The sustainability-orientation of the Sava Insurance Group is driven by its mission and values.

We are building a customer-centric, flexible and sustainability-oriented insurance group.

We build long-term corporate social responsibility in continuous dialogue with our stakeholders, supporting global sustainability goals, with a particular focus on climate change, the health and well-being of our customers, employees and the wider community.

Group companies strive to be seen by their stakeholders as:

  • credible and socially responsible partners,
  • socially responsible asset and equity managers,
  • responsible and attractive employers,
  • socially responsible towards the wider community.

Sustainable Development Policy of the Sava Insurance Group

Sustainable Development Strategy of the Sava Insurance Group for 2023–2027


Sustainability report 2023

Sustainability Investment Policy of the Sava Insurance Group and Consideration of the Principal Adverse Impacts

The Sava Insurance Group companies do not directly consider the adverse impacts of investment decisions on sustainability factors as defined in Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (Sustainable Finance Disclosure Regulation – SFDR). Indirectly, by following the Sustainability Investment Policy of the Sava Insurance Group, the companies pursue more important sustainability-related investment objectives in managing their investment portfolios.

The purpose of the Sustainability Investment Policy of the Sava Insurance Group is to regulate the Group’s approach to the environmental, social and governance (ESG) considerations in its investment process. The Policy is also intended to ensure that the Group complies with applicable laws and regulations relating to investments, such as SFDR and other EU and national regulations. It outlines the Group’s commitments to a responsible and sustainable investment practice to the benefit of its customers and society.

Sustainability Investment Policy of the Sava Insurance Group as at 31 December 2022

Sustainability-related Disclosure as at 30 June 2023

Sustainability-related Disclosure as at 31 December 2022

Sustainability-related Disclosure as at 2 August 2022

Sustainability-related Disclosure as at 30 June 2021

Sava Insurance Group’s guidelines for responsible underwriting of environmental, social and governance risks in the non-life insurance business

In January 2022, the management board of Sava Re adopted sustainability guidelines for the Group’s non-life portfolio. The purpose of the guidelines is to provide a framework for the responsible underwriting of environmental, social and governance (ESG) risks under non-life insurance policies issued by Sava Insurance Group members.

Sustainability Guidelines for the Group’s Non- life Portfolio

 

Remuneration of Sava Re

The Company’s remuneration policy establishes the framework for planning, implementing and monitoring remuneration systems and schemes that support the Company’s and the Group’s long-term strategy and risk management policy. The policy is designed to promote the Company’s sustainable operations and sustainability, with all the incentive systems at all organisational levels contributing to the Company’s sustainability by aligning the goals and individuals’ behaviour with the long term-mission and building long-term value for all stakeholders and the Company’s reputation, while avoiding risks that exceed the Company’s risk appetite.

Contact

Špela Gutnik

Špela Gutnik Sava Insurance Group Sustainability Coordinator

Telephone:
+386 1 47 50 119

Email:
spela.gutnik@sava-re.si

Sustainable development news

2 July 2024

Sava Insurance Group joins PCAF

Sava Insurance Group joins PCAF Sava Re d.d., on behalf of the Sava Insurance Group, has joined the Partnership for Carbon Accounting Financials (PCAF).

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16 April 2024

Sustainability Report of the Sava Insurance Group and Sava Re for 2023

Sustainability is our commitment and our responsibility We’re publishing our sustainability report for 2023, which shows how 3,009 employees of the Sava...

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18 March 2022

Sava Insurance Group donates €100,000

The Sava Insurance Group has decided to help the people of Ukraine as part of its Heart for the World initiative, under which its employees and companies bring to...

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