8.4.4EU Taxonomy templates
Investment activities within insurance undertakings
The following templates relate to the additional complementary disclosures relating to the EU Taxonomy in regards to the insurance KPI, see section 6.2.5.
Additional, complementary disclosures: breakdown of denominator of the KPI current year
| | | | | |
|---|---|---|---|---|
| The percentage of derivatives relative to total assets covered by the KPI. | The value in monetary amounts of derivatives. | |||
| in % | 12% | in € millions | 11,557 | |
| 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: | 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 in % | 22% | For non-financial undertakings in € millions | 21,637 | |
| For financial undertakings in % | 4% | For financial undertakings in € millions | 4,008 | |
| 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: | 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 in % | 19% | For non-financial undertakings in € millions | 18,953 | |
| For financial undertakings in % | 4% | For financial undertakings in € millions | 3,507 | |
| 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: | Value of exposures to financial and non-financial undertakings subject to Articles 19a and 29a of Directive 2013/34/EU: | |||
| For non-financial undertakings in % | 9% | For non-financial undertakings in € millions | 9,089 | |
| For financial undertakings in % | 5% | For financial undertakings in € millions | 5,075 | |
| The proportion of exposures to other counterparties and assets over total assets covered by the KPI: | Value of exposures to other counterparties and assets: | |||
| in % | 48% | in € millions | 47,975 | |
| 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: | 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: | |||
| Turnover-based in % | 9% | Turnover-based in € millions | 9,228 | |
| Capital expenditures-based in % | 10% | Capital expenditures-based in € millions | 9,555 | |
| 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: | Value of all the investments that are funding economic activities that are not Taxonomy-eligible: | |||
| Turnover-based in % | 59% | Turnover-based in € millions | 58,707 | |
| Capital expenditures-based in % | 59% | Capital expenditures-based in € millions | 58,145 | |
| 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: | Value of all the investments that are funding Taxonomy- eligible economic activities, but not Taxonomy- aligned: | |||
| Turnover-based in % | 31% | Turnover-based in € millions | 30,763 | |
| Capital expenditures-based in % | 31% | Capital expenditures-based in € millions | 30,775 | |
Additional, complementary disclosures: breakdown of numerator of the KPI current year
| | | | | |
|---|---|---|---|---|
| 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: | 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: | For non-financial undertakings: | |||
| Turnover-based in % | 1% | Turnover-based in € millions | 848 | |
| Capital expenditures-based in % | 1% | Capital expenditures-based in € millions | 1,361 | |
| For financial undertakings: | For financial undertakings: | |||
| Turnover-based in % | 0% | Turnover-based in € millions | 129 | |
| Capital expenditures-based in % | 0% | Capital expenditures-based in € millions | 156 | |
| 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: | 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 in % | 9% | Turnover-based in € millions | 9,228 | |
| Capital expenditures-based in % | 10% | Capital expenditures-based in € millions | 9,555 | |
| The proportion of Taxonomy-aligned exposures to other counterparties and assets in over total assets covered by the KPI: | Value of Taxonomy-aligned exposures to other counterparties and assets over total assets covered by the KPI: | |||
| Turnover-based in % | 9% | Turnover-based in € millions | 8,896 | |
| Capital expenditures-based in % | 9% | Capital expenditures-based in € millions | 8,904 | |
Breakdown of the numerator of the KPI per environmental objective current year
| (1) Climate change mitigation | Turnover-based | 10% | Transitional activities Turover-based | 0% | ||
|---|---|---|---|---|---|---|
| | | | Enabling activities Turnover-based | 1% | ||
| | Capital expenditures-based | 10% | Transitional activities Capital expenditure-based | 0% | ||
| | | | Enabling activities Capital expenditure-based | 1% | ||
| (2) Climate change adaptation | Turnover-based | 0% | Enabling activities Turnover-based | 0% | ||
| | Capital expenditures-based | 0% | Enabling activities Capital expenditure-based | 0% | ||
| (3) The sustainable use and protection of water and marine resources | Turnover-based | | Enabling activities Turnover-based | | ||
| | Capital expenditures-based | | Enabling activities Capital expenditure-based | | ||
| (4) The transition to a circular economy | Turnover-based | | Enabling activities Turnover-based | | ||
| | Capital expenditures-based | | Enabling activities Capital expenditure-based | | ||
| (5) Pollution prevention and control | Turnover-based | | Enabling activities Turnover-based | | ||
| | Capital expenditures-based | | Enabling activities Capital expenditure-based | | ||
| (6) The protection and restoration of biodiversity and ecosystems | Turnover-based | | Enabling activities Turnover-based | | ||
| | Capital expenditures-based | | Enabling activities Capital expenditure-based | | ||
Nuclear energy and fossil gas related activities
The following templates indicate whether a.s.r. has made investments in activities related to gas and nuclear sectors.
