| Substantial contribution to climate change adaptation | DNSH (Do No Significant Harm) |
Economic activities (1) | Absolute premiums, year t (2) | Proportion of premiums, year t (3) | Proportion of premiums, year t-1 (4) | Climate change mitigation (5) | Water and marine resources (6) | Circular economy (7) | Pollution (8) | Biodiversity and ecosystems (9) | Minimum safeguards (10)
| Currency | % | % | Y/N | Y/N | Y/N | Y/N | Y/N | Y/N
A.1. Non-life insurance and reinsurance underwriting Taxonomy-aligned activities (environmentally sustainable) | | | | | | | | |
A.1.1. Of which reinsured | | | | | | | | |
A.1.2. Of which stemming from reinsurance activity | | | | | | | | |
A.1.2.1. Of which reinsured (retrocession) | | | | | | | | |
A.2. Non-life insurance and reinsurance underwriting Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) | | | | | | | | |
Template: The proportion of the insurance or reinsurance undertaking’s investments that are directed at funding, or are associated with, Taxonomy-aligned in relation to total investments
The weighted average value of all the investments of insurance or reinsurance undertakings that are directed at funding, or are associated with Taxonomy-aligned economic activities relative to the value of total assets covered by the KPI, with following weights for investments in undertakings per below: Turnover-based: % Capital expenditures-based: % | The weighted average value of all the investments of insurance or reinsurance undertakings that are directed at funding, or are associated with Taxonomy-aligned economic activities, with following weights for investments in undertakings per below: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount]
The percentage of assets covered by the KPI relative to total investments of insurance or reinsurance undertakings (total AuM). Excluding investments in sovereign entities. Coverage ratio: % | The monetary value of assets covered by the KPI. Excluding investments in sovereign entities. Coverage: [monetary amount]
Additional, complementary disclosures: breakdown of denominator of the KPI
The percentage of derivatives relative to total assets covered by the KPI. X % | The value in monetary amounts of derivatives. [monetary amount]
The proportion of exposures to financial and non-financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI: For non-financial undertakings: For financial undertakings: | Value of exposures to financial and non-financial undertakings not subject to Articles 19a and 29a of Directive 2013/34/EU: For non-financial undertakings: [monetary amount] For financial undertakings: [monetary amount]
The proportion of exposures to financial and non-financial undertakings from non-EU countries not subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI: For non-financial undertakings: For financial undertakings: | Value of exposures to financial and non-financial undertakings from non-EU countries not subject to Articles 19a and 29a of Directive 2013/34/EU: For non-financial undertakings: [monetary amount] For financial undertakings: [monetary amount]
The proportion of exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI: For non-financial undertakings: X % For financial undertakings: X % | Value of exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU: For non-financial undertakings: [monetary amount] For financial undertakings: [monetary amount]
▼M2
The proportion of exposures to other counterparties and assets over total assets covered by the KPI: X % | Value of exposures to other counterparties and assets: [monetary amount]
▼B
The proportion of the insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned economic activities: X % | Value of insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned economic activities: [monetary amount]
The value of all the investments that are funding economic activities that are not Taxonomy-eligible relative to the value of total assets covered by the KPI: X % | Value of all the investments that are funding economic activities that are not Taxonomy-eligible: [monetary amount]
The value of all the investments that are funding Taxonomy-eligible economic activities, but not Taxonomy-aligned relative to the value of total assets covered by the KPI: X % | Value of all the investments that are funding Taxonomy-eligible economic activities, but not Taxonomy-aligned: [monetary amount]
Additional, complementary disclosures: breakdown of numerator of the KPI
The proportion of Taxonomy-aligned exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU over total assets covered by the KPI: For non-financial undertakings: Turnover-based: % Capital expenditures-based: % For financial undertakings: Turnover-based: % Capital expenditures-based: % | Value of Taxonomy-aligned exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU: For non-financial undertakings: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount] For financial undertakings: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount]
The proportion of the insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned: Turnover-based: % Capital expenditures-based: % | Value of insurance or reinsurance undertaking’s investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders, that are directed at funding, or are associated with, Taxonomy-aligned: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount]
▼M2
