SFDR

The purpose of the Sustainable Finance Disclosure Regulation (Regulation EU 2019/2088, “EU SFDR”) is to strengthen protection for, and improve disclosures to, end investors in respect of the integration of sustainability risks in investment decision-making and advisory processes.

EU SFDR first came into effect on 10 March 2021 and introduces mandatory reporting requirements for in-scope firms. Whilst Monument Re Limited is not subject to SFDR, the disclosures that follow address the SFDR requirements for the relevant in-scope Company within the Monument Re Group.

EU SFDR defines a Sustainability Risk as an environmental, social or governance event or condition that, if it occurs, could cause a negative material impact on the value of the investment.

Article 3

Monument Re has a group Sustainability Risk Policy, that has been approved by the Monument Re Limited Board and is reviewed at least annually.

The Sustainability Risk Policy sets out principles and requirements for the identification, measurement, management, monitoring and reporting of sustainability risks, including Environmental, Social and Governance (“ESG”) considerations. The Company’s Investment Policy operationalises the principles of the Sustainability Risk Policy with respect to the ESG parameters to which the Company must adhere in terms of its investments.

Responsibility for investment decisions depends on the nature of the insurance product. With respect to traditional savings and non-profit insurance business, asset management is typically outsourced to external asset managers. Those asset managers must adhere to the Company’s investment policy including ESG limits. With respect to certain unit-linked policies, and portfolio bonds in particular, investment decisions may be taken by the policyholder, and this may be on the basis of advice provided to the policyholder by an investment adviser. Where the Company does not control, or has relatively limited control over, the investment decisions, then sustainability risks are best taken into account by the policyholder, on advice from their investment adviser as appropriate.

Article 4

The Company does not currently consider principal adverse impacts of investment decisions on sustainability factors. The Company does not yet have access to sufficient data to enable such an impact analysis to be conducted. Monument Re group intends to invest further to enhance its access to comprehensive ESG data.

Article 5

The Company follows a remuneration policy that incorporates and promotes sound and effective risk management linked to risk-adjusted performance. There is currently no specific link to sustainability risk in the Company’s remuneration policy.

 

CONTACTS

Monument Re

Crown House
4 Par-la-Ville Road
Hamilton HM08
Bermuda

+1 441 400 9300

Monument Life Insurance DAC

Two Park Place,
Upper Hatch Street,
Dublin 2
Ireland

Monument Assurance Belgium

Koloniënstraat | rue des Colonies 11
1000 Brussel | Bruxelles
Belgie | Belgique

+32 (0) 78 050 006

Monument Assurance Luxembourg S.A.

5, rue Eugène Ruppert
L-2453 Luxembourg

+352-264 98 1

Monument International Life Assurance Company Limited

St George’s Court
Upper Church Street
Douglas
Isle of Man IM1 1EE

+44 1624 683 683

Robein Leven NV

Parkstraat 99,
2514 JH Den Haag,
Netherlands

070 376 66 66

Nordben Life and Pension Insurance Co. Limited

OLD bank chambers
La grande rue
st martin
Guernsey
GY4 6rt

 

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