Corporate Responsibility

Corporate Responsibility Report 2018

In our Corporate Responsibility (CR) Report, we describe the ways in which we embrace corporate responsibility in our day-to-day operations.

Download CR Report 2018

About Corporate Responsibility at Munich Re

Munich Re adopts a forward-looking, prudent and responsible approach to handling risks. For over 135 years, Munich Re has created long-term value by assuming a diverse range of risks around the world. We are convinced that this business concept will continue to be successful in the future through sustainable action. Responsible corporate governance that reconciles economic, environmental and social requirements forms the basis to this approach. 

 

Corporate Responsibility News

Creating value with global responsibility

Our shared value approach aims to achieve added value for society as well as for our Group. We address social challenges, making the best use of our strengths and abilities and sharing knowledge with our stakeholders. Our risk expertise thus allows us to develop new perspectives and sustainable solutions. 

The strategic focus is on four fields of action:

We proactively consider environmental, social and responsible corporate governance (ESG) aspects along the entire value chain in our core business activities.
As an employer, we attach the greatest importance to treating our staff in a responsible and respectful way. We create attractive framework conditions to promote their personal and professional development.
We practise active environmental management at our sites, and are carbon-neutral Group-wide.
From a sense of social responsibility, we support a large number of initiatives and projects that are close to our core business and promote social cohesion.
For us, acting responsibly means creating added value – both for our Group and for society as a whole.
Joachim Wenning
Munich Re
Chairman of the Board of Management

Voluntary commitments

Voluntary commitments such as the UN Global Compact (UNGC), the Principles for Responsible Investment (PRI) and the Principles for Sustainable Insurance (PSI) of the UNEP FI represent a key element of our CR strategy. Through our risk expertise, our sustainable solutions and our actions as a responsible employer, we are contributing in particular to the achievement of the following seven UN Sustainable Development Goals (SDGs).

Key Topics

Munich Re has always valued an open and ongoing dialogue with its stakeholders. This has allowed us to identify at an early stage the topics that are material for us now and in the future from our partners’ perspective. The topics that are material for us: Climate change, risk awareness and prevention, along with data protection and cyber security remain high-priority topics. The topics of digital transformation and energy transition were added to the category with the highest level of materiality. The five top topics are closely related to our core business. An additional strategic focus is put on the topics of healthcare, client focus and satisfaction, sustainable investment, training and talent development.

Respecting human rights at all times in all places

We regard the protection of human rights as a particular obligation. For this reason, the Munich Re Board of Management has formulated its own position on the subject of 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 any possible adverse human rights impacts that could arise from our business activities. In order to identify such impacts in a systematic way, we have defined the following four dimensions: employees, procurement, insurance and reinsurance business, and asset management. For each of these dimensions, we have introduced a set of policies, governance instruments and internal position papers to guide our decision-making and ensure responsible business conduct. We illustrate at regular intervals how Munich Re (Group) meets its responsibilities for human rights. In this context, we use our CR Report, which simultaneously serves as an annual progress report for the UN Global Compact, as well as the statement on compliance with the UK Modern Slavery Act and the reports on the Principles for Sustainable Insurance (PSI) and the Principles for Responsible Investment (PRI).

Contact our Corporate Responsibility team

Corporate Responsibility Report

In our Corporate Responsibility (CR) Report, we describe the ways in which we embrace corporate responsibility in our day-to-day operations.
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