The proportion of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI: Turnover-based: % Capital expenditures-based: % | Value of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI: Turnover-based: [monetary amount] Capital expenditures-based: [monetary amount]
▼B
Breakdown of the numerator of the KPI per environmental objective
Taxonomy-aligned activities – provided ‘do-not-significant-harm’(DNSH) and social safeguards positive assessment:
(1) Climate change mitigation | Turnover: % CapEx: % | Transitional activities: A % (Turnover; CapEx) Enabling activities: B % (Turnover; CapEx)
(2) Climate change adaptation | Turnover: % CapEx: % | ►M2 ◄ Enabling activities: B % (Turnover; CapEx)
(3) The sustainable use and protection of water and marine resources | Turnover: % CapEx: % | ►M2 ◄ Enabling activities: B % (Turnover; CapEx)
(4) The transition to a circular economy | Turnover: % CapEx: % | ►M2 ◄ Enabling activities: B % (Turnover; CapEx)
(5) Pollution prevention and control | Turnover: % CapEx: % | ►M2 ◄ Enabling activities: B % (Turnover; CapEx)
(6) The protection and restoration of biodiversity and ecosystems | Turnover: % CapEx: % | ►M2 ◄ Enabling activities: B % (Turnover; CapEx)
Template:Template 1: The underwriting KPI for non-life insurance and reinsurance undertakings
Disclosure reference period t |
Economic activities: Non-life insurance and reinsurance underwriting activities (1) | Absolute premiums, year t | Proportion of premiums, year t | Absolute premiums, year t-1 | Proportion of premiums, year t-1
(1) | (2) | (3) | (4) | (5)
| Currency | % | Currency | %
B. Non-life insurance and reinsurance underwriting Taxonomy-non-eligibleTaxonomy-aligned activities | | | | |
Nuclear activities (2) | | | |
Fossil gas activities (3) | | | |
Taxonomy-eligible activities | | | |
Nuclear activities (2) | | | |
Fossil gas activities (3) | | | |
Non-assessed activities considered non-material (4) | | | |
Total (A.1 + A.2 +B)(^{5}) | | 100 % | 100 % | | | | | | 100
(1) Non-life insurance and reinsurance can only be eligible or aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation. (2) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (3) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (4) In accordance with Article 7(8) of this Regulation. (5) Total figure shall contain one of the following: (a) total non-life insurance gross premiums written; (b) total non-life reinsurance gross premiums written; (c) total non-life insurance revenue; (d) total non-life reinsurance revenue.
Explanatory notes for Template 1:
1. ‘Premiums’ in columns (2) and (3) shall be reported as gross premiums written or, as applicable, turnoverrevenue relating to non-life insurance or reinsurance activity. The information in column (4) shall be reported in disclosures in the year 2024 and thereafter. Non-life insurance and reinsurance can only be aligned with Regulation (EU) 2020/852 as activity that enables climate change adaptation.
2. The information in columns (4) and (5) shall be reported in disclosures in the year 2024 and thereafter. (t-1): Indicates the last financial year when data on Taxonomy-alignment was reported. If no data was reported in year t-1, leave columns (4) and (5) empty.
Template 2: Investment KPI
| Exposures | % | Million EUR
1 | Total AUM | 100 |
2 | Assets covered by the KPI | |
| % of covered assets | % Turnover based | % CapEx based
3 | Taxonomy eligible | |
4 | Nuclear activities (1) | |
5 | Fossil gas activities (2) | |
6 | Taxonomy aligned | |
7 | Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU | |
8 | of which Non-financial undertakings | |
9 | of which Financial undertakings | |
10 | Other covered counterparties and real estate assets | |
11 | Investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders | |
12 | Exposures included on a voluntary basis (3) | |
13 | Transitional activities | |
14 | Enabling activities | |
15 | Nuclear activities (1) | |
16 | Fossil gas activities (2) | |
| Taxonomy aligned per objective | % Turnover based | % CapEx based
17 | Climate Change Mitigation (CCM) | |
18 | Climate Change Adaptation (CCA) | |
19 | Water and marine resources (WTR) | |
20 | Circular economy (CE) | |
21 | Pollution (PPC) | |
22 | Biodiversity and Ecosystems (BIO) | |
23 | Non-assessed exposures | |
24 | Exposures financing non-assessed non-material activities of counterparties (4) | |
25 | Exposures financing counterparties reporting in accordance with Article 7(9) to this Regulation (5) | |
26 | Non-assessed exposures considered non-material by the reporting entity (6) | |
| Breakdown of covered assets | % | Million EUR
27 | Undertakings subject to Articles 19a and 29a of Directive 2013/34/EU | |
28 | of which Non-financial undertakings | |
29 | of which Financial undertakings | |
30 | Other covered counterparties and real estate assets | |
31 | Investments other than investments held in respect of life insurance contracts where the investment risk is borne by the policy holders | |
32 | Exposures included on a voluntary basis (3) | |
(1) Referred to in Sections 4.26, 4.27 and 4.28 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (2) Referred to in Sections 4.29, 4.30 and 4.31 of Annexes I and II to Delegated Regulation (EU) 2021/2139. (3) In accordance with Article 7(3) of this Regulation. (4) In accordance with Article 7(8)(a) and (b) of this Regulation. (5) Figures should be the same in both columns. (6) In accordance with Article 6(1b) of this Regulation. Figures should be the same in both columns.