Swiss Life Holding AG

Swiss Life's "Political Communication" steering committee defines the strategic orientation of its political work. The members of this committee are the Group CEO and Group CFO, the CEOs of the divisions headquartered in Switzerland, the General Counsel, the Chief Risk Officer, the Heads of Group Communications and Group Human Resources. The steering committee meets four times a year and defines the political priorities. The Government Relations & Public Affairs team of the Swiss Life Group reports to the Chairman of the Board of Directors and bears process responsibility. [...] Political advocacy work and communication are closely coordinated with umbrella and industry associations in all the divisions. Moreover, a number of company executives are members of various national industry associations in particular. In Switzerland, Members of the Corporate Executive Board and Swiss Life employees are active on various committees of the Swiss Insurance Association (SIA).

### Governance

The Executive Board of Swiss Life, chaired by the Group CEO, continuously develops the Swiss Life's sustainability strategy in cooperation with a team of specialists from all divisions. The Board of Directors – the supreme authority for strategic issues – is kept regularly informed about measures and progress in the area of sustainability. As part of the Executive Board, the Group Chief Investment Officer is responsible for ensuring sustainable investment management. The different ESG dedicated organs at Swiss Life Asset Managers are further outlined below.

**ESG Board**

Our responsible investment approach is based on the goal of implementing sustainability in all core processes across all business units and functions. To streamline the implementation and to create internal synergies, the Swiss Life Asset Managers ESG Board (ESG Board) has been established.

The ESG Board comprises ESG specialists from all business units, dedicated ESG managers as well as representatives from core functions and technical experts. It drafts and reviews the responsible investment strategy and approaches, guides the implementation, and encourages teams across departments to exchange insights on sustainability topics. Chaired by the Head ESG, who reports directly to the Group Chief Investment Officer, the board acts as an advisor to the Swiss Life Asset Managers Executive Committee and other management committees. Additionally, all members of the ESG Board and the Executive Committee have ESG targets integrated in their individual objectives to foster commitment towards ESG topics.

**ESG committees**

Members of the ESG Board also chair the corresponding business unit specific ESG committees, which meet monthly to deal with operational implementation and bottom-up idea generation. During the committee meetings, our experts take decisions around ESG integration into the investment or risk management process. They also decide how to deal with investments that other committees and processes have raised as controversial.

**Dedicated ESG team**

A dedicated ESG team is responsible for steering and implementing cross-departmental ESG initiatives and supports ESG integration in daily business activities. It implements the ESG strategy as lined out by the ESG Board and initiates bottom-up ESG projects. While doing so, the team provides specialist knowledge across the organization and promotes the integration of ESG aspects in the different departments.

Swiss Life's "Political Communication" steering committee defines the strategic orientation of its political work. The members of this committee are the Group CEO and Group CFO, the CEOs of the divisions headquartered in Switzerland, the General Counsel, the Chief Risk Officer, the Heads of Group Communications, and the Head of Group Human Resources. The steering committee meets four times a year and defines the political priorities. The Public Affairs team of the Swiss Life Group reports to the Chairman of the Board of Directors and bears process responsibility. [...] Political advocacy work and communication are closely coordinated with umbrella and industry associations in all the divisions. Moreover, a number of company executives are members of various national industry associations in particular. In Switzerland, Members of the Corporate Executive Board and Swiss Life employees are active on various committees of the Swiss Insurance Association (SIA).