ENVIRONMENT

Keenly aware of its responsibility to society, Swiss Life strives to conserve natural resources in a sustainable manner, thus helping to keep the environment intact. Since 1998, Swiss Life in Switzerland has been a member of the Energy Model Zurich and is thus committed to increasing the energy efficiency of its business premises in Zurich by at least 1.5% per year until 2012. The company again reached its target in 2010, lowering not only energy consumption and emissions, but also costs.

Swiss Life is one of the 11 companies which founded the Swiss Climate Foundation in 2008. It donates its steering tax reimbursements on CO2 emissions to the non-profit foundation. With the contributions from all its partner companies, the Swiss Climate Foundation helps small and medium-sized enterprises (SMEs) to improve their energy efficiency and thus protect the climate.

Ecological balance sheet — Reducing energy consumption and emissions — Swiss Life’s specialist unit for environmental management has produced an annual environmental data report for the company in Switzerland since 2006 and for the whole Swiss Life Group since 2008. In accordance with the standard set by the Association for Environmental Management and Sustainability in Banks, Savings Banks and Insurance Companies, the report collects and analyses data on electricity, heating, paper, transport, water and waste disposal and proposes measures for improvement. The Association’s standardised key figures make for fair comparison of the results for the different companies.

The results achieved by the Swiss Life Group are encouraging. In 2009, energy consumption (electricity and heating) went down by about 1.7 million kWh by comparison with the previous year’s figure. The results for 2010 are not yet available. While the overall distance travelled for business purposes remained the same, there was a shift from air travel to trains and motor vehicles. Thanks mainly to improvements in the categories of energy and transport, the main causes of greenhouse gas (GHG) emissions, a reduction of about 1000 tonnes of such emissions was achieved in 2009. Total GHG emissions in 2009 amounted to 12 700 tonnes. For the first time, the 2010 report, which appears in mid 2011, will contain the data from all divisions, including the subsidiary AWD.

ENVIRONMENTAL FOOTPRINT — Ongoing improvement through deployment of alternative energy sources — There are several reasons for the improved results regarding environmental indicators: optimisation of energy efficiency in the business premises, procurement of environmentally friendly electricity from renewable sources and active environmental management.

Since 2006, Swiss Life in Switzerland has been using electricity exclusively from renewable energy sources. In this way, the company has been able to reduce its GHG emissions by about 5650 tonnes; the use of electricity by the business premises now produces almost no GHG emissions at all. Since January 2010 Swiss Life in Germany has also been drawing electricity exclusively from renewable sources. As a result, its GHG emissions have fallen by a further approximately 1000 tonnes.

In 2010 the computer centre at Swiss Life in Switzerland was no longer cooled to such a low temperature as previously, the result being an electricity saving of 300 000 kWh. The consumption of both power and water by the Group has been going down steadily for years. Swiss Life partly uses rainwater for its sanitary facilities, and at the Zurich premises installation of efficient water supply fittings lowered water consumption by three million litres compared with the previous year.

Swiss Life in France launched an environmental information campaign in 2010 aimed at economical use of paper and office supplies. When properties were renovated, the environmentally relevant standards were exceeded. In addition, the national company joined the 10:10 project run by the environmental organisation Good Planet. The objective is to reduce the company’s CO2 output by 3% per year.

Swiss Life in Germany has been taking part in the climate protection programme “ECOPROFIT” since 2008. As a result of the measures taken, the company saves 91 000 kWh of electricity annually at its Munich location and has reduced its annual CO² output by 58 tonnes. In December 2010 it was again awarded the Munich ECOPROFIT company certificate for 2009/2010 for its exceptional commitment to corporate environmental protection. AWD undertakes constant improvement and renewal of its technical installations. The numerous measures implemented since 2001 have yielded energy savings of over 4.5 million kWh.

The Swiss Life Group is one of the leading private real estate owners in Switzerland. As part of its environmental initiatives over the last six years, it has fitted 10 000 of its rental properties with water meters for consumption-based billing. Contracts were concluded in 2010 for the purpose of using lake water for heating and cooling a number of properties in Zurich. The use of alternative energy sources is being investigated for various renovation projects.

In 2010 Swiss Life once again took part in the Carbon Disclosure Project (CDP), in which an independent non-profit organisation conducts the world’s largest survey of corporate information on climate change. So far, however, the data the company has provided are not yet comprehensive enough for inclusion in the Carbon Disclosure Leaders Index (CDLI). To improve dialogue with the various stakeholders on sustainable corporate management, Swiss Life is aiming to produce reports in line with the Global Reporting Initiative (GRI) standard by 2012.