Template 1: Nuclear and fossil gas related activities
| | 2024 |
|---|---|
| Nuclear energy related activities | |
| The undertaking carries out, funds or has exposures to research, development, demonstration and deployment of innovative electricity generation facilities that produce energy from nuclear processes with minimal waste from the fuel cycle. | YES |
| The undertaking carries out, funds or has exposures to construction and safe operation of new nuclear installations to produce electricity or process heat, including for the purposes of district heating or industrial processes such as hydrogen production, as well as their safety upgrades, using best available technologies. | YES |
| The undertaking carries out, funds or has exposures to safe operation of existing nuclear installations that produce electricity or process heat, including for the purposes of district heating or industrial processes such as hydrogen production from nuclear energy, as well as their safety upgrades. | YES |
| Fossil gas related activities | |
| The undertaking carries out, funds or has exposures to construction or operation of electricity generation facilities that produce electricity using fossil gaseous fuels. | YES |
| The undertaking carries out, funds or has exposures to construction, refurbishment, and operation of combined heat/cool and power generation facilities using fossil gaseous fuels. | YES |
| The undertaking carries out, funds or has exposures to construction, refurbishment and operation of heat generation facilities that produce heat/cool using fossil gaseous fuels. | YES |
The following templates provide more Taxonomy information on the amount of investments in specific activities for climate change mitigation and climate change adaptation, both turnover-based and capital expenditures-based. The information, presented in total investment amounts and percentages, constitute the mandatory reporting basis and excludes any voluntary reporting.
The template below shows the exposures in Taxonomy-aligned economic activities in the denominator for nuclear energy and fossil gas related activities. This means that the percentages represent the amount of investments divided by the total assets covered by the KPI.
Template 2: Gas and nuclear taxonomy-aligned economic activities (denominator) current year
| | Turnover based | CapEx based | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic activity | CMM + CCA | Climate change mitigation (CCM) | Climate change adaptation (CCA) | CMM + CCA | Climate change mitigation (CCM) | Climate change adaptation (CCA) | ||||||
| | € millions | % | € millions | % | € millions | % | € millions | % | € millions | % | € millions | % |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | - | 0% | - | 0% | - | 0% | - | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | - | 0% | - | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 3 | 0% | 3 | 0% | - | 0% | 1 | 0% | 1 | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | - | 0% | - | 0% | 5 | 0% | 5 | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 3 | 0% | 3 | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 0 | 0% | 0 | 0% | - | 0% |
| Amount and proportion of other taxonomy-aligned economic activities not referred to in rows 1 to 6 above in the denominator of the applicable KPI. | 9,868 | 10% | 9,633 | 10% | 236 | 0% | 10,412 | 10% | 10,167 | 10% | 245 | 0% |
| Total applicable KPI | 9,872 | 10% | 9,636 | 10% | 236 | 0% | 10,421 | 10% | 10,176 | 10% | 245 | 0% |
Template 3: Gas and nuclear taxonomy-aligned economic activities (numerator) current year
| | Turnover based | CapEx based | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic activity | CMM + CCA | Climate change mitigation (CCM) | Climate change adaptation (CCA) | CMM + CCA | Climate change mitigation (CCM) | Climate change adaptation (CCA) | ||||||
