An insurance giant is shifting $130 billion into ethical investments
Wednesday, July 12, 2017
Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry.
The world’s second-largest reinsurer is 90 percent of the way through shifting its holdings from tracking traditional benchmarks, a process it expects to complete by the end of the third quarter in 2017.
It said taking social and governance (ESG) criteria into account reduced the risk of losses especially for long term investors.
Source: Business Insider (link opens in a new window)
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