Helvetia Group
helvetia.com
Green Bond
Report.
December 2022.
Contents
3 |
The Helvetia Group at a Glance |
3 |
1. Our Profile |
3 |
2. Corporate Responsibility of Helvetia |
- 3. Facts and Figures
- Green Bond Framework
7 1. Introduction
- 2. Use and Management of Income
- 3. Conduct and External Review
- Revenue Allocation Report
- Report on the Impact of Investments in Qualified Green Assets
- Methodological Notes
- Appendix
13 Qualifying Green Assets
- Images of property investments and developments financed by Green Bond Proceeds
- Disclaimer
Green Bond Report 2022
The Helvetia Group at a Glance
3
Helvetia Group
in a View
1. Our Profile
The Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to become a successful insurance group with more than 12,000 employees and more than 7 million customers. This allows its customers to seize opportunities and minimize risks at all times – Helvetia is there for them when it matters. Helvetia is the best partner and is everywhere in need of protection, with insurance, pension and investment solutions from one source as well as simple products and processes. The insurance group knows the business, from mobile phone insurance and insurance insurance for the Gotthard Base Tunnel to long-term investment in customer assets. Helvetia develops and opens new business models with enthusiasm and pushes forward its own business in a strong and future-oriented way. It operates with vision and responsibility in everything it does: for the benefit of shareholders, customers and employees as well as its partners, society and the environment.
Helvetia is Switzerland’s leading all-line insurer. In the European segment consisting of Germany, Italy, Austria and Spain, the company is firmly rooted in market positions for generating above-average growth. In the Specialty Markets segment, Helvetia offers tailored specialty insurance and reinsurance cover worldwide.
2. Corporate Sustainability in Helvetia
Our ambition
Helvetia recognizes its responsibility and position to help combat climate change and environmental degradation by supporting the transition to a low carbon sustainable economy and the achievement of the UN Sustainable Development Goals. As a contribution to combating climate change, Helvetia wants to reduce CO2 emissions in its business operations to net zero emissions in 2040. Similarly, we will continue to reduce emissions in our investment portfolio to reach net zero emissions in 2050.
Helvetia operates an active environmental management system at its locations and has achieved its goal of obtaining renewable energy for 100% of global annual electricity needs. Helvetia’s procurement process is based on a consistent strategy for reducing emissions. Helvetia recovered the remaining CO2 emissions of his own business operations with an investment in
Green Bond Report 2022
The Helvetia Group at a Glance
4
high quality climate protection projects, some of which are Gold Standard certified. Under Helvetia ClimatePartner ID 12937-1809-1001, the individual projects and quantities to offset CO2 the emissions can be seen clearly. Therefore, Helvetia is carbon-neutral throughout its group operations.
Less than 7% of the Helvetia group’s financial assets are invested in climate-sensitive sectors. According to the largest global investor initiative on climate change impact management (CDP), Helvetia is one of the most transparent financial services providers with an “A-” rating.
To provide a comprehensive, systematic approach to sustainability around Helvetia’s core business activities, a group-wide framework has been defined with guidelines for the careful assessment of sustainability risks and adverse effects to continue. In the previously small niche market of products with sustainability components, in 2021 and for the first time, we achieved a triple-digit percentage growth in the range of 181%. Many of its investments are sustainable, as evidenced by an average MSCI portfolio rating of “A” over the years. 2021 also marks a milestone in the continuation of Helvetia’s journey with the announcement of its Responsible Investment Strategy. In addition, a sustainable real estate strategy with targets has been defined for integrating the sustainability aspects of Helvetia’s real estate business.
Helvetia will adapt to changes in the business environment – demands, expectations and opportunities – to become more digital and climate friendly.
For example, Helvetia promotes sustainable development in the following ways:
- Responsible real estate investments: The goal is to finance and accelerate energy efficiency measures in its real estate portfolio over the next ten years to promote buildings that respond to climate change and contribute to sustainable development.
- Fit in Parisfinancing: Helvetia announced that it will align the key sectors of its financing portfolio with the goals of the Paris Agreement and Helvetia announced its goal, to reach net zero by 2050 for the investment portfolio. Therefore, the carbon intensity of the portfolio will always decrease over time and will be tracked by measuring the greenhouse gas (GHG) emissions of its investments in key sectors.
- Risk management: Helvetia supports the recommendations of the TCFD and is willing to contribute to the management of climate change risks in the financial markets through better reporting and the expanded involvement of climate-related corporate performance and risk considerations in routine capital allocation decision-making within the financial system.
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Operational sustainability: Helvetia has a strong focus on environmental measures in
to reduce the carbon footprint as a company.
Green Bond Report 2022
The Helvetia Group at a Glance
5
Memberships and partnerships
Specifically in real estate, Helvetia’s path forward is best described as follows:
- Through normative, strategic and operational anchoring, sustainability plays a key role in all decisions for Helvetia, especially in the development, investment and management of real estate.
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The sustainability strategy continues with the goal of further improving the value of investments for investors as well as tenants while simultaneously considering ecological, social
and economic aspects. Helvetia is convinced that optimal long-term development is only possible through the sustainable management of assets throughout their entire life cycle. the
The core of Helvetia’s Real Estate Asset Management sustainability strategy is formed by sustainability aspects, which are considered most relevant to achieving its sustainability goals. - Based on the defined sustainability objectives, a measurement concept with six sustainability targets is defined, which is used to monitor effectiveness and the measures derived from it. The six sustainability targets are:
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- Reducing greenhouse gas emissions in building operations
- Reduce energy and water requirements
- Expand environmentally friendly movement
- Reduce operating costs
- Increasing user satisfaction
- Optimizing communication with stakeholders
The objective is to map the annual actual status of the portfolio and to track the achievement of targets by monitoring to move towards CO2– neutral future. More information on our real estate sustainability goals and measures is available in the sustainability reports from Helvetia Asset Management and the Helvetia Investment Foundation.
To learn more, please visit our sustainability website and read our 2021 Corporate Responsibility Report.
Disclaimer
Helvetia Holding AG This content is published on 06 December 2022 and is solely responsible for the information contained therein. Distributed to the Public, unaltered and unaltered, in 08 December 2022 08:22:02 UTC.
Public now 2022
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Technical analysis trends HELVETIA HOLDING AG
Short Term | Mid Term | Long Term | |
Trends | Bullish | NEUTRAL | Bearish |
Evolution of the Income Statement
For sale Buy |
|
Meaning consensus | OUTPERFORM |
Number of Analysts | 4 |
Final Closing Price | 109,00 CHF |
Average target price | 103,50 CHF |
Spread / Average Target | -5.05% |