Corporate Responsibility Report 2020
In our Corporate Responsibility (CR) Report, we describe the ways in which we embrace corporate responsibility in our day-to-day operations.
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:
For us, acting responsibly means creating added value – both for our Group and for society as a whole.
We select the topics that are most material to the Munich Re CR strategy. And we then assess these topics in terms of three different dimensions:
- The business perspective
- The stakeholder perspective
- The impact of our business activities on the three sustainability dimensions of environment, society and economy
Climate change and digital transformation are our high priority topics. Along with data protection, cyber security and energy transition they belong to the category with the highest level of materiality. Risk awareness and prevention is an integral cross cutting issue related to all identified key topics. These topics are closely related to our core business. An additional strategic focus is put on healthcare, client satisfaction, sustainable investment, training and talent development.