Basel, 4 October 2023. Baloise is committed to the goals of the Paris Climate Agreement and supports the efforts of Switzerland and the European Union (EU) to achieve net zero by 2050. To plan its journey to this destination, Baloise has set itself a Climate Roadmap.
“Baloise has served its stakeholders as a reliable partner for around 160 years. The company has had its own environmental mission statement since 1999, which has been continuously expanded in various directions in recent years. With the adoption of the Baloise Climate Roadmap, we are defining how we intend to achieve our climate targets within the framework of our value creation model, with the intention of reducing our greenhouse gas emissions and thus making our contribution to climate protection,” says Michael Müller, CEO of the Baloise Group.
Baloise Board of Directors adopts Baloise Climate Roadmap
The Baloise Climate Roadmap adopted by the Board of Directors of the Baloise Group describes the next step in our commitment to greater sustainability. Baloise is committed to the goals of the Paris Climate Agreement and supports the efforts of Switzerland and the European Union (EU) to achieve the net-zero target by 2050.
Baloise has already reduced its operational emissions by more than 75 per cent since 2000. Next, Baloise is aiming to reduce these emissions by a further 25 per cent by 2030 compared to 2022.
Our biggest lever for mitigating the consequences of climate change is to manage investments and insured risks in line with climate criteria. This requires comprehensive, good-quality data, which is not yet available to the necessary extent. For this reason, Baloise first wants to develop a secure foundation of data, on the basis of which it can set reduction targets for its investment and insurance portfolios by 2025.
Disclaimer
This document has been produced by Baloise Holding Ltd (Baloise) and the recipient is not entitled to copy or modify, offer, sell or otherwise pass it to third parties without the consent of Baloise. The German version of the document is authoritative and binding. Versions of the document in other languages are for information only. Every reasonable effort has been made to ensure that the facts and opinions presented in this document are fair and reasonable. It should not be assumed that information and figures quoted from external sources have been verified or confirmed by Baloise. Neither Baloise as such nor its decision-making bodies, senior managers, employees and advisors or other persons accept any liability for losses arising directly or indirectly from the use of this information. The facts and information presented in this document are as up to date as possible, but may change in the future. Both Baloise as such and its decision-making bodies, senior managers, employees and advisors or other persons affiliated with Baloise or otherwise associated with it, reject any explicit or implied liability or warranty for the accuracy or completeness of the information contained in this document.
This document may contain forecasts or other forward-looking statements relating to Baloise, which by their nature involve general and specific risks and uncertainties, and there is a danger that the forecasts, predictions, plans and other explicit or implied content of forward-looking statements may turn out to be incorrect. We would point out that these are merely forecasts and their value should not be overstated, and that a number of important factors may contribute to the actual outcomes varying greatly from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes to the general economic situation, particularly in the markets in which we operate, (2) developments in the financial markets, (3) interest rate changes, (4) exchange rate fluctuations, (5) changes to laws and regulations, including accounting principles and practices, (6) risks associated with the implementation of our business strategies, (7) the frequency, scope and general growth in claims, (8) mortality and morbidity rates, (9) policy renewal and lapse rates and (10) extent to which economies of scale and scope can be realised. In this context we would point out that the above list of important factors is not exhaustive. When assessing forward-looking statements you should therefore examine the named factors and other uncertainties carefully. All forward-looking statements are based on information available to Baloise on the date of their publication, Baloise is not obliged (and explicitly rejects any obligation) to update or amend these forecasts or other forward-looking statements or to adjust them in line with any new information, future events, developments, trends or similar.
Contact
Baloise, Aeschengraben 21, CH-4002 Basel
Website: www.baloise.com
E-Mail: media.relations@baloise.com / investor.relations@baloise.com
Media Relations: Tel: +41 58 285 70 05
Investor Relations: Tel: +41 58 285 81 81
About Baloise
The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and personal transport, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8.8 billion in 2022. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
