We create sustainable value
Easy to explain, tricky to implement
Sustainability is the word in everyone’s mouth – but what exactly does it mean to live and operate sustainably? The term originally comes from the forestry industry and can be easily explained in this context: you shouldn’t cut down more trees than you plant. The forest will thus be preserved for future generations.
The term has evolved since then 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.
To start thinking about tomorrow today
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.
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.