force on 10 March 2021.
The SFDR is focused on achieving the United Nations sustainability goals by influencing the financial investments made, among others, by life insurance companies. This not only concerns combating climate change but also - under the Environmental, Social and Governance (or ‘ESG’) heading - of adopting practices to achieve ecological, social and good corporate governance objectives.
This concerns us, as an insurance company, just as it concerns all other finance companies and insurance brokers when they offer insurance investment products.
For any questions or information on this subject: esg@baloise.lu.
At the moment, Bâloise Vie Luxembourg SA is not in a position to comment on the negative sustainability impact of its business activity. Nevertheless, we are making every effort to analyse any possible environmental, social or corporate governance implications.
> Learn more about the remuneration policyOur role as an insurer is to protect the people we care about and what belongs to them, but more broadly, it is to protect what is important and to promote the advancement of humankind. And it is from the standpoint of Corporate Social Responsibility (‘CSR’) that we can act!
Bâloise is inspired by the United Nations’ sustainable development objectives when shaping its sustainability policy. Appropriate value creation processes have therefore been introduced for each of the objectives over which Bâloise has the greatest influence: welfare, education, innovation, etc.
We want to provide the best possible environment for our staff by promoting diversity, personal development and well-being.
We want to help our clients and stakeholders live a simpler and more stress-free life. All this thanks to clear communications, and to solutions and services which meet and exceed their requirements.
Bâloise is actively involved in the local fabric of the Grand Duchy through partnerships:
Bâloise is also a partner of the University of Luxembourg and has set up privileged partnerships with various student associations.
This Network - the members of which come from all our group companies - is managed by the Sustainable Development Team of the Baloise Group. It is committed to the development of sustainability so that it is a fully embedded part of our corporate strategy. It coordinates implementation in our business and business processes.
The Board of Directors plays an active role in overseeing and deciding on the implementation of our approach to sustainability.
It ensures that our responsible and sustainable decision-making is integrated with everything we do.
Local communities (e.g. HR, product management, etc.) are responsible for implementation at the operational level. The members of the sustainability network are the coordinating body in each of these communities.
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