
8f6321860a9c5d662ab889ff3b07597d.ppt
- Количество слайдов: 8
Greenhouse Gas Risk Solutions Commercializing Swiss Re’s Sustainability Commitment 1
Greenhouse Gas Risk Solutions Targeted Emission Reduction Business Activities Asset Management ECO Portfolio Carbon Disclosure Project 3 rd Party Asset Management consumer products Hedge Fund 2 Re/insurance Risk Management D&O and PD/BI Delivery Guarantees Professional Indemnity Weather Derivatives Credit Guarantees Project Finance Structured Finance Revenue Stream Enhancement
Asset Management “greenhouse neutral” products Asset Management Consumer Choice ECO Portfolio Carbon Disclosure Project 3 rd Party Asset Management consumer products Hedge Fund 3 Swiss Re as Independent Fund Manager Emission Offset Fund Projects to offset Consumers emissions
A “greenhouse neutral” Swiss Re The programme structure n To reduce internal emissions by 15% over 10 years by implementation of energy efficiency measures at owned locations n To invest $2, 5 million over 10 years in the World Bank Community Development Carbon Fund (CDCF) n Any deficit after 10 years to be made up from internal hedge fund 4
Insurance - the Value of Swiss Re’s Balance Sheet to a Delivery Guarantee Re/insurance Risk Management D&O and PD/BI Delivery Guarantees Professional Indemnity 100 t Biomass Energy Project SWISS RE @$ 3. 5 t = $350 100 t Nets $75 Plus 15 t for reserves Benefits from higher cash flow Without Swiss. Re 50 t @$4 = $200 Benefits from guaranteed delivery by SR 5 85 t @$5 t COMPLIANCE BUYER 85 t = $425
Insurance - Professional Indemnity for Certification/Verification Re/insurance Validation Risk Management D&O and PD/BI Delivery Guarantees Verification Professional Indemnity n Additional Risk to existing Professional Indemnity Insurance carried by Auditing Firms Certification n New Risks for New Entrants Emission Certificate 6
Project Finance Structured Finance Revenue Stream Enhancement n Application of structured project finance and carbon delivery guarantees to a new sector: emissions reductions / renewable projects n The benefits of extracting these risks from a project are: – Raises the project investment rating – Increases ROE – Reduces financing costs – Frees up capital for other investments n Swiss Re acts as a facilitator of projects by structuring out the risk elements and thus attracting the financing 7
So where are we going? ANTICIPATE & MITIGATE FUTURE LOSSES n Improvement of identification and management of environmental and social/societal risks FIND NEW SOURCES OF REVENUE n Identification of market opportunities and development of new products contributing to the mitigation of environmental and societal exposures SAVE COSTS n 8 Improvement of environmental performance of internal operations and logistics
8f6321860a9c5d662ab889ff3b07597d.ppt