Sustainability-related disclosures
As a participant on the financial market within the meaning of Regulation (EU) 2019/2088 on sustainability-related disclosure requirements in the financial services sector (the so-called Disclosure or Transparency Regulation or SFDR), PrismaLife AG is obliged to disclose certain sustainability-related information at the corporate and product levels.

Sustainability-related disclosure on the security and special assets of PrismaLife AG
1. Summary
PrismaLife's protection and special assets are managed in a joint portfolio, the so-called cover pool. Environmental and social features are advertised, but no sustainable investments are targeted. The considered environmental and social characteristics include sector and value-based exclusions, a comprehensive assessment of ESG factors and the CO2 intensity of the investments.
As a sustainable pension specialist, PrismaLife AG consistently follows a two-stage investment process that includes return, liquidity and risk parameters as well as ESG objectives. In the first stage, the financial market-oriented analysis is carried out according to asset classes, sectors, yields and maturities as well as classic rating ratios. In the second stage, potential investment products are screened against ESG criteria and prioritised if necessary. The investment decision is then made according to the better ESG score in each case and the lowest possible CO2 intensity, as well as considering the defined exclusion criteria. Data from a recognised external data provider specialising in sustainability analysis is used to evaluate the investment options (currently MSCI ESG Research). Existing investments are regularly monitored according to the same ESG criteria. In the event of serious violations or controversies, it is examined whether the position can be reduced.
2. No significant impairment of the sustainable investment objective
This financial product advertises environmental or social features, but does not aim at sustainable investments.
3. Environmental or social characteristics of the financial product
The environmental and social features of this financial product include the following:
- Sector and value-based exclusions: Exclusion criteria are applied to investments. A distinction is made between criteria for companies and states.
- ESG assessment: PrismaLife uses the service of the external data provider MSCI ESG Research to assess investment options using a comprehensive ESG rating. The investments of the cover pool should show an above-average ESG score overall. In addition, new investments purchased during the financial year should not worsen the ESG score of the portfolio at the end of the year.
- Greenhouse gas emissions: The CO2 intensity of the investment portfolio is evaluated regularly. Investments with the lowest possible CO2 intensity shall be preferred and the CO2 emissions of the entire portfolio shall be below those of a non-ESG-optimised comparison portfolio.
4. Investment strategy
In its cover pool, PrismaLife pursues a deliberately conservative investment policy based on sustainability criteria. The primary objective is to generate the annual interest obligations. This goal should also be achieved in the future by investing in sustainable investments.
When selecting suitable investments, classical key figures such as yield, duration and creditworthiness of the issuers are first evaluated. In a second step, investments suitable according to these key figures are measured against ESG criteria. Exclusion criteria apply to all new investments, distinguishing between companies and governments as issuers. In addition, the investments of the cover pool should achieve an above-average MSCI ESG score overall. New investments purchased during the course of a financial year should not worsen the ESG score of the portfolio at the end of the year. In addition, the level of CO2 emissions of the portfolio is measured. Investments with the lowest possible CO2 intensity shall be preferred and the CO2 emissions of the entire portfolio shall be below those of a non-ESG-optimised comparison portfolio.
Existing investments are regularly monitored according to the same ESG criteria. In the event of a breach of the defined exclusion criteria, it is examined whether the position can be reduced.
The evaluation of good corporate governance practices is considered in various aspects of the sustainability strategy pursued. On the one hand, when determining the MSCI ESG rating, it is assessed, among other things, whether material risks for the investment emanate from the corporate governance. In addition, minimum protection measures are anchored in the applicable exclusion criteria. Good governance practices in terms of democratic governance are also assessed for sovereign bonds. All exclusion criteria are also regularly monitored for investments in the portfolio. In the event of serious violations or controversies, it is examined whether the position can be reduced.
5. Allocation of investments
This financial product advertises environmental or social features but does not aim for sustainable investments. Investments are mainly made in investments that focus on environmental or social characteristics. These investments are made to achieve the advertised environmental or social characteristics. In addition, cash may be held in the portfolio for liquidity purposes and strategic considerations. Furthermore, the category «Other investments» may also include investments for which no sustainability data is available.
6. Monitoring of environmental or social characteristics
The environmental and social characteristics of the investments in the portfolio are reviewed regularly, but at least once a year. PrismaLife uses the service of the external data provider MSCI ESG Research to evaluate the investments on the basis of a comprehensive ESG rating, CO2 intensity and the defined exclusion criteria. The results of the analyses are presented to the Investment Committee. In the case of serious findings, it is examined whether the position can be reduced.
7. Methods for ecological or social characteristics
PrismaLife uses the service of the external data provider MSCI ESG Research, which provides comprehensive sustainability data. The responsible employees at PrismaLife are trained in the use of this data and always keep their knowledge on the subject of sustainability up to date. At the heart of the analysis is the MSCI ESG Score, which combines a variety of data on the handling of sustainability risks and opportunities as well as on adverse sustainability impacts into a rating for companies and countries. In addition, data on CO2 intensity and controversies in connection with the defined exclusion criteria are evaluated.
8. Data sources and processing
PrismaLife uses sustainability data provided by MSCI ESG Research to assess the defined exclusion criteria and to calculate the ESG score and the CO2 intensity of the portfolio. PrismaLife does not estimate any data at the current time.
9. Limitation on methods and data
Investments for which MSCI ESG Research does not provide data may be made under «Other Invest-ments». These investments will be included in the regular analysis. In the event that data becomes available that would argue against an investment, the case will be considered by the Investment Committee and whether the position can be reduced.
10. Due dilligence obligationsuties of care
PrismaLife considers the most significant adverse effects of investment decisions on sustainability factors in the areas of environment, social affairs and employment, respect for human rights and the fight against corruption and bribery in order to maintain due diligence in the investments of the cover pool. Special consideration is given to greenhouse gas emissions in the area of the environment and to sviolations of UNGC principles and involvement in controversial weapons in the area of social affairs and employment. These topics are anchored in the defined exclusion criteria and are regularly monitored.
This ensures that investments are not made in companies and/or financial instruments with particularly high adverse impacts on sustainability factors. If an increase in adverse impacts is identified in existing investments, it is examined whether the affected positions can be reduced.
11. Participation policy
PrismaLife currently does not hold any direct equity investments and can therefore not actively exercise any voting rights in the sense of an ESG commitment. In addition, in view of the comparatively small cover pool, PrismaLife has hardly any opportunities to influence ESG aspects by actively exercising voting rights.
Sustainability-related disclosure on the insurance products of PrismaLife AG
Sustainability-related information on PrismaLife insurance tariffs can be found on the page of the respective tariff.