Societal responsibility

Download CR Report 2019 p. 65

As a responsible company, we are committed to public welfare and cohesion within our society. And our corporate responsibility strategy forms the basis of our societal commitment. Our chosen fields of action involve issues for which we can provide expertise and risk competencies, allowing us to have the biggest societal impact possible. Specifically, we focus on three significant global challenges: combating climate change and its consequences, improving access to healthcare, and increasing risk awareness.

Furthermore, we promote social and cultural projects at our sites and provide support for emergency measures following natural disasters. Our employees also make a significant contribution through corporate volunteering projects – something that we actively promote.

Our goals and measures for 2019

Continuation of Munich Re and ERGO’s Group-wide project “Tackling Climate Change Together” (TCCT)

Group-wide roll-out of the concept for measuring the impact of our societal commitment

Development of new collaborations in social impact projects, in line with the criteria set out in the guideline

Commitment to people and the environment

>560

organisations supported in 2019

Our activities focus on three action areas: climate change, health, and risk awareness. The projects presented below are examples of our Group-wide commitment to tackling these three action areas.

Responding to climate change

Tackling Climate Change Together (TCCT) initiative

Climate-KIC (Knowledge & Innovation Community) - Promoting start-ups and cleantech solutions

Climathon 2019 - 24 hours of climate protection brainstorming in Munich, Sydney, Vilnius and Tallinn.

Increasing risk awareness among the population and promoting risk prevention

Protecting against weather-related landslides

A high level of risk awareness can prevent damage and minimise danger for the population. For this reason, Munich Re supports the non-profit organisation GeoHazards International (GHI) in drawing up geological safety recommendations.

More details in our CR Report p. 69

Rescue operations following devastating landslides

Better access to healthcare

The Global Fund is supporting the global fight against AIDS, tuberculosis and malaria. Since 2016, Munich Re has funded a four-year project that works to fight tuberculosis in Indonesia. The objective is to reduce the mortality rate and break the chain of infection. Quick tests that can detect bacterial resistance play a key role here, as does strengthening healthcare systems.

DKV Seguros demonstrates its commitment to corporate responsibility as a founding member of the Cuidam programme, which provides healthcare for needy children worldwide. Children from Africa, South America, Asia and Eastern Europe who previously had no access to medical care can receive treatment there.

Rapid disaster relief for people in need

For many years, Munich Re has provided financial support for emergency aid measures and reconstruction projects following natural disasters. To this end, we work closely with and support the aid organisation Save the Children. Munich Re set up a formal partnership with Save the Children in 2019.

Find more abour our projects with Safe the Children, CR Report p. 70

Employee engagement

We also show our commitment to numerous social, cultural and ecological projects at our different sites through corporate volunteering. Many of the initiatives are the result of ideas from our employees and are driven by them. For example, Munich Re Munich supports its employees’ voluntary work meaning that it also contributes to the time given by its employees. As a result, when employees use their own annual leave for volunteering, they can receive up to two extra days of holiday per year. The internal Schinzler Foundation supports our employees’ voluntary work by giving grants to various projects.

Find our key figures on social engagement in our CR Report, p. 78

11,000

hours of voluntary engaagement in 2019