Taking up our responsibilities on human rights

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Taking up our responsibilities on human rights

We are convinced that our business concept can only be successfully realised in the future through sustainable and responsible action. For that reason, observance of human rights is axiomatic for Munich Re (Group). This is why the Board of Management of Munich Re has confirmed this commitment, stating the Group’s position on human rights: 

Munich Re (Group) is committed to respecting human rights in line with internationally accepted human rights principles* and the United Nations Guiding Principles on Business and Human Rights. We strive to prevent or mitigate potential adverse human-rights impacts that could arise from our business activities. To systematically identify these, we have defined four dimensions: employees, procurement, (re)insurance business and asset management. For each of these dimensions, we have implemented a set of policies, governance instruments and internal position papers to guide our decision-making and responsible business conduct. 

Munich Re (Group) reports on its human rights performance via the Corporate Responsibility Portal, the annual Communication on Progress to the UN Global Compact, and the annual reports submitted under the Principles for Sustainable Insurance (PSI) and the Principles for Responsible Investment (PRI). 
 
We aim to constantly improve our processes, expand our risk screening, raise awareness among our employees and business partners, and keep them informed regularly. An ongoing exchange with our stakeholders provides important catalysts. Munich Re (Group) offers its staff members, clients, suppliers and other business partners the Munich Re Compliance Whistleblowing Portal, where they can draw our attention to potential compliance breaches. 

The following list provides an overview of the most relevant commitments and instruments we have in place to ensure our compliance with human-rights due diligence requirements.


Commitments

  • United Nations Global Compact
  • Principles for Sustainable Insurance (PSI)
  • Principles for Responsible Investment (PRI)
  • Charta der Vielfalt (Diversity Charter)

Codes and policies

  • Code of Conduct of Munich Re
  • Group-wide Procurement Principles
  • Responsible Investment Guideline
  • Diversity Policy

Governance instruments

  • Group Corporate Responsibility Committee
  • Reputational Risk Committee
  • Whistleblowing Portal



Please find further information about Munich Re’s approach to human rights in the factsheet Human Rights (PDF, 43 KB).

GRI Content Index: G4 DMA Human Rights Investment; G4-HR1

*Including the International Bill of Human Rights (incl. The Universal Declaration of Human Rights, The International Covenant on Civil and Political Rights and The International Covenant on Economic, Social and Cultural Rights) and the International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work


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