Our positioning as regards the Sustainable Finance Disclosure Regulation (the ‘SFDR’)
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: email@example.com.
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.
Our approach to sustainability
Our 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.
Our vision: to create value for all our stakeholders!
Increasing the well-being of our staff
We want to provide the best possible environment for our staff by promoting diversity, personal development and well-being.
Support for our clients and partners
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.
- By involving them in our business transformation through regular panels in order to understand their specific needs
- By consulting them as often as possible in order to offer continuous improvement
- Streamlined and user-friendly client experiences
- Documentation which is transparent and clear
- Digitised processes for less paper: electronic signature, client portal ...
- Concerning alternative transport (bicycles and electric cars)
- Concerning responsible investment
- Concerning digital solutions
- Concerning our partnership with the mutual CMCM insurer
- Concerning the demystification of financial markets and life insurance in general.
- Concerning our partnership with Etika (a Luxembourg non-profit association which aims to promote the development of ethical money) to help us strengthen our sustainability approach.
- Robust compliance
- Regular audits
- Regular reviews of our key processes
- Continuously improved client documentation for maximum clarity and transparency
- A transparent and responsible approach to taxation.
A company committed to a responsible society
Bâloise is actively involved in the local fabric of the Grand Duchy through partnerships:
- Sports: cycling sponsor for the Tour de Luxembourg, for the Luxembourg Athletics Federation, for the Réiser Päerdsdeeg/CSI international equestrian jumping competition;
- Culture: by supporting the ‘Rockhal’, Luxembourg’s largest performance and concert hall;
- Concerning health and prevention:
- By supporting the Fondation contre le Cancer for more than 10 years
- By supporting the ALAN association which helps those affected by rare diseases
- By partnering with Vireo to offer and make available to everyone the MyMindScan tool in order to make everyone aware of psycho-social risks
- By regularly involving the Fondation Autisme Luxembourg (events, catering, etc.)
Concerning the protection of biodiversity, by supporting the Natur & ëmwelt association
Bâloise is also a partner of the University of Luxembourg and has set up privileged partnerships with various student associations.
- Objective: to facilitate exchanges in the fields of education and recruitment opportunities for students, provision of scholarships, etc.
Protection of the environment
- A new ecological headquarters and the choice of recyclable materials (supplies, furniture, etc.)
- The promotion of digitisation vs. paper: the ‘Zero Paper’ initiative
The Internal Sustainability Network
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.
Our memberships in the field of sustainability