Corporate Responsibility

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:

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.
Joachim Wenning
For us, acting responsibly means creating added value – both for our Group and for society as a whole.
Joachim Wenning
Munich Re
Chair of the Board of Management

Voluntary commitments

The voluntary commitments such as our acceptance of the UN Global Compact  (UNGC), the Principles for Sustainable Insurance (PSI) and the Principles for Responsible Investment  (PRI) form the framework of our corporate responsibility strategy. In the beginning of 2020, Munich Re joined the UN-convened “Net-Zero Asset Owner Alliance” (AOA) and will ensure its investments are net-zero by 2050. Through our risk expertise, our sustainable solutions and our actions as a responsible employer, we are contributing in particular to the achievement of a range of the UN Sustainable Development Goals (SDGs).

Key Topics

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.

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.