Swiss Re says it declined 23 of 170 business transactions it screened, determining that they failed to meet the insurer's conditions for proper social, economic and environmental behavior.
The Zurich-based reinsurance and insurance company released its 2012 Corporate Responsibility Report yesterday saying the 23 transactions did not meet at least one of eight key concerns under its Sensitive Business Risks process. The issues cover defense industry; oil and gas; mining; dams; animal testing; forestry and logging; nuclear weapons proliferation and human rights and environmental protection. The subject of the company's concern covers human rights abuse; use of cruel weapons; adverse impact to humans or the environment; ethical treatment of animals; nuclear non-proliferation, and legal activity.
In addition to the 23 declined transactions, Swiss Re says 18 cases received positive recommendations with conditions “that were eventually met.”
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