We create sustainable value
To start thinking about tomorrow today
The term sustainability may have evolved since it was first mentioned back in the 18th century, but the basic principle remains the same: we must not live at the expense of future generations in the long term and we need to be careful with our finite resources. It is important to consider economic, social and ecological interactions – after all, without an intact environment, there is no economic and social progress, and without social and economic prosperity, there is no intact environment.
For Baloise, sustainable development means much more than simply securing our own business activities as an insurer, bank and asset manager – we want to offer our employees secure workplaces and to not only accept social change but also actively contribute to it. After all, we want to be part of a liveable future for all.
Creating sustainable value
We want to run our company in a responsible and future-focused manner. Baloise thus focuses on the Sustainable Development Goals of the United Nations (UN SDGs). The corresponding value-creation processes were allocated to the goals on which Baloise can have the biggest impact.
Example: We attach particular importance to modern training and further education for our employees. By supporting our apprentices and employees, we not only add value to our own company, but also increase our employees’ chances in the labour market. After all, it’s about give and take: if we offer our employees a wide range of opportunities for further development, we hope to be able to find a well-trained workforce in the labour market in the future.
Sustainable to the very last detail
Sustainability should be embodied throughout the whole company, but it can be difficult to keep track of this. We have therefore developed the Baloise Value Creation Model: it illustrates the cycle of how Baloise creates sustainable added value through various resources – employees, customers, society, the environment, partners and investors.
Resources such as employees, investors and the environment are at the start of the cycle. In line with our Simply Safe strategy, these are used in the three divisions of insurance, banking services and asset management so as to make an impact – the investments of our investors thus become innovations that benefit our customers. The divisions of Corporate Governance, IT Security, Risk Management and Compliance form the foundation for this process.
Taking responsibility together
The sustainability network established in 2019, consisting of the Baloise divisions which influence the issue within Baloise and which are influenced by it, has the necessary specialist expertise for developing the content of the sustainability approach and updating this regularly. The Group Strategy Board (GSB), which comprises the Corporate Executive Committee (CEC) and the CEOs of the national subsidiaries, decides on the implementation and application of the content. The Board of Directors is responsible for developing the sustainability approach, embedding it in the overall strategy and overseeing it.
Measuring and assessing sustainability
Specialist agencies assess Baloise on its performance in relation to environmental, social and sustainability criteria, as well as its ethically correct governance by means of sustainability ratings or ESG ratings (ESG = Environment, Social, Governance).
The aim of sustainability ratings is to aid the decision-making processes of investors and creditors that base their activities on certain social and/or environmental sustainability criteria as well as economic criteria.
Baloise concentrates on the ratings it regards as most important: the MSCI, Sustainalytics, the Dow Jones Sustainability Indices (SAM Score) and the ISS ESG.
Baloise is also part of the FTSE4Good Index Series, a member of Swiss Sustainable Finance (SSF) and a signatory of the Principles for Responsible Investment (PRI) as well as the Principles for Sustainable Insurance (PSI).
Our Value Creation Model
Our Simply Safe strategic focus lies at the heart of our value creation. With Simply Safe, we strive for future-oriented growth and aim to become the first choice for everyone who simply wants to feel safe.
The drivers of our value creation are our products and services in the areas of asset management, banking and insurance as well as within our ecosystems which expand our product range.
The divisions of IT Security, Corporate Governance, Risk Management and Compliance are the foundation for Baloise’s future-focused operability as well as the value creation for all our stakeholders.
The individual stakeholder groups are the resources of our value creation. All our activities are geared toward them in order to achieve an economic, ecological and social impact.
The resources we use have an impact on individual stakeholders as well as Baloise itself in the form of economic, ecological and social improvements which flow back into the value creation as resources.