Social impact indicators

Normal view (turn off text only mode)
You are here:

Social impact indicators

There is a long tradition of social commitment at Munich Re. As part of our shared-value approach, we focus on three global challenges that are closely connected with our core business: combating the effects of climate change, improving access to healthcare, and enhancing risk awareness.

Below is a list of the social impact expenses of Munich Re (Group).

Social impact (SI) indicators

Indicator Unit 2017 2016 2015 2014
Coverage Munich Re Group % 99.8 99.6 95.3 95.5
SI expenses of Munich Re Group* 5,293,821 4,727,050 7,114,356 6,480,170
Total SI expenses** 8,771,058 7,738,945 10,390,192 9,328,608
* This amount is made up of donations (excluding donations in kind and political donations), social sponsorships (excluding sponsorship in kind) and corporate responsibility memberships. In 2017, these expenses made up 0.43% of the pre-tax result.

** This amount additionally includes donations in kind, political donations, sponsorship in kind, corporate volunteering expenses, and our foundations’ expenses. In 2017, these expenses made up 0.7% of the pre-tax result.

Social impact expenses 2017

* This amount is made up of donations (excluding donations in kind and political donations), social sponsorships (excluding sponsorship in kind) and corporate responsibility memberships.

Additional social impact expenses:
Donations/sponsoring in kind  €24,761
Political donations €170,500
Corporate volunteering €862,997
ERGO foundations €683,977
Munich Re foundations €1,735,002

Social impact expenses 2017 (regional classification)

* This amount is made up of donations (excluding donations in kind and political donations), social sponsorships (excluding sponsorship in kind) and corporate responsibility memberships.

Political engagement

Munich Re (Group) supports the democratic political process and, to this end, donates to the following parties: Bündnis 90/Die Grünen, CDU, CSU, FDP and SPD. With no conditions attached, each of the parties receives the same donation amount, which corresponds to an annual total of €150,000 for all parties. Of that sum, €75,000 is contributed by Munich Re and €75,000 by ERGO. The donations are transferred exclusively to the parties’ federal headquarters.

In addition to the above donations, membership fees are paid to organisations closely affiliated with the parties. These may total a maximum of €25,000 per financial year for Munich Re and ERGO respectively. In 2017, political donations amounted to €170,500 overall.

Through its lobbying activities, Munich Re (Group) remains in continuous exchange with various organisations in which it is also a member. The table below shows a selection of the most strategically important institutions with Group-wide significance, which have multi-sectoral and/or international activity.

Association/Organisation Unit Membership fees 2017*
Association of German Insurers (GDV) 3,000,000
Geneva Association 140,000
European Insurance CFO Forum (CFO Forum) 90,000
Chief Risk Officer Forum 30,000
Insurance Europe Reinsurance Advisory Board (RAB) 15,000
* These amounts do not form part of our aforementioned social impact expenses.



GRI Content Index: G4-22; G4-EC1/FS/EC1; G4-SO6




Main Navigation
Service Men
Accessibility

Note


This publication is available exclusively to Munich Re clients. Please contact your Client Manager.