| | € millions | % | € millions | % | € millions | % | € millions | % | € millions | % | € millions | % |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the numerator of the applicable KPI | - | 0% | - | 0% | - | 0% | - | 0% | - | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the numerator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | - | 0% | - | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the numerator of the applicable KPI | 3 | 0% | 3 | 0% | - | 0% | 1 | 0% | 1 | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the numerator of the applicable KPI | - | 0% | - | 0% | - | 0% | 5 | 0% | 5 | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation 2021/2139 in the numerator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 3 | 0% | 3 | 0% | - | 0% |
| Amount and proportion of taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the numerator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 0 | 0% | 0 | 0% | - | 0% |
| Amount and proportion of other taxonomy-aligned economic activities not referred to in rows 1 to 6 above in the numerator of the applicable KPI. | 9,868 | 100% | 9,633 | 100% | 236 | 100% | 10,412 | 100% | 10,167 | 100% | 245 | 100% |
| Total amount and proportion of taxonomy-aligned economic activities in the numerator of the applicable KPI | 9,872 | 100% | 9,636 | 100% | 236 | 100% | 10,421 | 100% | 10,176 | 100% | 245 | 100% |
Template 4: Gas and nuclear taxonomy-eligible but not taxonomy-aligned economic activities current year
| | Turnover based | CapEx based | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic activity | CMM + CCA | Climate change mitigation (CCM) | Climate change adaptation (CCA) | CMM + CCA | Climate change mitigation (CCM) | Climate change adaptation (CCA) | ||||||
| | € millions | % | € millions | % | € millions | % | € millions | % | € millions | % | € millions | % |
| Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | - | 0% | - | 0% | - | 0% | - | 0% | - | 0% |
| Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 0 | 0% | 0 | 0% | - | 0% |
| Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 0 | 0% | 0 | 0% | - | 0% |
| Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 25 | 0% | 25 | 0% | - | 0% | 9 | 0% | 9 | 0% | - | 0% |
| Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 5 | 0% | 5 | 0% | - | 0% | 1 | 0% | 1 | 0% | - | 0% |
| Amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | 0 | 0% | - | 0% | 0 | 0% | 0 | 0% | - | 0% |
| Amount and proportion of other taxonomy-eligible but not taxonomy-aligned economic activities not referred to in rows 1 to 6 above in the denominator of the applicable KPI. | 30,732 | 31% | 30,668 | 31% | 63 | 0% | 30,765 | 31% | 30,748 | 31% | 17 | 0% |
| Total amount and proportion of taxonomy-eligible but not taxonomy-aligned economic activities in the denominator of the applicable KPI | 30,763 | 31% | 30,700 | 31% | 63 | 0% | 30,775 | 31% | 30,758 | 31% | 17 | 0% |
Template 5: Gas and nuclear taxonomy-non-eligible economic activities current year
| | Turnover based | CapEx based | ||
|---|---|---|---|---|
| Economic activity | € millions | % | € millions | % |
| Amount and proportion of taxonomy-non-eligible economic activity referred to in Section 4.26 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | - | 0% |
| Amount and proportion of taxonomy-non-eligible economic activity referred to in Section 4.27 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 0 | 0% | - | 0% |
| Amount and proportion of taxonomy-non-eligible economic activity referred to in Section 4.28 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | 10 | 0% | 5 | 0% |
| Amount and proportion of taxonomy-non-eligible economic activity referred to in Section 4.29 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | 0 | 0% |
| Amount and proportion of taxonomy-non-eligible economic activity referred to in Section 4.30 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | - | 0% |
| Amount and proportion of taxonomy-non-eligible economic activity referred to in Section 4.31 of Annexes I and II to Delegated Regulation 2021/2139 in the denominator of the applicable KPI | - | 0% | - | 0% |
| Amount and proportion of other taxonomy-non-eligible economic activities not referred to in rows 1 to 6 above in the denominator of the applicable KPI. | 58,696 | 59% | 58,140 | 59% |
| Total amount and proportion of taxonomy-non-eligible economic activities in the denominator of the applicable KPI | 58,707 | 59% | 58,145 | 59% |