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 2022

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 39th general meeting of shareholders of Sava Re, held on 5 June 2023, approved the Directors’ Remuneration Report of Sava Re d.d. for the Financial Year 2022 (Directors’ Remuneration Report), whereas the advisory vote on the resolution to approve the Remuneration Policy for Members of Management and Supervisory Bodies of Sava Re d.d. (Directors’ Remuneration Policy) was not carried. Although the Directors’ Remuneration Policy is valid and consistent with the law, it is not fully aligned with the recommendations of the shareholder Slovenian Sovereign Holding published on 4 May 2023. The Company will examine the deviations from the recommendations of this shareholder and will put a revised remuneration policy to a vote at the next annual general meeting of Sava Re.

More on: Corporate governance

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

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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19 July 2021

Sava Insurance Group adopts sustainable investment policy

Under its sustainable development strategy for 2020–2022, the Group gradually and systematically incorporates ESG criteria into its decision-making processes...

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17 June 2021

Sava Pokojninska fund awarded 5 stars for 5-year performance

This year again the  Moje Finance  (My Finances) magazine organised a competition for the best performing supplementary pension funds with interest rate...

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