Artea Life Insurance sustainability information
Sustainability risks are events or situations arising from environmental, social, or governance issues that could adversely affect a company’s assets, financial position, reputation, and the value of its investments.
Sustainability risk management is integrated into the Artea Group’s overall risk management system – a double materiality assessment is conducted and the sustainability strategy is established at the group level.
UAB Artea Life Insurance (hereinafter referred to as the Company) integrates sustainability risk management into its investment decision-making process, remuneration policy, Own Risk and Solvency Assessment (ORSA) process, as well as the management of other risks (market, liquidity, credit, and operational risks).
The Company discloses sustainability-related information in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (SFDR).
We aim to incorporate a responsible investment approach and contribute to societal well-being and sustainable development by integrating sustainability criteria, active engagement, and negative selection. In the investment decision-making process, the integration of sustainability risk depends on the specific investment direction or the client's portfolio assets and strategy.
In all cases, the goal is to make the best financial decisions regarding investment risk and targeted returns so that the yield of asset portfolios is sustainable and reasonable client expectations are justified. If the investment direction promotes environmental or social characteristics or aims for sustainable investments, additional investment selection processes are implemented to achieve the sustainability indicators and objectives of the direction. More detailed integration of sustainability risk into the investment process is revealed in the Responsible Investment and Sustainability Risk Integration Policy.
Information is disclosed in accordance with Article 3 of Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector.
The remuneration policy aligns with the company's commitment to integrating sustainability risks into investment decision-making processes. The remuneration policy is aligned with the company's risk management system, encourages responsible investing and long-term returns, and the remuneration structure does not encourage excessive risk-taking, including sustainability risk.
- Remuneration Policy (approved on June 21, 2024, by the board of the life insurance company UAB "SB draudimas" (hereinafter – the Company), effective from July 1, 2024 – applicable when appointing, approving, granting, and paying remuneration to the Company's employees for work/activity in 2024 and/or subsequent years).
- Remuneration Policy (approved on June 29, 2026, by the Board of UAB Artea Life Insurance (hereinafter – the Company), effective from June 29, 2026 – applicable when appointing, approving, granting, and paying remuneration to the Company's employees for work/activity in 2026 and/or subsequent years). The policy has been supplemented with provisions against encouraging excessive sustainability-related risks, the application of employee stock option programs, and the awarding of one-time bonuses.
Information is disclosed in accordance with Article 5 of Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector.
Principal Adverse Impacts is understood as the impact of such investment decisions that causes a negative impact on sustainability factors. Information on consideration of the main adverse impact of investment decisions is disclosed at the entity level.
Information is disclosed in accordance with Article 4 of Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector.