The latest report from PrismaLife cover its ESG strategy and achievements;
PrismaLife AG publishes its Sustainability Report 2023 and once again records progress in its sustainable corporate strategy. This includes environmental issues as well as social and employee issues as well as governance issues. The core areas are the company’s investments and the investment options for customers.
“The Sustainability Report 2023 underlines PrismaLife AG’s commitment to a sustainable future. We have consistently developed our ESG strategy and have been able to make progress in capital investment and in reducing our CO2 emissions,” explains Holger Beitz, CEO of PrismaLife AG. “Our results show that we are on the right track to find the balance between economic goals and ecological responsibility.”
Proportion of sustainable customer investments increased
The volume of customer investments in investment funds classified as sustainable rose from around EUR 100 million to EUR 118 million in 2023. The share of the total volume of customer investments thus rose from 7.8 to 9.5 percent. Due to changes in the ratings of various funds in the rating process, the MSCI score of client investments fell from 8.0 to 7.0. Of the 148 funds eligible for selection in PrismaLife’s portfolio as of 31.12.23, 95 were classified as Article 8 funds, with a further 14 falling under Article 9.
Own investment with an above-average ESG score
The ESG score of PrismaLife’s investment in the cover pool and in its own investments was again above average in 2023 with a value of 7.31. It was thus slightly below the previous year’s recalculated figure according to the current methodology and remained in the “AA” range of MSCI’s rating.
Emissions from own operations fall below target
The value of CO 2 emissions caused by the company’s own operations has also improved. They fell from 29.0 to 21.4 tonnes of CO2e. This means that the target of reducing emissions to less than 25 tonnes has already been exceeded and the trend towards reduction has continued. Although the decline is partly due to more precise calculation methods, the measures to reduce mobility-related emissions were successful. Paper consumption also continued to decline. Since PrismaLife has now converted almost all energy sources to renewable resources, further reductions are likely to be difficult in the coming years. PrismaLife compensates for the unavoidable residual emissions annually with corresponding climate certificates from Switzerland.
Reporting standards are becoming clearer – but also more complex
Sustainability reporting is moving closer to the increasingly clear requirements of the Corporate Sustainability Reporting Directive (CSRD) in terms of structure and content. In addition, the key figures on CO2 emissions were also verified by an independent auditing firm in 2023.
“With regard to capital investment, there is a lot of movement at the regulatory level and in the specific classification of investments. This makes a general assessment of progress difficult,” explains Beitz. “Nevertheless, we welcome the increasing specification of the requirements. However, it is important not to lose sight of the scope and detail of reporting requirements. Our experience shows that an exaggerated scope of the data to be reported that is not sufficiently adapted to the respective situation of the companies very quickly has a counterproductive effect and can reduce the informative value of the reporting.”
The Sustainability Report can be found on the PrismaLife website.
Bildmaterial unter: www.prismalife.com/de/presse/
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